Compusolve IT Solutions Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08667768

COMPUSOLVE IT SOLUTIONS LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 September 2025

COMPUSOLVE IT SOLUTIONS LTD

FINANCIAL STATEMENTS

YEAR ENDED 30th SEPTEMBER 2025

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 7

COMPUSOLVE IT SOLUTIONS LTD

STATEMENT OF FINANCIAL POSITION

30 September 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		1,230		1,668

CURRENT ASSETS

Debtors	6	60,423	54,948
Cash at bank and in hand		4,555	22,091
		---------	---------
		64,978	77,039

CREDITORS: amounts falling due within one year	7	43,017		60,771
		---------		---------
NET CURRENT ASSETS			21,961		16,268
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			23,191		17,936

CREDITORS: amounts falling due after more than one year	8		2,374		7,440

PROVISIONS

Taxation including deferred tax	308	417
	---------	---------
NET ASSETS	20,509	10,079
	---------	---------

CAPITAL AND RESERVES

Called up share capital	10	10,000	10,000
Profit and loss account		10,509	79
		---------	---------
SHAREHOLDERS FUNDS		20,509	10,079
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30th September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

COMPUSOLVE IT SOLUTIONS LTD

STATEMENT OF FINANCIAL POSITION (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 22 June 2026 , and are signed on behalf of the board by:

D. Bailey
Director

Company registration number: 08667768

COMPUSOLVE IT SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30th SEPTEMBER 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Post Office, 63 Saville Street, North Shields, Tyne and Wear, NE30 1AY.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on the going concern basis. The director considers that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's director, bankers and other lending agents during this time.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Office equipment	-	25% reducing balance
Computer equipment	-	33% reducing balance

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. TANGIBLE ASSETS

	Office Equipment	Computer Equipment	Total
	£	£	£
Cost
At 1st October 2024	442	6,687	7,129
Additions	–	800	800
Disposals	–	( 2,734)	( 2,734)
	----	-------	-------
At 30th September 2025	442	4,753	5,195
	----	-------	-------
Depreciation
At 1st October 2024	415	5,046	5,461
Charge for the year	8	749	757
Disposals	–	( 2,253)	( 2,253)
	----	-------	-------
At 30th September 2025	423	3,542	3,965
	----	-------	-------
Carrying amount
At 30th September 2025	19	1,211	1,230
	----	-------	-------
At 30th September 2024	27	1,641	1,668
	----	-------	-------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	18,155	9,626
Prepayments	2,826	5,172
Director's loan account	10,920	30,019
Section 455 tax recoverable	10,131	10,131
Other debtors	18,391	–
	---------	---------
	60,423	54,948
	---------	---------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank borrowing	14,156	6,824
Trade creditors	2,723	1,772
Accruals	1,685	10,989
Corporation tax	9,032	20,360
Social security and other taxes	9,981	15,437
Company credit card	5,440	5,389
	---------	---------
	43,017	60,771
	---------	---------

8. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank borrowing	2,374	7,440
	-------	-------

9. DEFERRED TAX

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	308	417
	----	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	308	417
	----	----

10. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary 'A' shares of £ 1 each	4,500	4,500	4,500	4,500
Ordinary 'B' shares of £ 1 each	4,500	4,500	4,500	4,500
Ordinary 'C' shares of £ 1 each	1,000	1,000	1,000	1,000
	---------	---------	---------	---------
	10,000	10,000	10,000	10,000
	---------	---------	---------	---------

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
D. Bailey	11,614	23,812	( 24,506)	10,920
A. P. Burnett	18,405	2,796	( 21,201)	–
	---------	---------	---------	---------
	30,019	26,608	( 45,707)	10,920
	---------	---------	---------	---------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
D. Bailey	8,638	32,559	( 29,583)	11,614
A. P. Burnett	9,408	38,580	( 29,583)	18,405
	---------	---------	---------	---------
	18,046	71,139	( 59,166)	30,019
	---------	---------	---------	---------

12. RELATED PARTY TRANSACTIONS

No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A small entities.