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Registered number: 03832407

Compass Vehicle Services Limited

ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024

Prepared By:
Unsworth's Accountancy Services Ltd
Chartered Certified
39 Stockwell Road
East Grinstead
West Sussex
RH19 4BD

Compass Vehicle Services Limited

ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
DIRECTORS
Graham Harbord
Andrew Levy
Benjamin Levy
Sarah Portet
SECRETARY
S. Harbord
REGISTERED OFFICE
Unit 4, Starborough Farm
Starborough Road
Marsh Green
Kent
TN8 5RB
COMPANY DETAILS
Private company limited by shares registered in , registered number 03832407
ACCOUNTANTS
Unsworth's Accountancy Services Ltd
Chartered Certified
39 Stockwell Road
East Grinstead
West Sussex
RH19 4BD

Compass Vehicle Services Limited

ACCOUNTS
FOR THEYEARENDED31 DECEMBER 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Compass Vehicle Services Limited

BALANCE SHEET AT 31 December 2024
20242023
Notes££
FIXED ASSETS
Tangible assets21,652,5061,403,061
CURRENT ASSETS
Debtors3343,884277,843
Cash at bank and in hand199,255135,028
543,139412,871
CREDITORS: Amounts falling due within one year4622,469451,865
NET CURRENT LIABILITIES(79,330)(38,994)
TOTAL ASSETS LESS CURRENT LIABILITIES1,573,1761,364,067
CREDITORS: Amounts falling due after more than one year5571,482338,358
NET ASSETS1,001,6941,025,709
CAPITAL AND RESERVES
Called up share capital810,00010,000
Profit and loss account991,6941,015,709
SHAREHOLDERS' FUNDS1,001,6941,025,709
For the year ending 31 December 2024 the company was entitled to exemption 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 1 August 2025 and signed on their behalf by
.............................
Graham Harbord
Director

Compass Vehicle Services Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 25%
Motor Carsreducing balance 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentMotor CarsTotal
££££
Cost
At 1 January 202437,7797,5762,505,9502,551,305
Additions--955,795955,795
Disposals--(782,920)(782,920)
At 31 December 202437,7797,5762,678,8252,724,180
Depreciation
At 1 January 202430,0257,5761,110,6431,148,244
Disposals--(522,910)(522,910)
For the year1,939-444,401446,340
At 31 December 202431,9647,5761,032,1341,071,674
Net Book Amounts
At 31 December 20245,815-1,646,6911,652,506
At 31 December 20237,754-1,395,3071,403,061
The net book value of tangible fixed assets includes £1,233,732 (2023: £949,389) in repect of assets held under finance leases or hire purchase contracts. The depreciation charge in respect of such assets amounted to £554,941 (2023: £413,907).

Compass Vehicle Services Limited

3. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors104,28962,117
PAYE control300-
Other debtors1,2001,200
Prepayments3,5553,555
Deferred taxation234,540210,971
343,884277,843
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax25,28871,209
Other tax2,4702,470
VAT40,76335,097
Directors current account - GH36,320320
Directors current account - AL39,1791,179
Directors current account - BL20,000-
Bank Loan10,00010,000
Hire purchase429,999321,551
Trade creditors17,1104,886
Pension schemes505383
Accruals8354,770
622,469451,865
Included in other creditors are amounts are obligations under finance leases due less than one year £429,999 (2023: £321,551).
5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr5,83415,833
Hire purchase >1yr445,648202,525
Other creditors > 1yr120,000120,000
571,482338,358
Included in other creditors are amounts are obligations under finance leases due more than one year of £445,648 (2023: £202,525) and a loan from the director, Mr A. Levy, of £120,000 (2023: £120,000).
6. EMPLOYEES
20242023
No.No.
Average number of employees87

Compass Vehicle Services Limited

7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation(234,540)(210,971)
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
2400 Ordinary shares of £1 each24002400
4500 Ordinary A shares of £1 each45004500
500 Ordinary B shares of £1 each500500
2400 Ordinary C shares of £1 each24002400
200 Ordinary D shares of £1 each200200
10,00010,000
9. CONTROLLING PARTY
There is no one controlling party.
10. RELATED PARTY TRANSACTIONS
Included in other creditors are amounts due to the directors as follows: - Mr G. Harbord £36,320 (2023: £320), Mr A. Levy £39,179 (2023: £1,179) and Mr B. Levy £20,000 (2023: £0).
Mr A. Levy and his wife have also lent the company £120,000. The gross interest paid in the period was £14,400 (2023 £14,400).