Company Registration No. 13828290 (England and Wales)
COMPASS ROSE CARS LTD
Unaudited accounts
for the year ended 31 January 2024
COMPASS ROSE CARS LTD
Unaudited accounts
Contents
COMPASS ROSE CARS LTD
Company Information
for the year ended 31 January 2024
Director
Sarah Rose Philips
Company Number
13828290 (England and Wales)
Registered Office
133 ENFIELD ROAD
HUNT END
REDDITCH
B97 5NF
ENGLAND
Accountants
AC Counts & Services Ltd
Office 42
Imex Business Centre, Oxleasow Road
Redditch
Worcestershire
B98 0RE
COMPASS ROSE CARS LTD
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
-
989
Creditors: amounts falling due within one year
(1,889)
(978)
Net current assets
437
201
Called up share capital
100
100
Profit and loss account
337
101
Shareholders' funds
437
201
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 her 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 7 October 2024 and were signed on its behalf by
Sarah Rose Philips
Director
Company Registration No. 13828290
COMPASS ROSE CARS LTD
Notes to the Accounts
for the year ended 31 January 2024
COMPASS ROSE CARS LTD is a private company, limited by shares, registered in England and Wales, registration number 13828290. The registered office is 133 ENFIELD ROAD, HUNT END, REDDITCH, B97 5NF, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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.
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated her support will continue for the foreseeable future.
Amounts falling due after more than one year
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
56
258
Loans from directors
1,113
-
COMPASS ROSE CARS LTD
Notes to the Accounts
for the year ended 31 January 2024
6
Transactions with related parties
At the year end (2024) there was £1,113 owed to Director Mr Crawford Phillips.
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).