REGISTERED NUMBER: 10147807 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Compass Mechanical & Electrical Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G P Champion

J Lediard

REGISTERED OFFICE:

Unit 30 Fens Pool Avenue

Brierley Hill

West Midlands

DY5 1QA

REGISTERED NUMBER:

10147807 (England and Wales)

ACCOUNTANTS:

Blythe Phillips

8/9 Earls Way

Halesowen

West Midlands

B63 3HR

FIXED ASSETS

Tangible assets

4

27,820

17,446

CURRENT ASSETS

Stocks

51,000

8,000

Debtors

5

242,458

51,608

Cash at bank

11,235

155,245

304,693

214,853

CREDITORS

Amounts falling due within one year

6

171,730

73,975

NET CURRENT ASSETS

132,963

140,878

TOTAL ASSETS LESS CURRENT LIABILITIES

160,783

158,324

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

160,781

158,322

160,783

158,324

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

J Lediard - Director

1.	STATUTORY INFORMATION

Compass Mechanical & Electrical 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

30,825

Additions

24,656

Disposals

(13,000

)

At 31 March 2025

42,481

DEPRECIATION

At 1 April 2024

13,379

Charge for year

8,798

Eliminated on disposal

(7,516

)

At 31 March 2025

14,661

NET BOOK VALUE

At 31 March 2025

27,820

At 31 March 2024

17,446

5.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

199,783

35,435

Other debtors

6,502

-

206,285

35,435

Amounts falling due after more than one year:

Other debtors

36,173

16,173

Aggregate amounts

242,458

51,608

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

5,398

9,533

Trade creditors

118,618

30,079

Taxation and social security

45,894

32,863

Other creditors

1,820

1,500

171,730

73,975