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Company Registration No. 14138904 (England and Wales)
Compass Building Services Limited Unaudited accounts for the year ended 30 June 2024
Compass Building Services Limited Unaudited accounts Contents
Page
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Compass Building Services Limited Company Information for the year ended 30 June 2024
Directors
Luke Stephen Baker Glyn Stephen Baker
Company Number
14138904 (England and Wales)
Registered Office
6 Weavers Close West Moors Ferndown Dorset BH22 0PG England
Accountants
SH Accounting Solutions Ltd Office 1, 319a Holdenhurst Road Bournemouth BH8 8BT
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Compass Building Services Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,595 
6,569 
Current assets
Debtors
19,991 
11,949 
Cash at bank and in hand
88,172 
61,755 
108,163 
73,704 
Creditors: amounts falling due within one year
(98,336)
(80,170)
Net current assets/(liabilities)
9,827 
(6,466)
Total assets less current liabilities
35,422 
103 
Provisions for liabilities
Deferred tax
(5,298)
- 
Net assets
30,124 
103 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
30,024 
3 
Shareholders' funds
30,124 
103 
For the year ending 30 June 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 12 March 2025 and were signed on its behalf by
Luke Stephen Baker Director Company Registration No. 14138904
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Compass Building Services Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Compass Building Services Limited is a private company, limited by shares, registered in England and Wales, registration number 14138904. The registered office is 6 Weavers Close, West Moors, Ferndown, Dorset, BH22 0PG, England.
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.
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.
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:
Motor vehicles
20% Reducing balance method
Computer equipment
33% Straight line method
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Compass Building Services Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
7,000 
345 
7,345 
Additions
20,833 
321 
21,154 
At 30 June 2024
27,833 
666 
28,499 
Depreciation
At 1 July 2023
700 
76 
776 
Charge for the year
1,954 
174 
2,128 
At 30 June 2024
2,654 
250 
2,904 
Net book value
At 30 June 2024
25,179 
416 
25,595 
At 30 June 2023
6,300 
269 
6,569 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,212 
9,595 
Accrued income and prepayments
1,271 
266 
Other debtors
5,508 
2,088 
19,991 
11,949 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
9,777 
11,565 
Taxes and social security
15,079 
569 
Other creditors
73,165 
67,670 
Accruals
315 
366 
98,336 
80,170 
7
Transactions with related parties
During the year, the company made the following related party transactions: Director's During the year, the director's received loans of £34,250 and repaid a total of £39,770. At the balance sheet date, the amount owed to the director's was £48,140 (2023 - £42,620). This is an interest free loan from the director's and repayable on demand.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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