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REGISTERED NUMBER: 07066948 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

COMPASS AND DIAMOND
PRINT SOLUTIONS LIMITED

COMPASS AND DIAMOND
PRINT SOLUTIONS LIMITED (REGISTERED NUMBER: 07066948)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


COMPASS AND DIAMOND
PRINT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTORS: Mr P R Donkin
Mr A Karunadhara





REGISTERED OFFICE: 97 Judd Street
London
WC1H 9NE





REGISTERED NUMBER: 07066948 (England and Wales)





ACCOUNTANTS: Alex Johnson Ltd
Chartered Certified Accountants
344 - 354 Grays Inn Road
London
WC1X 8BP

COMPASS AND DIAMOND
PRINT SOLUTIONS LIMITED (REGISTERED NUMBER: 07066948)

STATEMENT OF FINANCIAL POSITION
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 22,495 26,983
Investments 5 85 85
22,580 27,068

CURRENT ASSETS
Debtors 6 159,701 177,384
Cash at bank 125,499 123,407
285,200 300,791
CREDITORS
Amounts falling due within one year 7 91,662 107,803
NET CURRENT ASSETS 193,538 192,988
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,118

220,056

CREDITORS
Amounts falling due after more than one
year

8

20,681

30,676
NET ASSETS 195,437 189,380

CAPITAL AND RESERVES
Called up share capital 160 160
Capital redemption reserve 40 40
Retained earnings 195,237 189,180
SHAREHOLDERS' FUNDS 195,437 189,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

COMPASS AND DIAMOND
PRINT SOLUTIONS LIMITED (REGISTERED NUMBER: 07066948)

STATEMENT OF FINANCIAL POSITION - continued
30TH NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th July 2024 and were signed on its behalf by:




Mr P R Donkin - Director



Mr A Karunadhara - Director


COMPASS AND DIAMOND
PRINT SOLUTIONS LIMITED (REGISTERED NUMBER: 07066948)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Compass and Diamond Print Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Compass and Diamond Print Solutions Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

COMPASS AND DIAMOND
PRINT SOLUTIONS LIMITED (REGISTERED NUMBER: 07066948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st December 2022 360,403 4,723 2,774 367,900
Additions 13,750 - 1,608 15,358
Disposals (338,903 ) (4,723 ) - (343,626 )
At 30th November 2023 35,250 - 4,382 39,632
DEPRECIATION
At 1st December 2022 336,044 4,179 694 340,917
Charge for year 18,380 544 922 19,846
Eliminated on disposal (338,903 ) (4,723 ) - (343,626 )
At 30th November 2023 15,521 - 1,616 17,137
NET BOOK VALUE
At 30th November 2023 19,729 - 2,766 22,495
At 30th November 2022 24,359 544 2,080 26,983

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st December 2022
and 30th November 2023 85
NET BOOK VALUE
At 30th November 2023 85
At 30th November 2022 85

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 128,759 155,011
Other debtors 30,942 22,373
159,701 177,384

COMPASS AND DIAMOND
PRINT SOLUTIONS LIMITED (REGISTERED NUMBER: 07066948)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,152 10,157
Trade creditors 60,255 41,979
Taxation and social security 21,255 55,667
91,662 107,803

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 20,681 30,676

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 20,681 30,676