Acorah Software Products - Accounts Production 19.2.450 false true true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 14405951 Mr Andrew Lynn Mr Howard Wilkinson Miss Sharon Mulvaney iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14405951 2024-10-31 14405951 2025-10-31 14405951 2024-11-01 2025-10-31 14405951 frs-core:CurrentFinancialInstruments 2025-10-31 14405951 frs-core:FurnitureFittings 2025-10-31 14405951 frs-core:FurnitureFittings 2024-11-01 2025-10-31 14405951 frs-core:FurnitureFittings 2024-10-31 14405951 frs-core:MotorVehicles 2025-10-31 14405951 frs-core:MotorVehicles 2024-11-01 2025-10-31 14405951 frs-core:MotorVehicles 2024-10-31 14405951 frs-core:ShareCapital 2025-10-31 14405951 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 14405951 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 14405951 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 14405951 frs-bus:SmallEntities 2024-11-01 2025-10-31 14405951 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 14405951 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 14405951 frs-bus:OrdinaryShareClass1 2024-11-01 2025-10-31 14405951 frs-bus:OrdinaryShareClass1 2025-10-31 14405951 frs-bus:Director1 2024-11-01 2025-10-31 14405951 frs-bus:Director2 2024-11-01 2025-10-31 14405951 frs-bus:CompanySecretary1 2024-11-01 2025-10-31 14405951 frs-countries:EnglandWales 2024-11-01 2025-10-31 14405951 2023-10-31 14405951 2024-10-31 14405951 2023-11-01 2024-10-31 14405951 frs-core:CurrentFinancialInstruments 2024-10-31 14405951 frs-core:ShareCapital 2024-10-31 14405951 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 14405951 frs-bus:OrdinaryShareClass1 2023-11-01 2024-10-31
Registered number: 14405951
Compass Projects Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14405951
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 25,105 28,772
25,105 28,772
CURRENT ASSETS
Stocks 5 23,500 20,000
Debtors 6 409,096 313,767
Cash at bank and in hand 22,854 63,317
455,450 397,084
Creditors: Amounts Falling Due Within One Year 7 (438,543 ) (365,488 )
NET CURRENT ASSETS (LIABILITIES) 16,907 31,596
TOTAL ASSETS LESS CURRENT LIABILITIES 42,012 60,368
PROVISIONS FOR LIABILITIES
Deferred Taxation - (5,976 )
NET ASSETS 42,012 54,392
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 42,011 54,391
SHAREHOLDERS' FUNDS 42,012 54,392
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Page 2
For the year ending 31 October 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 directors acknowledge their 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
Mr Andrew Lynn
Director
Mr Howard Wilkinson
Director
29 July 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Compass Projects Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14405951 . The registered office is 1632 Parkway, Whiteley, Fareham, PO15 7AH.
The presentation currency of the financial statements is the Pound Sterling (£).
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
2. Accounting Policies
2.1. 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.
2.2. Going Concern Disclosure
At the year end the company had net liabilities of £136,167, which has arisen because of the trade losses in the year. The directors confirm that they will continue to support the company for a period of not less than twelve months from the date the accounts are approved, and on this basis the directors consider that it is appropriate to use the going concern basis.
2.3. Significant judgements and estimations
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period.  These estimates and assumptions are based on management's best knowledge of the amount, events or actions.  Actual results may differ from those amounts.
Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements.
2.4. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.5. 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:
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 4)
7 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2024 21,508 15,915 37,423
Additions 4,250 - 4,250
As at 31 October 2025 25,758 15,915 41,673
Depreciation
As at 1 November 2024 5,776 2,875 8,651
Provided during the period 4,657 3,260 7,917
As at 31 October 2025 10,433 6,135 16,568
Net Book Value
As at 31 October 2025 15,325 9,780 25,105
As at 1 November 2024 15,732 13,040 28,772
5. Stocks
2025 2024
£ £
Stock 23,500 20,000
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 194,062 153,667
Other debtors 215,034 160,100
409,096 313,767
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 170,535 146,766
Bank loans and overdrafts 30,878 -
Amounts owed to group undertakings 37,513 46,812
Other creditors 127,345 968
Taxation and social security 72,272 170,942
438,543 365,488
8. Share Capital
2025 2024
Allotted, called up but not fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
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