COMPASS MARKETING (SCOTLAND) LTD.

Company Registration Number:
SC481397 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

COMPASS MARKETING (SCOTLAND) LTD.

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

COMPASS MARKETING (SCOTLAND) LTD.

Company Information

for the Period Ended 31 March 2024




Director: CLAIRE MILLER
Secretary: CLAIRE MILLER
Registered office: 18
Canniesburn Road
Bearsden
Glasgow
GB-SCT
G61 1NG
Company Registration Number: SC481397 (Scotland)

COMPASS MARKETING (SCOTLAND) LTD.

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 688
Total fixed assets: 688
Current assets
Debtors: 4 60,879 46,604
Cash at bank and in hand: 5,719 11,603
Total current assets: 66,598 58,207
Creditors: amounts falling due within one year: 5 ( 50,453 ) ( 40,940 )
Net current assets (liabilities): 16,145 17,267
Total assets less current liabilities: 16,145 17,955
Creditors: amounts falling due after more than one year: 6 ( 14,935 ) ( 17,815 )
Total net assets (liabilities): 1,210 140

The notes form part of these financial statements

COMPASS MARKETING (SCOTLAND) LTD.

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 1,209 139
Shareholders funds: 1,210 140

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 1 May 2024
And Signed On Behalf Of The Board By:

Name: CLAIRE MILLER
Status: Director

The notes form part of these financial statements

COMPASS MARKETING (SCOTLAND) LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

COMPASS MARKETING (SCOTLAND) LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

COMPASS MARKETING (SCOTLAND) LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

COMPASS MARKETING (SCOTLAND) LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors


2024
£

2023
£
Trade debtors 10,586 6,466
Prepayments and accrued income 293 138
Other debtors 50,000 40,000
Total 60,879 46,604

The Company has loaned to its Director, Claire Miller, £50,000 (2023 :£40,000). This amount is included within Other debtors above and is interest free with no fixed terms for repayment.

COMPASS MARKETING (SCOTLAND) LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

5.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 2,900 2,900
Trade creditors 1,325
Taxation and social security 44,878 36,890
Accruals and deferred income 1,350 1,000
Other creditors 150
Total 50,453 40,940

As a result of the COVID-19 pandemic the Company sought additional interim working capital by way of a Corona Virus Bounce Back Loan Scheme (“BBLS”) term loan from Santander in June 2020. These amounts are included within the "bank loans and overdrafts" category within and after more than one year.

COMPASS MARKETING (SCOTLAND) LTD.

Notes to the Financial Statements

for the Period Ended 31 March 2024

6.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 14,935 17,815
Total 14,935 17,815

As a result of the COVID-19 pandemic the Company sought additional interim working capital by way of a Corona Virus Bounce Back Loan Scheme (“BBLS”) term loan from Santander in June 2020. These amounts are included within the "bank loans and overdrafts" category within and after more than one year.