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Company Registration No. 11183460 (England and Wales)
The Complete Entrepreneur Ltd Unaudited accounts for the year ended 31 January 2024
The Complete Entrepreneur Ltd Unaudited accounts Contents
Page
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The Complete Entrepreneur Ltd Company Information for the year ended 31 January 2024
Director
Warren David Munson
Company Number
11183460 (England and Wales)
Registered Office
8a Parr Street Poole Dorset BH14 0JY United Kingdom
Accountants
JKD Accountants Limited Bayside Business Centre 48 Willis Way Poole Dorset BH15 3TB
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The Complete Entrepreneur Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
8,540 
13,209 
Tangible assets
28,156 
33,020 
36,696 
46,229 
Current assets
Debtors
163,306 
158,781 
Cash at bank and in hand
10,535 
6,285 
173,841 
165,066 
Creditors: amounts falling due within one year
(44,869)
(55,324)
Net current assets
128,972 
109,742 
Total assets less current liabilities
165,668 
155,971 
Creditors: amounts falling due after more than one year
(360,827)
(363,814)
Net liabilities
(195,159)
(207,843)
Capital and reserves
Called up share capital
1,026 
1,026 
Share premium
254,884 
254,884 
Profit and loss account
(451,069)
(463,753)
Shareholders' funds
(195,159)
(207,843)
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 August 2024 and were signed on its behalf by
Warren David Munson Director Company Registration No. 11183460
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The Complete Entrepreneur Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
The Complete Entrepreneur Ltd is a private company, limited by shares, registered in England and Wales, registration number 11183460. The registered office is 8a Parr Street, Poole, Dorset, BH14 0JY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Plant & machinery includes leasehold improvement costs. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
over the length of the lease
Fixtures & fittings
15% reducing balance
Computer equipment
3 years straight line
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation. In addition, at each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss , unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss , unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
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The Complete Entrepreneur Ltd Notes to the Accounts for the year ended 31 January 2024
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs, mainly in relation to contractual hourly staff rates and materials. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that is is probable will be recovered.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
4
Intangible fixed assets
Total 
£ 
Cost
At 1 February 2023
140,476 
At 31 January 2024
140,476 
Amortisation
At 1 February 2023
127,267 
Charge for the year
4,669 
At 31 January 2024
131,936 
Net book value
At 31 January 2024
8,540 
At 31 January 2023
13,209 
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The Complete Entrepreneur Ltd Notes to the Accounts for the year ended 31 January 2024
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 February 2023
52,105 
Additions
649 
At 31 January 2024
52,754 
Depreciation
At 1 February 2023
19,085 
Charge for the year
5,513 
At 31 January 2024
24,598 
Net book value
At 31 January 2024
28,156 
At 31 January 2023
33,020 
6
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 January 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
36,000 
36,000 
Later than one year and not later than five years
9,000 
45,000 
45,000 
81,000 
7
Average number of employees
During the year the average number of employees was 5 (2023: 4).
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