Acorah Software Products - Accounts Production 14.5.601 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 09046495 Mr Khurim Iqbal Mrs Amy Melanie Van Der Merwe iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09046495 2023-05-31 09046495 2024-05-31 09046495 2023-06-01 2024-05-31 09046495 frs-core:CurrentFinancialInstruments 2024-05-31 09046495 frs-core:Non-currentFinancialInstruments 2024-05-31 09046495 frs-core:FurnitureFittings 2024-05-31 09046495 frs-core:FurnitureFittings 2023-06-01 2024-05-31 09046495 frs-core:FurnitureFittings 2023-05-31 09046495 frs-core:MotorVehicles 2024-05-31 09046495 frs-core:MotorVehicles 2023-06-01 2024-05-31 09046495 frs-core:MotorVehicles 2023-05-31 09046495 frs-core:ShareCapital 2024-05-31 09046495 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 09046495 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09046495 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 09046495 frs-bus:SmallEntities 2023-06-01 2024-05-31 09046495 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09046495 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09046495 frs-bus:Director1 2023-06-01 2024-05-31 09046495 frs-bus:Director2 2023-06-01 2024-05-31 09046495 frs-countries:EnglandWales 2023-06-01 2024-05-31 09046495 2022-05-31 09046495 2023-05-31 09046495 2022-06-01 2023-05-31 09046495 frs-core:CurrentFinancialInstruments 2023-05-31 09046495 frs-core:Non-currentFinancialInstruments 2023-05-31 09046495 frs-core:ShareCapital 2023-05-31 09046495 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 09046495
Comparo Energy Limited
Financial Statements
For The Year Ended 31 May 2024
Accountancy Services
79 Market Street
Farnworth
Bolton
BL4 7NS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09046495
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 84,970 94,411
84,970 94,411
CURRENT ASSETS
Cash at bank and in hand 41,295 52,063
41,295 52,063
Creditors: Amounts Falling Due Within One Year 5 (6,686 ) (2,957 )
NET CURRENT ASSETS (LIABILITIES) 34,609 49,106
TOTAL ASSETS LESS CURRENT LIABILITIES 119,579 143,517
Creditors: Amounts Falling Due After More Than One Year 6 (46,421 ) (48,527 )
NET ASSETS 73,158 94,990
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 73,058 94,890
SHAREHOLDERS' FUNDS 73,158 94,990
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Khurim Iqbal
Director
24/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Comparo Energy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09046495 . The registered office is 6th and 7th Floor, 120 Bark Street, Bolton, BL1 2AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 10 % reducing balance basis
Fixtures & Fittings 10% reducing balance basis
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 86,500 22,010 108,510
As at 31 May 2024 86,500 22,010 108,510
Depreciation
As at 1 June 2023 8,650 5,449 14,099
Provided during the period 7,785 1,656 9,441
As at 31 May 2024 16,435 7,105 23,540
Net Book Value
As at 31 May 2024 70,065 14,905 84,970
As at 1 June 2023 77,850 16,561 94,411
Page 3
Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
VAT 3,802 1,622
Accruals and deferred income 400 400
Directors' loan accounts 2,484 935
6,686 2,957
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 46,421 48,527
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4