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REGISTERED NUMBER: 06250506 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Compass Consultancy Ltd

Compass Consultancy Ltd (Registered number: 06250506)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Compass Consultancy Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: M C Cailes





SECRETARY: M C Cailes





REGISTERED OFFICE: Marcaida Harwich Road
Wix
Manningtree
Essex
CO11 2RY





REGISTERED NUMBER: 06250506 (England and Wales)





ACCOUNTANTS: Goody Chartered Accountants and Tax Advisors
Unit 8 Old Forge Court
Colchester Road
Elmstead Market
Colchester
Essex
CO7 7EA

Compass Consultancy Ltd (Registered number: 06250506)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 261,996 261,718
Investments 5 5,460 86,530
267,456 348,248

CURRENT ASSETS
Debtors 6 59,745 247
Cash at bank 101,421 89,346
161,166 89,593
CREDITORS
Amounts falling due within one year 7 3,047 4,520
NET CURRENT ASSETS 158,119 85,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

425,575

433,321

CREDITORS
Amounts falling due after more than one
year

8

(185,974

)

(185,974

)

PROVISIONS FOR LIABILITIES - (406 )
NET ASSETS 239,601 246,941

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 238,601 245,941
SHAREHOLDERS' FUNDS 239,601 246,941

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Compass Consultancy Ltd (Registered number: 06250506)

Balance Sheet - continued
31 May 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 17 October 2024 and were signed by:





M C Cailes - Director


Compass Consultancy Ltd (Registered number: 06250506)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Compass Consultancy Ltd 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.

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 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.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Compass Consultancy Ltd (Registered number: 06250506)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 263,297 12,963 276,260
Additions - 1,083 1,083
At 31 May 2024 263,297 14,046 277,343
DEPRECIATION
At 1 June 2023 3,518 11,024 14,542
Charge for year 50 755 805
At 31 May 2024 3,568 11,779 15,347
NET BOOK VALUE
At 31 May 2024 259,729 2,267 261,996
At 31 May 2023 259,779 1,939 261,718

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023 86,530
Additions 32,516
Disposals (113,586 )
At 31 May 2024 5,460
NET BOOK VALUE
At 31 May 2024 5,460
At 31 May 2023 86,530

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 59,745 247

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 962 2,380
Other creditors 2,085 2,140
3,047 4,520

Compass Consultancy Ltd (Registered number: 06250506)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 185,974 185,974