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REGISTERED NUMBER: 08398453 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

COMPIO LIMITED

COMPIO LIMITED (REGISTERED NUMBER: 08398453)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COMPIO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: R Davies





REGISTERED OFFICE: 6 Red Barn Mews
Battle
East Sussex
TN33 0AG





REGISTERED NUMBER: 08398453 (England and Wales)





ACCOUNTANTS: Xeinadin
2 Upperton Gardens
Eastbourne
East Sussex
BN21 2AH

COMPIO LIMITED (REGISTERED NUMBER: 08398453)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,615 4,682

CURRENT ASSETS
Stocks 1,185 5,294
Debtors 5 80,236 50,070
Cash at bank 66,884 77,857
148,305 133,221
CREDITORS
Amounts falling due within one year 6 91,872 92,628
NET CURRENT ASSETS 56,433 40,593
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,048

45,275

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 60,848 45,075
SHAREHOLDERS' FUNDS 61,048 45,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 31 October 2024 and were signed by:





R Davies - Director


COMPIO LIMITED (REGISTERED NUMBER: 08398453)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Compio 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.

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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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 has not been recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. The directors do not believe that this is necessary and accept this accounting treatment does not comply with Financial Reporting Standard 102.

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 5 (2023 - 5 ) .

COMPIO LIMITED (REGISTERED NUMBER: 08398453)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023 1,598 28,026 29,624
Additions - 2,224 2,224
At 29 February 2024 1,598 30,250 31,848
DEPRECIATION
At 1 March 2023 1,241 23,701 24,942
Charge for year 89 2,202 2,291
At 29 February 2024 1,330 25,903 27,233
NET BOOK VALUE
At 29 February 2024 268 4,347 4,615
At 28 February 2023 357 4,325 4,682

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,532 48,661
Prepayments and accrued income 49,704 1,409
80,236 50,070

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,485 11,301
Tax 13,277 11,286
Social security and other taxes 3,648 3,930
VAT 16,118 14,410
Other creditors 855 1,084
Compio Enterprises Ltd 33,792 49,000
Directors' current accounts 1,697 1,617
91,872 92,628

COMPIO LIMITED (REGISTERED NUMBER: 08398453)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
R Davies
Balance outstanding at start of year 1,617 2,894
Amounts advanced 1,697 1,616
Amounts repaid (1,617 ) (2,893 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,697 1,617

8. RELATED PARTY DISCLOSURES

During the year the Company traded with Compio Enterprises Ltd, a Company controlled by common Directorate.


29.2.24 28.2.23
£ £
Services provided during the year 137,500 115,000

Balance outstanding at year end 8,792 49,000

9. ULTIMATE CONTROLLING PARTY

The controlling party is R Davies.