Company Registration No. 11165652 (England and Wales)
COMPASS TECHNICAL LIMITED
Unaudited accounts
for the year ended 31 January 2025
COMPASS TECHNICAL LIMITED
Unaudited accounts
Contents
COMPASS TECHNICAL LIMITED
Statement of financial position
as at 31 January 2025
Tangible assets
8,000
8,000
Cash at bank and in hand
(1,565)
5,727
Creditors: amounts falling due within one year
(59,326)
(53,332)
Net current assets
16,047
14,905
Total assets less current liabilities
24,047
22,905
Creditors: amounts falling due after more than one year
(11,827)
(19,939)
Called up share capital
2
2
Profit and loss account
12,218
2,964
Shareholders' funds
12,220
2,966
For the year ending 31 January 2025 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 director acknowledges his 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 and authorised for issue on 18 April 2025 and were signed on its behalf by
Mr Robert Brunt
Director
Company Registration No. 11165652
COMPASS TECHNICAL LIMITED
Notes to the Accounts
for the year ended 31 January 2025
COMPASS TECHNICAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11165652. The registered office is 1 Youlden Drive, Camberley, Surrey, GU15 1AP, United Kingdom.
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:
Motor vehicles
Classic motor vehicles are held at cost without depreciation.
4
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
Trade debtors
63,979
29,151
COMPASS TECHNICAL LIMITED
Notes to the Accounts
for the year ended 31 January 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
27,556
-
Taxes and social security
31,767
35,795
7
Creditors: amounts falling due after more than one year
2025
2024
The Directors loans were fully repaid at the date of the accounts
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).