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Company Registration No. 13557107 (England and Wales)
Compdoor Limited Unaudited accounts for the year ended 31 May 2024
Compdoor Limited Unaudited accounts Contents
Page
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Compdoor Limited Company Information for the year ended 31 May 2024
Director
Andrew Nurse
Company Number
13557107 (England and Wales)
Registered Office
DENMARK HOUSE 143 HIGH STREET CHALFONT ST. PETER GERRARDS CROSS SL9 9QL ENGLAND
Accountants
Lane Accounting Limited Denmark House, 143 High St, Chalfont St Peter, Gerrards Cross Buckinghamshire SL9 9QL
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Compdoor Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
981,209 
567,547 
Current assets
Inventories
708,472 
519,849 
Debtors
1,753,341 
825,469 
Cash at bank and in hand
66,437 
40,930 
2,528,250 
1,386,248 
Creditors: amounts falling due within one year
(2,268,116)
(1,206,820)
Net current assets
260,134 
179,428 
Total assets less current liabilities
1,241,343 
746,975 
Creditors: amounts falling due after more than one year
(536,693)
(1,091,082)
Net assets/(liabilities)
704,650 
(344,107)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
703,650 
(345,107)
Shareholders' funds
704,650 
(344,107)
For the year ending 31 May 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.
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 26 July 2024 and were signed on its behalf by
Andrew Nurse Director Company Registration No. 13557107
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Compdoor Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Compdoor Limited is a private company, limited by shares, registered in England and Wales, registration number 13557107. The registered office is DENMARK HOUSE 143 HIGH STREET, CHALFONT ST. PETER, GERRARDS CROSS, SL9 9QL, ENGLAND.
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 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.
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:
Land & buildings
10% of Cost
Plant & machinery
10% of Cost
Motor vehicles
25% of Cost
Fixtures & fittings
10% of Cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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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Compdoor Limited Notes to the Accounts for the year ended 31 May 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 June 2023
106,285 
504,940 
52,995 
74,150 
738,370 
Additions
34,061 
347,709 
218,840 
28,809 
629,419 
Disposals
- 
(11,301)
(12,995)
- 
(24,296)
At 31 May 2024
140,346 
841,348 
258,840 
102,959 
1,343,493 
Depreciation
At 1 June 2023
16,355 
121,905 
16,497 
16,066 
170,823 
Charge for the year
14,035 
112,872 
67,959 
10,296 
205,162 
On disposals
- 
(3,955)
(9,746)
- 
(13,701)
At 31 May 2024
30,390 
230,822 
74,710 
26,362 
362,284 
Net book value
At 31 May 2024
109,956 
610,526 
184,130 
76,597 
981,209 
At 31 May 2023
89,930 
383,035 
36,498 
58,084 
567,547 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,751,639 
729,854 
Accrued income and prepayments
- 
95,615 
Other debtors
1,702 
- 
1,753,341 
825,469 
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Compdoor Limited Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
641,251 
511,173 
VAT
241,844 
84,457 
Obligations under finance leases and hire purchase contracts
41,215 
- 
Trade creditors
1,287,190 
567,277 
Taxes and social security
49,921 
29,063 
Other creditors
5,360 
13,535 
Accruals
1,335 
1,315 
2,268,116 
1,206,820 
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £682,466 (2023 £511,173). The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
63,839 
- 
Amounts owed to group undertakings and other participating interests
472,854 
1,091,082 
536,693 
1,091,082 
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £63,839 (2023 £0). The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
940 A Ordinary shares of £1 each
940 
940 
60 B Ordinary shares of £1 each
60 
60 
1,000 
1,000 
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Compdoor Limited Notes to the Accounts for the year ended 31 May 2024
9
Transactions with related parties
During the year the company purchased goods totalling £54,083 from SGG Manufacturing Ltd. and has £15,421 owing in Trade creditors at the year end. Mr Nurse is a director of both companies. During the year the company purchased goods totalling £11,657 from UK Doors Online Ltd. and has £0 owing in Trade creditors at the year end. Mr Nurse is a director of both companies. At 31 May 2024 the company owed Alunet Systems Ltd £461,940. Mr Nurse is a director in both companies. At 31 May 2024 the company owed JD (UK) Ltd £6,799. Mr Nurse is a director in both companies. At 31 May 2024 the company owed SGG Manufacturing Ltd £4,115. Mr Nurse is a director in both companies. During the year the company sold goods totalling £23,537 to SGG Manufacturing Ltd. and is owed £10,071 in Trade Debtors at the year end. Mr Nurse is a director of both companies. During the year the company purchased services totalling £18,000 from JDUK Investments Ltd. and owed £5,000 at the year end. this is included in Trade creditors. Mr Nurse is a director of both companies.
10
Average number of employees
During the year the average number of employees was 70 (2023: 47).
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