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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
Page
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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
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Compare By Review Limited Statement of financial position as at 27 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
761 
1,413 
Tangible assets
- 
372 
Investments
15,000 
15,000 
15,761 
16,785 
Current assets
Debtors
522 
52,221 
Cash at bank and in hand
699 
- 
1,221 
52,221 
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 
Capital and reserves
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
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Compare By Review Limited Notes to the Accounts for the period from 1 March 2023 to 27 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Website development costs Over 5 years
Turnover
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.
Going concern
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.
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Compare By Review Limited Notes to the Accounts for the period from 1 March 2023 to 27 February 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 March 2023
3,260 
At 27 February 2024
3,260 
Amortisation
At 1 March 2023
1,847 
Charge for the period
652 
At 27 February 2024
2,499 
Net book value
At 27 February 2024
761 
At 28 February 2023
1,413 
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 March 2023
3,912 
At 27 February 2024
3,912 
Depreciation
At 1 March 2023
3,540 
Charge for the period
372 
At 27 February 2024
3,912 
Net book value
At 27 February 2024
- 
At 28 February 2023
372 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 March 2023
15,000 
Valuation at 27 February 2024
15,000 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
522 
496 
Other debtors
- 
51,725 
522 
52,221 
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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 
Trade creditors
- 
2,501 
Amounts owed to group undertakings and other participating interests
33,550 
14,249 
Taxes and social security
4,951 
1,639 
Other creditors
1,987 
- 
Loans from directors
31,965 
26,965 
Accruals
1,633 
5,787 
74,086 
51,973 
9
Average number of employees
During the period the average number of employees was 1 (2023: 4).
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