1 September 2023 false No description of principal activity Taxfiler 2024.6 true 07746209business:PrivateLimitedCompanyLtd2023-09-012024-08-31 077462092023-08-31 077462092023-09-012024-08-31 07746209business:AuditExemptWithAccountantsReport2023-09-012024-08-31 07746209business:FilletedAccounts2023-09-012024-08-31 077462092024-08-31 07746209business:Director12023-09-012024-08-31 07746209business:Director22023-09-012024-08-31 07746209business:RegisteredOffice2023-09-012024-08-31 077462092023-08-31 07746209core:WithinOneYear2024-08-31 07746209core:WithinOneYear2023-08-31 07746209core:AfterOneYear2024-08-31 07746209core:AfterOneYear2023-08-31 07746209core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 07746209core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 07746209core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 07746209core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 07746209core:PreviouslyStatedAmount2024-08-31 07746209core:PreviouslyStatedAmount2023-08-31 07746209business:SmallEntities2023-09-012024-08-31 07746209countries:EnglandWales2023-09-012024-08-31 07746209core:LandBuildings2023-09-012024-08-31 07746209core:PlantMachinery2023-09-012024-08-31 07746209core:MotorVehicles2023-09-012024-08-31 07746209core:FurnitureFittings2023-09-012024-08-31 07746209core:ComputerEquipment2023-09-012024-08-31 07746209core:LandBuildings2023-08-31 07746209core:PlantMachinery2023-08-31 07746209core:MotorVehicles2023-08-31 07746209core:FurnitureFittings2023-08-31 07746209core:ComputerEquipment2023-08-31 07746209core:LandBuildings2024-08-31 07746209core:PlantMachinery2024-08-31 07746209core:MotorVehicles2024-08-31 07746209core:FurnitureFittings2024-08-31 07746209core:ComputerEquipment2024-08-31 07746209business:OrdinaryShareClass12023-09-012024-08-31 07746209business:OrdinaryShareClass12022-09-012023-08-31 077462092022-09-012023-08-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07746209 (England and Wales)
Secret Compass Ltd Unaudited accounts for the year ended 31 August 2024
Secret Compass Ltd Unaudited accounts Contents
Page
- 2 -
Secret Compass Ltd Company Information for the year ended 31 August 2024
Directors
T Bodkin B J Major
Company Number
07746209 (England and Wales)
Registered Office
14 WHITEHOUSE STREET BRISTOL BS3 4AY
Accountants
Dalesway Accountancy Services Ltd Stoneycroft Linton Skipton North Yorkshire BD23 5HH
- 3 -
Secret Compass Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
101,105 
98,418 
Investments
5,120 
5,120 
106,225 
103,538 
Current assets
Inventories
114,802 
82,297 
Debtors
861,127 
1,039,679 
Cash at bank and in hand
754,097 
671,505 
1,730,026 
1,793,481 
Creditors: amounts falling due within one year
(655,272)
(820,473)
Net current assets
1,074,754 
973,008 
Total assets less current liabilities
1,180,979 
1,076,546 
Creditors: amounts falling due after more than one year
(109,219)
(38,333)
Net assets
1,071,760 
1,038,213 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,071,660 
1,038,113 
Shareholders' funds
1,071,760 
1,038,213 
For the year ending 31 August 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 3 March 2025 and were signed on its behalf by
T Bodkin Director Company Registration No. 07746209
- 4 -
Secret Compass Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Secret Compass Ltd is a private company, limited by shares, registered in England and Wales, registration number 07746209. The registered office is 14 WHITEHOUSE STREET, BRISTOL, BS3 4AY.
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.
Going concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern, which the director considers appropriate.
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:
Land & buildings
20 years straight line
Plant & machinery
3 years straight line
Motor vehicles
5 years reducing balance
Fixtures & fittings
10 years straight line
Computer equipment
3 years straight line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Presentation currency
The accounts are presented in £ sterling.
- 5 -
Secret Compass Ltd Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
6,668 
124,793 
19,757 
14,500 
33,000 
198,718 
Additions
- 
599 
33,000 
- 
11,649 
45,248 
Disposals
- 
(3,331)
- 
- 
- 
(3,331)
At 31 August 2024
6,668 
122,061 
52,757 
14,500 
44,649 
240,635 
Depreciation
At 1 September 2023
1,196 
80,999 
16,141 
1,000 
964 
100,300 
Charge for the year
333 
23,771 
3,559 
1,450 
10,117 
39,230 
At 31 August 2024
1,529 
104,770 
19,700 
2,450 
11,081 
139,530 
Net book value
At 31 August 2024
5,139 
17,291 
33,057 
12,050 
33,568 
101,105 
At 31 August 2023
5,472 
43,794 
3,616 
13,500 
32,036 
98,418 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 September 2023
5,120 
Valuation at 31 August 2024
5,120 
6
Inventories
2024 
2023 
£ 
£ 
Finished goods
114,802 
82,297 
114,802 
82,297 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
370,896 
485,546 
Accrued income and prepayments
112,013 
143,948 
Other debtors
43,803 
56,948 
526,712 
686,442 
Amounts falling due after more than one year
Other debtors
334,415 
353,237 
- 6 -
Secret Compass Ltd Notes to the Accounts for the year ended 31 August 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
41,243 
28,133 
VAT
268,847 
176,770 
Trade creditors
205,843 
368,769 
Taxes and social security
44,470 
27,884 
Other creditors
50 
51,612 
Loans from directors
3,733 
1,621 
Accruals
67,223 
66,938 
Deferred income
23,863 
98,746 
655,272 
820,473 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
109,219 
38,333 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
11
Transactions with related parties
Loans of £334,773 have been extended to Base Adventure Media Ltd, a company of which Secret Compass Ltd is a shareholder, and of which Mr T Bodkin is also a director. The loan is repayable on demand and interest will be charged. Loans totalling £9,959 were extended to Base Film Productions Ltd, a company of which Secret Compass Ltd is a shareholder, and of which Mr T Bodkin is a director and have been written off in the year as the company has ceased trading and been struck off the Companies House register.
12
Average number of employees
During the year the average number of employees was 20 (2023: 19).
- 7 -