2024-03-01 2025-02-28 false No description of principal activity Capium Accounts Production 1.1 10615460 2024-03-01 2025-02-28 10615460 bus:AbridgedAccounts 2024-03-01 2025-02-28 10615460 bus:FRS102 2024-03-01 2025-02-28 10615460 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 10615460 bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 10615460 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 10615460 2024-03-01 2025-02-28 10615460 2025-02-28 10615460 bus:RegisteredOffice 2024-03-01 2025-02-28 10615460 core:WithinOneYear 2025-02-28 10615460 core:AfterOneYear 2025-02-28 10615460 1 2024-03-01 2025-02-28 10615460 bus:Director1 2024-03-01 2025-02-28 10615460 bus:Director1 2025-02-28 10615460 bus:Director1 2023-03-01 2024-02-29 10615460 bus:Director2 2024-03-01 2025-02-28 10615460 bus:Director2 2025-02-28 10615460 bus:Director2 2023-03-01 2024-02-29 10615460 bus:Director3 2024-03-01 2025-02-28 10615460 bus:Director3 2025-02-28 10615460 bus:Director3 2023-03-01 2024-02-29 10615460 2023-03-01 10615460 bus:LeadAgentIfApplicable 2024-03-01 2025-02-28 10615460 2023-03-01 2024-02-29 10615460 2024-02-29 10615460 core:WithinOneYear 2024-02-29 10615460 core:AfterOneYear 2024-02-29 10615460 bus:EntityAccountantsOrAuditors 2023-03-01 2024-02-29 10615460 bus:OrdinaryShareClass1 2024-03-01 2025-02-28 10615460 bus:OrdinaryShareClass1 2025-02-28 10615460 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 10615460 bus:OrdinaryShareClass1 2024-02-29 10615460 core:MotorCars 2024-03-01 2025-02-28 10615460 core:MotorCars 2025-02-28 10615460 core:MotorCars 2024-02-29 10615460 core:FurnitureFittings 2024-03-01 2025-02-28 10615460 core:FurnitureFittings 2025-02-28 10615460 core:FurnitureFittings 2024-02-29 10615460 core:ComputerEquipment 2024-03-01 2025-02-28 10615460 core:ComputerEquipment 2025-02-28 10615460 core:ComputerEquipment 2024-02-29 10615460 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2025-02-28 10615460 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-02-29 10615460 core:CostValuation core:Non-currentFinancialInstruments 2025-02-28 10615460 core:CostValuation core:Non-currentFinancialInstruments 2024-02-29 10615460 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2025-02-28 10615460 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2025-02-28 10615460 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2025-02-28 10615460 core:Non-currentFinancialInstruments 2025-02-28 10615460 core:Non-currentFinancialInstruments 2024-02-29 10615460 core:ShareCapital 2025-02-28 10615460 core:ShareCapital 2024-02-29 10615460 core:RetainedEarningsAccumulatedLosses 2025-02-28 10615460 core:RetainedEarningsAccumulatedLosses 2024-02-29 10615460 dpl:Item1 2024-03-01 10615460 dpl:Item1 2025-02-28 10615460 dpl:Item1 2023-03-01 10615460 dpl:Item1 2024-02-29 iso4217:GBP xbrli:shares xbrli:pure
Logo On Report
Registered Number: 10615460
England and Wales

 

 

 

COMPASS SKILLS TRAINING LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 March 2024

End date: 28 February 2025
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3 10,824    14,300 
Investments 4 4,395    4,395 
15,219    18,695 
Current assets      
Stocks 95,000    83,412 
Debtors 230,000    127,784 
Cash at bank and in hand 7,268    12,178 
332,268    223,374 
Creditors: amount falling due within one year (244,453)   (173,620)
Net current assets 87,815    49,754 
 
Total assets less current liabilities 103,034    68,449 
Creditors: amount falling due after more than one year (30,549)   (30,990)
Provisions for liabilities (2,057)   (3,399)
Net assets 70,428    34,060 
 

Capital and reserves
     
Called up share capital 5 150    150 
Profit and loss account 70,278    33,910 
Shareholders' funds 70,428    34,060 
 


For the year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 21 May 2025 and were signed on its behalf by:


-------------------------------
Paul Williams
Director
1
General Information
Compass Skills Training Limited is a private company, limited by shares, registered in England and Wales, registration number 10615460, registration address Compass House Cowling Business Park, Canalside, Chorley, Lancashire, PR6 0QL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the year was 18 (2024 : 20).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 March 2024 3,338    11,443    22,352    37,133 
Additions     132    132 
Disposals      
At 28 February 2025 3,338    11,443    22,484    37,265 
Depreciation
At 01 March 2024 2,399    7,152    13,282    22,833 
Charge for year 235    1,073    2,300    3,608 
On disposals      
At 28 February 2025 2,634    8,225    15,582    26,441 
Net book values
Closing balance as at 28 February 2025 704    3,218    6,902    10,824 
Opening balance as at 01 March 2024 939    4,291    9,070    14,300 


4.

Investments

Cost Loans to participating interests   Total
  £   £
At 01 March 2024 4,395    4,395 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 28 February 2025 4,395    4,395 

5.

Share Capital

Authorised
150 Class A shares of £1.00 each
Allotted, called up and fully paid
2025
£
  2024
£
150 Class A shares of £1.00 each 150    150 
150    150 

2