Company Registration No. 10638411 (England and Wales)
Compare By Review Limited
Unaudited accounts
for the period from 1 March 2023 to 27 February 2024
Compare By Review Limited
Unaudited accounts
Contents
Compare By Review Limited
Company Information
for the period from 1 March 2023 to 27 February 2024
Directors
Richard Brenkley
Mark Gordon
Company Number
10638411 (England and Wales)
Registered Office
Saxon House
27 Duke Street
Chelmsford
Essex
CM1 1HT
United Kingdom
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Compare By Review Limited
Statement of financial position
as at 27 February 2024
Intangible assets
761
1,413
Cash at bank and in hand
699
-
Creditors: amounts falling due within one year
(74,086)
(51,973)
Net current (liabilities)/assets
(72,865)
248
Net (liabilities)/assets
(57,104)
17,033
Called up share capital
273,125
273,125
Share premium
100,000
100,000
Profit and loss account
(430,229)
(356,092)
Shareholders' funds
(57,104)
17,033
For the period ending 27 February 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 directors acknowledge their 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 of Directors and authorised for issue on 25 February 2024 and were signed on its behalf by
Richard Brenkley
Director
Company Registration No. 10638411
Compare By Review Limited
Notes to the Accounts
for the period from 1 March 2023 to 27 February 2024
Compare By Review Limited is a private company, limited by shares, registered in England and Wales, registration number 10638411. The registered office is Saxon House, 27 Duke Street, Chelmsford, Essex, CM1 1HT, United Kingdom.
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 period, 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.
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:
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Website development costs Over 5 years
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.
The company had net liabilities of (£57,104) (2023: (£17,033). There are material uncertainties related to events or conditions that may cast significant doubt about the company’s ability to continue as a going concern but in the opinion of the directors the going concern basis remains appropriate.
Compare By Review Limited
Notes to the Accounts
for the period from 1 March 2023 to 27 February 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Computer equipment
6
Investments
Subsidiary undertakings
Valuation at 1 March 2023
15,000
Valuation at 27 February 2024
15,000
Amounts falling due within one year
Accrued income and prepayments
522
496
Compare By Review Limited
Notes to the Accounts
for the period from 1 March 2023 to 27 February 2024
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
832
Amounts owed to group undertakings and other participating interests
33,550
14,249
Taxes and social security
4,951
1,639
Loans from directors
31,965
26,965
9
Average number of employees
During the period the average number of employees was 1 (2023: 4).