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Company Registration No. 12724459 (England and Wales)
Compete Impossible Ltd Unaudited accounts for the year ended 31 December 2024
Compete Impossible Ltd Unaudited accounts Contents
Page
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Compete Impossible Ltd Company Information for the year ended 31 December 2024
Director
Martin Lacey
Company Number
12724459 (England and Wales)
Registered Office
13 ARAGON COURT SHOPPENHANGERS ROAD MAIDENHEAD SL6 2QA ENGLAND
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Compete Impossible Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
219,991 
211,899 
Current assets
Debtors
1,369 
27,278 
Cash at bank and in hand
4,186 
69,686 
5,555 
96,964 
Net current assets
5,555 
96,964 
Net assets
225,546 
308,863 
Capital and reserves
Called up share capital
302,323 
289,233 
Share premium
221,496 
221,496 
Profit and loss account
(298,273)
(201,866)
Shareholders' funds
225,546 
308,863 
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 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 16 April 2025 and were signed on its behalf by
Martin Lacey Director Company Registration No. 12724459
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Compete Impossible Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Compete Impossible Ltd is a private company, limited by shares, registered in England and Wales, registration number 12724459. The registered office is 13 ARAGON COURT SHOPPENHANGERS ROAD, MAIDENHEAD, SL6 2QA, 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation over 5 years
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
372,185 
Additions
103,161 
At 31 December 2024
475,346 
Amortisation
At 1 January 2024
160,286 
Charge for the year
95,069 
At 31 December 2024
255,355 
Net book value
At 31 December 2024
219,991 
At 31 December 2023
211,899 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,369 
27,278 
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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