Compass International Media Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 02943200

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,656		92

			1,656		92
CURRENT ASSETS
Debtors	5	247,855		15,663
Cash at bank and in hand		2,580		15,205

		250,435		30,868
Creditors: Amounts Falling Due Within One Year	6	(187,294 )		(19,387 )

NET CURRENT ASSETS (LIABILITIES)			63,141		11,481

TOTAL ASSETS LESS CURRENT LIABILITIES			64,797		11,573

PROVISIONS FOR LIABILITIES
Deferred Taxation			(414 )		(17 )

NET ASSETS			64,383		11,556

CAPITAL AND RESERVES
Called up share capital	7		1,000		1,000
Profit and Loss Account			63,383		10,556

SHAREHOLDERS' FUNDS			64,383		11,556

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Compass International Media Limited

Balance Sheet (continued)

As At 31 December 2024

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 member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Philip Weake

Director

26/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Compass International Media Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02943200 . The registered office is Argosy House, 39 High Street, Cranleigh, Surrey, GU6 8AS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

20% straight line

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.5. Taxation

Deferred tax is recognised in respect of timing differences that have originated but not reversed at the statement of financial position date.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	5,053
Additions	2,071
Disposals	(667 )

As at 31 December 2024	6,457

Depreciation
As at 1 January 2024	4,961
Provided during the period	507
Disposals	(667 )

As at 31 December 2024	4,801

...CONTINUED

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Compass International Media Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	1,656

As at 1 January 2024	92

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	8,640	15,360
Other debtors	239,215	303

	247,855	15,663

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	96	3,305
Bank loans and overdrafts	899	254
Other loans	65	1,179
Other creditors	156,368	1,692
Taxation and social security	29,866	12,957

	187,294	19,387

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

8. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Philip Weake	-	9,988	-	-	9,988

The above loan is unsecured, interest free and repayable on demand.

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