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Registration number: 06186627

Compton Communications Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Compton Communications Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Compton Communications Limited

Company Information

Directors

Mr M C Aljoe

Mr J M Aljoe

Mrs Sally Aljoe

Company secretary

Mrs Sally Aljoe

Registered office

2nd Floor
32 Old Compton Street
London
W1D 4TP

Registered number

06186627

Accountants

Ripe LLP
Chartered accountants
9A Burroughs Gardens
London
NW4 4AU

 

Compton Communications Limited

(Registration number: 06186627)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

233,334

206,943

Cash at bank and in hand

 

48,620

128,300

 

281,954

335,243

Creditors: Amounts falling due within one year

5

(196,130)

(242,254)

Net assets

 

85,824

92,989

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

85,724

92,889

Shareholders' funds

 

85,824

92,989

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 April 2024 and signed on its behalf by:
 

.........................................
Mr M C Aljoe
Director

   
     
 

Compton Communications Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2nd Floor
32 Old Compton Street
London
W1D 4TP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£) and figures are shown to the nearest whole pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Compton Communications Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 1).

4

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

3,699

-

Amounts owed by related parties

7

172,569

162,343

Other debtors

 

57,066

44,600

   

233,334

206,943

 

Compton Communications Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

63,206

49,200

Taxation and social security

12,558

13,921

Other creditors

120,366

179,133

196,130

242,254

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

7

Related party transactions

Mr M.C. Aljoe is a director of the following related company.

At the balance sheet date,

a) DAM Management Limited owed £31,310 (2022: £116,360) to the company.

b) Abbey Leisure Group Limited owed £40,198 (2022: £6,790) to the company.

c) Abbey Box Office Limited owed £101,061 (2022: £39,193) to the company.

At the balance sheet date, the company owed:

a) £39,033 (2022: £33,633) to Helenslea Limited.

b) £13,808 (2022: £13,808) to Abbey International Events Limited.

c) £51,700 (2022: £45,700) to Mr M.C Aljoe, a director and shareholder of the company.