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Company Registration No. 13828290 (England and Wales)
COMPASS ROSE CARS LTD Unaudited accounts for the year ended 31 January 2025
COMPASS ROSE CARS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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COMPASS ROSE CARS LTD Company Information for the year ended 31 January 2025
Director
Sarah Rose Philips
Company Number
13828290 (England and Wales)
Registered Office
133 ENFIELD ROAD HUNT END REDDITCH B97 5NF ENGLAND
Accountants
AC Counts & Services Ltd Office 42 Imex Business Centre, Oxleasow Road Redditch Worcestershire B98 0RE
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COMPASS ROSE CARS LTD Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Current assets
Inventories
1,400
2,226
Debtors
4
100
100
Cash at bank and in hand
620
-
2,120
2,326
Creditors: amounts falling due within one year
5
(1,433)
(1,889)
Net current assets
687
437
Net assets
687
437
Capital and reserves
Called up share capital
100
100
Profit and loss account
587
337
Shareholders' funds
687
437
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 October 2025 and were signed on its behalf by
Sarah Rose Philips Director Company Registration No. 13828290
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COMPASS ROSE CARS LTD Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
COMPASS ROSE CARS LTD is a private company, limited by shares, registered in England and Wales, registration number 13828290. The registered office is 133 ENFIELD ROAD, HUNT END, REDDITCH, B97 5NF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated her support will continue for the foreseeable future.
4
Debtors
2025
2024
£
£
Amounts falling due after more than one year
Other debtors
100
100
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
720
720
Taxes and social security
59
56
Loans from directors
654
1,113
1,433
1,889
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COMPASS ROSE CARS LTD Notes to the Accounts for the year ended 31 January 2025
6
Transactions with related parties
At the year end there was a balance of £654 (2024 = £1114) owed to Mr Crawford Phillips.
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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