Company registration number 12239956 (England and Wales)
TRY COMPARE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
TRY COMPARE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
TRY COMPARE LTD (REGISTERED NUMBER: 12239956)
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
44,214
61,151
Tangible assets
4
18,959
42,007
63,173
103,158
Current assets
Debtors
5
64,863
108,087
Cash at bank and in hand
121,089
103,295
185,952
211,382
Creditors: amounts falling due within one year
6
(38,199)
(53,734)
Net current assets
147,753
157,648
Net assets
210,926
260,806
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
210,826
260,706
Total equity
210,926
260,806
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 6 June 2025
Mr T D French-Dent
Director
TRY COMPARE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information
Try Compare Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 5 Tyler Road, Staplehurst, Kent, TN12 0GV.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.
1.4
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Website development costs
20% straight line
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
20% straight line
Fixtures and fittings
25% reducing balance
Computers
33% straight line
Motor vehicles
25% reducing balance
TRY COMPARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 3 -
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Intangible fixed assets
Website development costs
£
Cost
At 1 November 2023 and 31 October 2024
84,684
Amortisation and impairment
At 1 November 2023
23,533
Amortisation charged for the year
16,937
At 31 October 2024
40,470
Carrying amount
At 31 October 2024
44,214
At 31 October 2023
61,151
TRY COMPARE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 4 -
4
Tangible fixed assets
Leasehold land and buildings
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 November 2023
11,360
22,703
24,148
29,539
87,750
Additions
3,371
3,371
Disposals
(29,539)
(29,539)
At 31 October 2024
11,360
22,703
27,519
61,582
Depreciation and impairment
At 1 November 2023
6,248
7,439
16,709
15,347
45,743
Depreciation charged in the year
2,840
3,816
5,571
12,227
Eliminated in respect of disposals
(15,347)
(15,347)
At 31 October 2024
9,088
11,255
22,280
42,623
Carrying amount
At 31 October 2024
2,272
11,448
5,239
18,959
At 31 October 2023
5,112
15,264
7,439
14,192
42,007
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
63,493
107,684
Other debtors
1,370
403
64,863
108,087
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
17,402
27,208
Taxation and social security
18,200
17,446
Other creditors
2,597
9,080
38,199
53,734