1 January 2023 false No description of principal activity Taxfiler 2024.5 SC226604business:PrivateLimitedCompanyLtd2023-01-012023-12-31 SC2266042022-12-31 SC2266042023-01-012023-12-31 SC226604business:AuditExemptWithAccountantsReport2023-01-012023-12-31 SC226604business:FilletedAccounts2023-01-012023-12-31 SC2266042023-12-31 SC226604business:Director12023-01-012023-12-31 SC226604business:Director22023-01-012023-12-31 SC226604business:CompanySecretary12023-01-012023-12-31 SC226604business:RegisteredOffice2023-01-012023-12-31 SC2266042022-12-31 SC226604core:WithinOneYear2023-12-31 SC226604core:WithinOneYear2022-12-31 SC226604core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC226604core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 SC226604core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC226604core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC226604core:PreviouslyStatedAmount2023-12-31 SC226604core:PreviouslyStatedAmount2022-12-31 SC226604business:SmallEntities2023-01-012023-12-31 SC226604countries:Scotland2023-01-012023-12-31 SC226604core:ComputerEquipment2023-01-012023-12-31 SC226604core:ComputerEquipment2022-12-31 SC226604core:ComputerEquipment2023-12-31 SC226604business:OrdinaryShareClass12023-01-012023-12-31 SC226604business:OrdinaryShareClass12022-01-012022-12-31 SC2266042022-01-012022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC226604 (Scotland)
Compass Geographics Limited Unaudited accounts for the year ended 31 December 2023
Compass Geographics Limited Unaudited accounts Contents
Page
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Compass Geographics Limited Company Information for the year ended 31 December 2023
Directors
G Keith P Keith
Secretary
G Keith
Company Number
SC226604 (Scotland)
Registered Office
29 Allan Walk Bridge of Allan Stirling FK9 4PD United Kingdom
Accountants
Bridge of Allan Enterprise Ltd "The Summerhouse" 29A Kenilworth Road, Bridge of Allan Stirling FK9 4EH
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Compass Geographics Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
910 
542 
Current assets
Debtors
15,222 
5,119 
Cash at bank and in hand
30,462 
11,606 
45,684 
16,725 
Creditors: amounts falling due within one year
(26,130)
(10,151)
Net current assets
19,554 
6,574 
Net assets
20,464 
7,116 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
20,454 
7,106 
Shareholders' funds
20,464 
7,116 
For the 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. 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 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 of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by
G Keith Director Company Registration No. SC226604
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Compass Geographics Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Compass Geographics Limited is a private company, limited by shares, registered in Scotland, registration number SC226604. The registered office is 29 Allan Walk, Bridge of Allan, Stirling, FK9 4PD, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing balance
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items if income or expense that are taxable or deductible in other years and it further excludes items that are b=never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Compass Geographics Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
2,016 
Additions
672 
At 31 December 2023
2,688 
Depreciation
At 1 January 2023
1,474 
Charge for the year
304 
At 31 December 2023
1,778 
Net book value
At 31 December 2023
910 
At 31 December 2022
542 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,222 
5,119 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,686 
2,067 
Taxes and social security
11,670 
5,513 
Loans from directors
5,273 
- 
Accruals
1,501 
2,571 
26,130 
10,151 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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