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REGISTERED NUMBER: 08747553 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

COMPARISON SYSTEMS LTD

COMPARISON SYSTEMS LTD (REGISTERED NUMBER: 08747553)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COMPARISON SYSTEMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: C T Brown
G R Pestell
A Greenbaum





REGISTERED OFFICE: 5 - 9 Eden Street
Kingston Upon Thames
Surrey
KT1 1BQ





REGISTERED NUMBER: 08747553 (England and Wales)





ACCOUNTANTS: Collards
Chartered Accountants
5-9 Eden Street
Kingston-upon-Thames
Surrey
KT1 1BQ

COMPARISON SYSTEMS LTD (REGISTERED NUMBER: 08747553)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 426,098 539,154
Cash at bank 221,966 407,245
648,064 946,399
CREDITORS
Amounts falling due within one year 5 459,438 472,212
NET CURRENT ASSETS 188,626 474,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,626

474,187

CREDITORS
Amounts falling due after more than one year 6 196,998 298,123
NET (LIABILITIES)/ASSETS (8,372 ) 176,064

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 7 59,940 59,940
Retained earnings 7 (68,512 ) 115,924
SHAREHOLDERS' FUNDS (8,372 ) 176,064

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





G R Pestell - Director


COMPARISON SYSTEMS LTD (REGISTERED NUMBER: 08747553)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Comparison Systems 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,964 -
Tax 11,340 -
Prepayments and accrued income 381,794 539,154
426,098 539,154

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 101,216 95,355
Other loans 40,000 70,000
Trade creditors 158,620 193,336
Tax - 11,340
VAT 109,252 80,036
Other creditors - 1,560
Directors' current accounts 12,480 14,177
Accrued expenses 37,870 6,408
459,438 472,212

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 196,998 298,123

COMPARISON SYSTEMS LTD (REGISTERED NUMBER: 08747553)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

7. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 November 2023 115,924 59,940 175,864
Deficit for the year (184,436 ) (184,436 )
At 31 October 2024 (68,512 ) 59,940 (8,572 )