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Company Registration No. 12968151 (England and Wales)
COMPASS PHARMA LTD Unaudited accounts for the year ended 31 December 2024
COMPASS PHARMA LTD Unaudited accounts Contents
Page
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COMPASS PHARMA LTD Company Information for the year ended 31 December 2024
Director
Ms Tracy Pettitt
Company Number
12968151 (England and Wales)
Registered Office
UNIT 51 ROMSEY INDUSTRIAL ESTATE GREATBRIDGE ROAD ROMSEY HAMPSHIRE SO51 0DR ENGLAND
Accountants
Cone Accounting Limited 124 City Road London EC1V 2NX
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COMPASS PHARMA LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
376 
622 
Current assets
Inventories
20,288 
16,389 
Debtors
49,117 
14,505 
Cash at bank and in hand
250 
25,144 
69,655 
56,038 
Creditors: amounts falling due within one year
(79,628)
(37,463)
Net current (liabilities)/assets
(9,973)
18,575 
Total assets less current liabilities
(9,597)
19,197 
Creditors: amounts falling due after more than one year
(395,536)
(250,642)
Net liabilities
(405,133)
(231,445)
Capital and reserves
Called up share capital
84 
84 
Profit and loss account
(405,217)
(231,529)
Shareholders' funds
(405,133)
(231,445)
For the year ending 31 December 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 director acknowledges her 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 26 March 2025 and were signed on its behalf by
Ms Tracy Pettitt Director Company Registration No. 12968151
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COMPASS PHARMA LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
COMPASS PHARMA LTD is a private company, limited by shares, registered in England and Wales, registration number 12968151. The registered office is UNIT 51 ROMSEY INDUSTRIAL ESTATE, GREATBRIDGE ROAD, ROMSEY, HAMPSHIRE, SO51 0DR, 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.
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:
Plant & machinery
Straight Line Method - 20%
Computer equipment
Straight Line Method - 33.33%
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
403 
499 
902 
At 31 December 2024
403 
499 
902 
Depreciation
At 1 January 2024
60 
220 
280 
Charge for the year
80 
166 
246 
At 31 December 2024
140 
386 
526 
Net book value
At 31 December 2024
263 
113 
376 
At 31 December 2023
343 
279 
622 
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COMPASS PHARMA LTD Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
5,920 
5,911 
Trade debtors
21,500 
1,873 
Accrued income and prepayments
21,697 
6,721 
49,117 
14,505 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
74,296 
32,938 
Taxes and social security
3,656 
1,991 
Other creditors
195 
600 
Loans from directors
1,102 
1,374 
Accruals
379 
560 
79,628 
37,463 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
395,536 
250,642 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
84 Ordinary shares of £1 each
84 
84 
9
Average number of employees
During the year the average number of employees was 3 (2023: 2).
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