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
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
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
COMPASS POINT RECRUITMENT LIMITED
Statement of financial position
as at 31 May 2024
Tangible assets
5,719
10,644
Cash at bank and in hand
68,757
218,204
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
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
COMPASS POINT RECRUITMENT LIMITED
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
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:
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
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
At 31 May 2024
-
1,469
4,250
5,719
At 31 May 2023
-
6,308
4,336
10,644
COMPASS POINT RECRUITMENT LIMITED
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
55,110
57,657
Accrued income and prepayments
1,827
2,733
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,602
1,430
Trade creditors
6,900
12,070
Taxes and social security
19,546
34,799
Loans from directors
(40,155)
(43,280)
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).