Compass Skills Training Limited

Compass Skills Training Limited
Statement of Financial Position
As at 28 February 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	8,600	10,824
Investments	4	4,395	4,395
		12,995	15,219
Current assets
Stocks		169,704	95,000
Debtors		302,194	230,000
Cash at bank and in hand		4,456	7,266
		476,354	332,266
Creditors: amount falling due within one year		(357,901)	(244,451)
Net current assets		118,453	87,815

Total assets less current liabilities		131,448	103,034
Creditors: amount falling due after more than one year		(24,870)	(30,549)
Provisions for liabilities		(1,634)	(2,057)
Net assets		104,944	70,428

Capital and reserves
Called up share capital	5	150	150
Profit and loss account		104,794	70,278
Shareholders' funds		104,944	70,428

For the year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 06 May 2026 and were signed on its behalf by:

-------------------------------
Paul Williams
Director

Compass Skills Training Limited
Notes to the Abridged Financial Statements
For the year ended 28 February 2026

General Information

Compass Skills Training Limited is a private company, limited by shares, registered in England and Wales, registration number 10615460, registration address Strawberry Field Digital Hub, Euxton Lane , Chorley, Lancashire, PR7 1PS.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	25% Reducing Balance
Fixtures and Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 21 (2025 : 18).

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 01 March 2025	3,338	11,443	22,484	37,265
Additions	-	-	610	610
Disposals	-	-	-	-
At 28 February 2026	3,338	11,443	23,094	37,875
Depreciation
At 01 March 2025	2,634	8,225	15,582	26,441
Charge for year	176	804	1,854	2,834
On disposals	-	-	-	-
At 28 February 2026	2,810	9,029	17,436	29,275
Net book values
Closing balance as at 28 February 2026	528	2,414	5,658	8,600
Opening balance as at 01 March 2025	704	3,218	6,902	10,824

Investments

Cost	Loans to participating interests	Total
	£	£
At 01 March 2025	4,395	4,395
Additions	-	-
Disposals	-	-
At 28 February 2026	4,395	4,395

Share Capital

Authorised
150 Class A shares of £1.00 each

Allotted, called up and fully paid	2026 £		2025 £
150 Class A shares of £1.00 each	150		150
	150		150


Registered Number: 10615460
England and Wales
COMPASS SKILLS TRAINING LIMITED

Abridged Accounts

Period of accounts Start date: 01 March 2025 End date: 28 February 2026