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REGISTERED NUMBER: 06853249 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

COMPLIANCEASSIST LIMITED

COMPLIANCEASSIST LIMITED (REGISTERED NUMBER: 06853249)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMPLIANCEASSIST LIMITED

Company Information
for the year ended 31 March 2024







DIRECTOR: D J Hickman





REGISTERED OFFICE: Sussex Innovation Centre
Science Park Square
Falmer
Brighton
BN1 9SB





REGISTERED NUMBER: 06853249 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

COMPLIANCEASSIST LIMITED (REGISTERED NUMBER: 06853249)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 43,889 38,298
Tangible assets 5 33,484 2,019
77,373 40,317

CURRENT ASSETS
Debtors 6 188,618 160,764
Cash at bank 161,410 154,503
350,028 315,267
CREDITORS
Amounts falling due within one year 7 (142,225 ) (135,727 )
NET CURRENT ASSETS 207,803 179,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

285,176

219,857

CREDITORS
Amounts falling due after more than one
year

8

(35,097

)

(22,439

)

PROVISIONS FOR LIABILITIES 9 (723 ) (424 )
NET ASSETS 249,356 196,994

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 248,356 195,994
SHAREHOLDERS' FUNDS 249,356 196,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

COMPLIANCEASSIST LIMITED (REGISTERED NUMBER: 06853249)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 30 August 2024 and were signed by:





D J Hickman - Director


COMPLIANCEASSIST LIMITED (REGISTERED NUMBER: 06853249)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Complianceassist 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax. Revenue is recognised at the point in time when the compliance services are completed and transferred to the customer.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Motor vehicles- 25% on reducing balance
Computer equipment- 50% on reducing balance
Fixtures & Fittings- 25% on reducing balance

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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 balance sheet date.


COMPLIANCEASSIST LIMITED (REGISTERED NUMBER: 06853249)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an 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 asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 April 2023 427,140
Additions 29,995
At 31 March 2024 457,135
AMORTISATION
At 1 April 2023 388,842
Amortisation for year 24,404
At 31 March 2024 413,246
NET BOOK VALUE
At 31 March 2024 43,889
At 31 March 2023 38,298

COMPLIANCEASSIST LIMITED (REGISTERED NUMBER: 06853249)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 3,508 - 17,175 20,683
Additions - 36,999 1,958 38,957
At 31 March 2024 3,508 36,999 19,133 59,640
DEPRECIATION
At 1 April 2023 2,851 - 15,813 18,664
Charge for year 165 6,167 1,160 7,492
At 31 March 2024 3,016 6,167 16,973 26,156
NET BOOK VALUE
At 31 March 2024 492 30,832 2,160 33,484
At 31 March 2023 657 - 1,362 2,019

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 174,259 151,455
Other debtors 14,359 9,309
188,618 160,764

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,203 9,950
Hire purchase contracts 4,643 -
Trade creditors 18,625 19,234
Taxation and social security 72,600 68,766
Other creditors 36,154 37,777
142,225 135,727

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,236 22,439
Hire purchase contracts 22,861 -
35,097 22,439

COMPLIANCEASSIST LIMITED (REGISTERED NUMBER: 06853249)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 723 424

Deferred
tax
£   
Balance at 1 April 2023 424
Provided during year 299
Balance at 31 March 2024 723

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
903 Ordinary A £1 903 903
97 Ordinary B £1 97 97
1,000 1,000