COMPETENCE DEVELOPMENT LIMITED

Company Registration Number:
07422326 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

COMPETENCE DEVELOPMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

COMPETENCE DEVELOPMENT LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Intangible assets: 3 970,643 689,906
Tangible assets: 4 27,596 11,716
Total fixed assets: 998,239 701,622
Current assets
Debtors: 5 165,183 291,600
Cash at bank and in hand: 75,307 874,594
Total current assets: 240,490 1,166,194
Creditors: amounts falling due within one year: 6 (134,097) (181,217)
Net current assets (liabilities): 106,393 984,977
Total assets less current liabilities: 1,104,632 1,686,599
Creditors: amounts falling due after more than one year: 7 (1,197,394) (1,836,318)
Total net assets (liabilities): (92,762) (149,719)
Capital and reserves
Called up share capital: 8 8
Profit and loss account: (92,770) (149,727)
Shareholders funds: (92,762) (149,719)

The notes form part of these financial statements

COMPETENCE DEVELOPMENT LIMITED

Balance sheet statements

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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 12 August 2025
and signed on behalf of the board by:

Name: D Smith
Status: Director

The notes form part of these financial statements

COMPETENCE DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

COMPETENCE DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 37 31

COMPETENCE DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 791,314
Additions 439,000
At 31 December 2024 1,230,314
Amortisation
At 01 January 2024 101,408
Charge for year 158,263
At 31 December 2024 259,671
Net book value
At 31 December 2024 970,643
At 31 December 2023 689,906

COMPETENCE DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 51,415
Additions 31,822
At 31 December 2024 83,237
Depreciation
At 01 January 2024 39,699
Charge for year 15,942
At 31 December 2024 55,641
Net book value
At 31 December 2024 27,596
At 31 December 2023 11,716

COMPETENCE DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

COMPETENCE DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due within one year note

Trade creditors 78806 Social security and other taxes 20,006 Other creditors 18,555 Deferred Income 6,441 Accrued expenses 10,289

COMPETENCE DEVELOPMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Creditors: amounts falling due after more than one year note

Loan account 1197394