1 January 2024 v2025.31.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP138224582024-01-012024-12-31138224582024-12-31138224582023-12-3113822458core:WithinOneYear2024-12-3113822458core:WithinOneYear2023-12-3113822458core:ShareCapital2024-12-3113822458core:ShareCapital2023-12-3113822458core:RetainedEarningsAccumulatedLosses2024-12-3113822458core:RetainedEarningsAccumulatedLosses2023-12-3113822458bus:Director12024-01-012024-12-3113822458bus:RegisteredOffice2024-01-012024-12-3113822458core:OfficeEquipment2024-01-012024-12-3113822458core:FurnitureFittings2024-01-012024-12-31138224582024-01-01138224582023-01-012023-12-3113822458countries:EnglandWales2024-01-012024-12-3113822458bus:AuditExempt-NoAccountantsReport2024-01-012024-12-3113822458bus:PrivateLimitedCompanyLtd2024-01-012024-12-3113822458bus:SmallEntities2024-01-012024-12-3113822458bus:AbridgedAccounts2024-01-012024-12-31
Company registration number:
13822458
Competensea Limited
Unaudited Filleted Abridged Financial Statements for the year ended
31 December 2024
Competensea Limited
Abridged Statement of Financial Position
31 December 2024
20242023
Note££
Fixed assets    
Tangible assets 5
1,541
 
2,436
 
Current assets    
Debtors
15,726
 
28,042
 
Cash at bank and in hand
8,876
 
38,342
 
24,602
 
66,384
 
Creditors: amounts falling due within one year
(10,000
)
(19,495
)
Net current assets
14,602
 
46,889
 
Total assets less current liabilities 16,143   49,325  
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
16,142
 
49,324
 
Shareholders funds
16,143
 
49,325
 
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.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.
All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended
31 December 2024
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
23 May 2025
, and are signed on behalf of the board by:
Mr J Gahnstrom
Director
Company registration number:
13822458
Competensea Limited
Notes to the Abridged Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
1a Sydney Street
,
Brighton
, ,
BN1 4EN
, England.

2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis.
The
abridged financial statements
are prepared in £ sterling.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and value added tax and other sales taxes.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% straight line
Fixtures and fittings
25% straight line

Pension costs

Contributions are made into an independently operated pension scheme and are charged to the profit or loss in the period to which they relate.

Foreign exchange

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Fixed assets

Tangible assets
£
Cost  
At
1 January 2024
and
31 December 2024
3,582
 
Depreciation  
At
1 January 2024
1,146
 
Charge
895
 
At
31 December 2024
2,041
 
Carrying amount  
At
31 December 2024
1,541
 
At 31 December 2023
2,436