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Registered number: 01784485
Competex Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Competex Limited
Competex Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Unaudited Financial Statements

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

Page 1
Competex Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 01784485

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 3 |  | 750 |  | 1,125
|  |  | 750 |  | 1,125
CURRENT ASSETS
Debtors | 4 | 23,104 |  | 43,250 |
Cash at bank and in hand |  | 10,480 |  | 21,476 |
|  | 33,584 |  | 64,726 |
Creditors: Amounts Falling Due Within One Year | 5 | (32,280 ) |  | (38,236 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,304 |  | 26,490
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,054 |  | 27,615
Creditors: Amounts Falling Due After More Than One Year | 6 |  | (1,699 ) |  | (11,742 )
NET ASSETS |  |  | 355 |  | 15,873
CAPITAL AND RESERVES
Called up share capital | 7 |  | 100 |  | 100
Profit and Loss Account |  |  | 255 |  | 15,773
SHAREHOLDERS' FUNDS |  |  | 355 |  | 15,873

Page 1
Page 2
Competex Limited
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 2025 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

P A Singh Director
6 October 2025

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Competex Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. Accounting Policies
1.1. 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.
1.2. Turnover
Turnover represents invoiced sales of services performed during the year, excluding value added tax.
1.3. 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:

Fixtures & Fittings | 25%
Computer Equipment | 50%

2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 7 (2024: 7)
7 7
3. Tangible Assets

| Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 April 2024 | 2,928 | 7,894 | 10,822
As at 31 March 2025 | 2,928 | 7,894 | 10,822
Depreciation
As at 1 April 2024 | 2,928 | 6,769 | 9,697
Provided during the period | - | 375 | 375
As at 31 March 2025 | 2,928 | 7,144 | 10,072
Net Book Value
As at 31 March 2025 | - | 750 | 750
As at 1 April 2024 | - | 1,125 | 1,125

4. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 10,624 |  | 10,224
Other debtors | - |  | 50
Prepayments and accrued income | - |  | 2,996
| 10,624 |  | 13,270
Due after more than one year
Amounts owed by group undertakings | 12,480 |  | 29,980
| 12,480 |  | 29,980
| 23,104 |  | 43,250

Page 3
Page 4
Competex Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
5. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 3,355 |  | 11,693
Bank loans and overdrafts | 10,043 |  | 9,796
Corporation tax | 624 |  | 1,341
VAT | 12,806 |  | 12,739
Other creditors & accruals | 3,083 |  | 186
Social security and other taxes | 2,369 |  | 2,363
Amounts owed to group undertakings | - |  | 118
| 32,280 |  | 38,236

6. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 1,699 |  | 11,742
| 1,699 |  | 11,742

7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

8. Ultimate Controlling Party
The ultimate controlling party is C R S Fowler.
9. General Information
Competex Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01784485 . The registered office is The Old Bakery, Blackborough Road, Reigate, RH2 7BU.
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