Competex Limited

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

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.

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)

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.