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REGISTERED NUMBER: 03646215 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Compete & Eat Limited

Compete & Eat Limited (Registered number: 03646215)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

Compete & Eat Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: C J Brake





REGISTERED OFFICE: Heazle Farm
Clayhidon
Cullompton
Devon
EX15 3TH





REGISTERED NUMBER: 03646215 (England and Wales)





ACCOUNTANTS: A Plus Accountancy & Business Solutions Limited
The Mount
21 High Street
Wellington
Somerset
TA21 8QT

Compete & Eat Limited (Registered number: 03646215)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 903 607
903 607

CURRENT ASSETS
Stocks 6,645 6,245
Debtors 6 10,232 -
Cash at bank and in hand 61,759 90,935
78,636 97,180
CREDITORS
Amounts falling due within one year 7 6,196 26,922
NET CURRENT ASSETS 72,440 70,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,343

70,865

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 73,341 70,863
73,343 70,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:




C J Brake - Director


Compete & Eat Limited (Registered number: 03646215)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Compete & Eat Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 1,000
AMORTISATION
At 1 October 2023
and 30 September 2024 1,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

Compete & Eat Limited (Registered number: 03646215)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Plant & Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2023 11,159 200 11,359
Additions 691 - 691
Disposals (404 ) - (404 )
At 30 September 2024 11,446 200 11,646
DEPRECIATION
At 1 October 2023 10,656 96 10,752
Charge for year 271 15 286
Eliminated on disposal (295 ) - (295 )
At 30 September 2024 10,632 111 10,743
NET BOOK VALUE
At 30 September 2024 814 89 903
At 30 September 2023 503 104 607

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 10,232 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors - 316
Taxation and social security 5,005 4,969
Other creditors 1,191 21,637
6,196 26,922

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
C J Brake
Balance outstanding at start of year (18,779 ) (18,779 )
Amounts advanced 32,000 4,000
Amounts repaid (3,000 ) (4,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,221 (18,779 )

Compete & Eat Limited

Report of the Accountants to the Director of
Compete & Eat Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2024 set out on pages two to four and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






A Plus Accountancy & Business Solutions Limited
The Mount
21 High Street
Wellington
Somerset
TA21 8QT


Date: .............................................