REGISTERED NUMBER: 02176954 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

COMPACTORS DIRECT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J T Davis

K J F Davis

S P F Davis

D W T Davis

REGISTERED OFFICE:

Vantage House

3 East Terrace Business Park

Euxton Lane, Euxton

Chorley

Lancashire

PR7 6TB

REGISTERED NUMBER:

02176954 (England and Wales)

ACCOUNTANTS:

Studholme-Bell Limited

Chartered Certified Accountants

Vantage House

3 East Terrace Business Park

Euxton Lane, Euxton

Chorley

Lancashire

PR7 6TB

FIXED ASSETS

Intangible assets

5

45,078

54,093

Tangible assets

6

61,035

68,464

Investments

7

1,000

1,000

107,113

123,557

CURRENT ASSETS

Stocks

58,250

55,220

Debtors

8

83,662

120,449

Cash at bank

5,136

46,146

147,048

221,815

CREDITORS

Amounts falling due within one year

9

113,063

138,073

NET CURRENT ASSETS

33,985

83,742

TOTAL ASSETS LESS CURRENT LIABILITIES

141,098

207,299

CREDITORS

Amounts falling due after more than one year

10

(81,176

)

(111,320

)

PROVISIONS FOR LIABILITIES

(3,602

)

(5,459

)

NET ASSETS

56,320

90,520

CAPITAL AND RESERVES

Called up share capital

1,280

1,280

Retained earnings

55,040

89,240

SHAREHOLDERS' FUNDS

56,320

90,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 19 September 2025 and were signed on its behalf by:

P J T Davis - Director

1.	STATUTORY INFORMATION

Compactors Direct 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.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS102 Section 1A for small entities. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Income recognition

Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Improvements to property

-

in accordance with the property

Plant and machinery

-

10% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in shares are included at fair value.

Stocks

Stocks have been valued at the lower of cost and estimated selling price, less costs to sell. In respect of work in progress and finished goods, cost included a relevant proportion of overheads according to the stage of manufacture/completion.

Deferred taxation

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

5.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 January 2024

and 31 December 2024

90,153

AMORTISATION

At 1 January 2024

36,060

Amortisation for year

9,015

At 31 December 2024

45,075

NET BOOK VALUE

At 31 December 2024

45,078

At 31 December 2023

54,093

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

46,628

74,062

33,227

2,882

156,799

DEPRECIATION

At 1 January 2024

-

52,249

33,204

2,882

88,335

Charge for year

-

7,406

23

-

7,429

At 31 December 2024

-

59,655

33,227

2,882

95,764

NET BOOK VALUE

At 31 December 2024

46,628

14,407

-

-

61,035

At 31 December 2023

46,628

21,813

23

-

68,464

7.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

1,000

NET BOOK VALUE

At 31 December 2024

1,000

At 31 December 2023

1,000

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

77,825

112,749

Prepayments

5,837

7,700

83,662

120,449

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

42,521

61,516

Corporation tax

-

10,387

VAT

58,492

54,120

Accruals and deferred income

2,050

2,050

113,063

138,073

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

8,334

10,000

Bank loans - 2-5 years

-

8,334

Other creditors

72,842

92,986

81,176

111,320

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 (2023 - £5,000) were paid to the directors .

Forward Acceptances Limited

A company under common control.

Included in other creditors is an amount owed to Forward Acceptances Limited of £72,842 (2023: £92,286). The loan is interest free and repayable on demand.