Compound Solutions Ltd


Directors	Christopher Fawley
	Daniel Fawley
	Julie Ellen Fawley


Company Secretary	Julie Ellen Fawley


Registered Address	Etherow House, 15 Printers Park
	Hollingworth
	Via Hyde
	SK14 8QH


Registered Number	05902477 (England and Wales)

Balance Sheet as at
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	5		109,454		130,982
			109,454		130,982
Current assets
Stocks		2,181		299,181
Debtors	6	270,719		367,570
Cash at bank and on hand		1,761,257		1,361,197
		2,034,157		2,027,948
Creditors amounts falling due within one year	7	(479,188)		(627,455)
Net current assets (liabilities)			1,554,969		1,400,493
Total assets less current liabilities			1,664,423		1,531,475
Provisions for liabilities	8		(19,083)		(23,835)
Net assets			1,645,340		1,507,640
Capital and reserves
Called up share capital			12		10
Profit and loss account			1,645,328		1,507,630
Shareholders' funds			1,645,340		1,507,640

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
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 and authorised for issue by the Board of Directors on 28 May 2025, and are signed on its behalf by:

Christopher Fawley
Director

Daniel Fawley
Director

Julie Ellen Fawley
Director

Registered Company No. 05902477

Compound Solutions Ltd

Notes to the Financial Statements
for the year ended 28 February 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	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.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are written off over their expected useful economic life.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Finance leases and hire purchase contracts
	Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	6		6

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 March 24	10,075
	At 28 February 25	10,075
	Amortisation and impairment
	At 01 March 24	10,075
	At 28 February 25	10,075
	Net book value
	At 28 February 25	-
	At 29 February 24	-

4.	Useful life of intangible assets
	The expected useful economic life of the intangible asset is assessed by the Directors to be 5 years.

5.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 March 24	286,976
	Additions	2,849
	At 28 February 25	289,825
	Depreciation and impairment
	At 01 March 24	155,994
	Charge for year	24,377
	At 28 February 25	180,372
	Net book value
	At 28 February 25	109,454
	At 29 February 24	130,982

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	83,027	210,933
Other debtors	13,044	91,493
Prepayments and accrued income	174,648	65,144
Total	270,719	367,570

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	5,444	11,784
Taxation and social security	109,353	84,221
Other creditors	4,536	4,692
Accrued liabilities and deferred income	359,855	526,758
Total	479,188	627,455

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	19,083	23,835
Total	19,083	23,835