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Company Registration No. 03059657 (England and Wales)
COMPASS POINT RECRUITMENT LIMITED Unaudited accounts for the year ended 31 May 2024
COMPASS POINT RECRUITMENT LIMITED Unaudited accounts Contents
Page
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COMPASS POINT RECRUITMENT LIMITED Company Information for the year ended 31 May 2024
Directors
Mrs Rebecca Thelma Thurlow Mr Simon Mark Sainsbury
Company Number
03059657 (England and Wales)
Registered Office
ABBEYGATE HOUSE ST ANDREWS STREET SOUTH BURY ST EDMUNDS SUFFOLK IP33 3PW
Accountants
ABBEYGATE ACCOUNTANCY LTD UNIT 27 STATION HILL THURSTON BURY ST. EDMUNDS ENGLAND IP31 3QU
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COMPASS POINT RECRUITMENT LIMITED Accountants' report
Accountants' report to the board of directors of COMPASS POINT RECRUITMENT LIMITED (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 May 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 May 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
ABBEYGATE ACCOUNTANCY LTD UNIT 27 STATION HILL THURSTON BURY ST. EDMUNDS ENGLAND IP31 3QU 7 February 2025
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COMPASS POINT RECRUITMENT LIMITED Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,719 
10,644 
Current assets
Debtors
56,937 
83,554 
Cash at bank and in hand
68,757 
218,204 
125,694 
301,758 
Creditors: amounts falling due within one year
(28,025)
(50,715)
Net current assets
97,669 
251,043 
Total assets less current liabilities
103,388 
261,687 
Creditors: amounts falling due after more than one year
(140,833)
(190,833)
Net (liabilities)/assets
(37,445)
70,854 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(38,445)
69,854 
Shareholders' funds
(37,445)
70,854 
For the year ending 31 May 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 26 February 2025 and were signed on its behalf by
Mrs Rebecca Thelma Thurlow Director Company Registration No. 03059657
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COMPASS POINT RECRUITMENT LIMITED Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
COMPASS POINT RECRUITMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03059657. The registered office is ABBEYGATE HOUSE, ST ANDREWS STREET SOUTH, BURY ST EDMUNDS, SUFFOLK, IP33 3PW.
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 year, 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:
Plant & machinery
20% on cost
Fixtures & fittings
20% on cost
Computer equipment
25% on cost
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
8,052 
265,378 
5,289 
278,719 
Additions
- 
745 
1,454 
2,199 
At 31 May 2024
8,052 
266,123 
6,743 
280,918 
Depreciation
At 1 June 2023
8,052 
259,070 
953 
268,075 
Charge for the year
- 
5,584 
1,540 
7,124 
At 31 May 2024
8,052 
264,654 
2,493 
275,199 
Net book value
At 31 May 2024
- 
1,469 
4,250 
5,719 
At 31 May 2023
- 
6,308 
4,336 
10,644 
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COMPASS POINT RECRUITMENT LIMITED Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
55,110 
57,657 
Accrued income and prepayments
1,827 
2,733 
Other debtors
- 
23,164 
56,937 
83,554 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
1,602 
1,430 
VAT
16,065 
29,459 
Trade creditors
6,900 
12,070 
Taxes and social security
19,546 
34,799 
Other creditors
1,460 
- 
Loans from directors
(40,155)
(43,280)
Accruals
22,607 
16,237 
28,025 
50,715 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
140,833 
190,833 
8
Average number of employees
During the year the average number of employees was 7 (2023: 11).
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