Registered number
10879668
COMPASS CONSTRUCTION GROUP LTD
Filleted Accounts
31 July 2024
COMPASS CONSTRUCTION GROUP LTD
Registered number: 10879668
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,404 1,755
Current assets
Debtors 4 6,639 26,129
Cash at bank and in hand 65,010 46,227
71,649 72,356
Creditors: amounts falling due within one year 5 (69,784) (60,828)
Net current assets 1,865 11,528
Total assets less current liabilities 3,269 13,283
Creditors: amounts falling due after more than one year 6 (7,330) (11,339)
Net (liabilities)/assets (4,061) 1,944
Capital and reserves
Called up share capital 100 100
Profit and loss account (4,161) 1,844
Shareholders' funds (4,061) 1,944
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Mather
Director
Approved by the board on 16 April 2025
COMPASS CONSTRUCTION GROUP LTD
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and equipment 20% on the reducing balance basis
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and equipment
£
Cost
At 1 August 2023 6,695
At 31 July 2024 6,695
Depreciation
At 1 August 2023 4,940
Charge for the year 351
At 31 July 2024 5,291
Net book value
At 31 July 2024 1,404
At 31 July 2023 1,755
4 Debtors 2024 2023
£ £
Trade debtors 6,639 26,129
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors and accruals 17,585 21,760
Deferred income 24,404 -
Taxation 26,432 37,189
Directors' loan accounts 1,363 1,879
69,784 60,828
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan 7,330 11,339
7 Other information
COMPASS CONSTRUCTION GROUP LTD is a private company limited by shares and incorporated in England. Its registered office is:
Burnside
Ellel
Lancaster
LA2 0QG
COMPASS CONSTRUCTION GROUP LTD 10879668 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts April 2024 S Mather No description of principal activity 10879668 2022-08-01 2023-07-31 10879668 core:WithinOneYear 2023-07-31 10879668 core:AfterOneYear 2023-07-31 10879668 core:ShareCapital 2023-07-31 10879668 core:RetainedEarningsAccumulatedLosses 2023-07-31 10879668 2023-08-01 2024-07-31 10879668 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10879668 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 10879668 bus:Director40 2023-08-01 2024-07-31 10879668 core:PlantMachinery 2023-08-01 2024-07-31 10879668 countries:England 2023-08-01 2024-07-31 10879668 bus:FRS102 2023-08-01 2024-07-31 10879668 bus:FilletedAccounts 2023-08-01 2024-07-31 10879668 2024-07-31 10879668 core:WithinOneYear 2024-07-31 10879668 core:AfterOneYear 2024-07-31 10879668 core:ShareCapital 2024-07-31 10879668 core:RetainedEarningsAccumulatedLosses 2024-07-31 10879668 core:PlantMachinery 2024-07-31 10879668 2023-07-31 10879668 core:PlantMachinery 2023-07-31 iso4217:GBP xbrli:pure