Compass Car Hire Ltd 31/08/2025 iXBRL

Company registration number: 05211028

Compass Car Hire Ltd

Unaudited filleted abridged financial statements

31 August 2025

Compass Car Hire Ltd

Contents

Directors and other information

Accountants report

Abridged statement of financial position

Statement of changes in equity

Notes to the financial statements

Compass Car Hire Ltd

Directors and other information


	Director	Mr Murat Yeter


	Company number	05211028


	Registered office	16 Andre Street
		Hackney
		London
		E8 2AA


	Accountants	Benchmark Accounting Services Ltd
		187 High Road Leyton
		London
		E15 2BY

Compass Car Hire Ltd

Report to the director on the preparation of the

unaudited statutory financial statements of Compass Car Hire Ltd

Year ended 31st August 2025

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31st August 2025 which comprise the abridged statement of financial position, statement of changes in equity and related notes.

You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Benchmark Accounting Services Ltd

187 High Road Leyton

London

E15 2BY

26th August 2026

Compass Car Hire Ltd

Abridged statement of financial position

31st August 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	242,941		297,156
		_______		_______
			242,941		297,156

Current assets
Debtors		758,266		1,043,077
Cash at bank and in hand		211,630		40,030
		_______		_______
		969,896		1,083,107
Creditors: amounts falling due
within one year		( 378,935)		( 347,396)
		_______		_______
Net current assets			590,961		735,711
			_______		_______
Total assets less current liabilities			833,902		1,032,867

Creditors: amounts falling due
after more than one year			( 796,170)		( 1,091,403)
			_______		_______
Net assets/(liabilities)			37,732		( 58,536)
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			37,730		( 58,538)
			_______		_______
Shareholders funds/(deficit)			37,732		( 58,536)
			_______		_______

For the year ending 31 August 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 abridged statement of comprehensive income has not been delivered.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 August 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 26 August 2026 , and are signed on behalf of the board by:

Mr Murat Yeter

Director

Company registration number: 05211028

Compass Car Hire Ltd

Statement of changes in equity

Year ended 31st August 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1st September 2023	2	( 344,420)	( 344,418)

Profit for the year		285,882	285,882
	_______	_______	_______
Total comprehensive income for the year	-	285,882	285,882

	_______	_______	_______
At 31st August 2024 and 1st September 2024	2	( 58,538)	( 58,536)

Profit for the year		96,268	96,268
	_______	_______	_______
Total comprehensive income for the year	-	96,268	96,268

	_______	_______	_______
At 31st August 2025	2	37,730	37,732
	_______	_______	_______

Compass Car Hire Ltd

Notes to the financial statements

Year ended 31st August 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 16 Andre Street, Hackney, London, E8 2AA.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, a period of not less than 12 months from the date of approval of these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.Revenue from services is recognised when the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. 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.

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:


Motor vehicles	-	20 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company 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.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 5 ).

5. Tangible assets


		£
	Cost
	At 1st September 2024	445,437
	Additions	36,390
	Disposals	( 91,154)
		_______
	At 31st August 2025	390,673
		_______
	Depreciation
	At 1st September 2024	148,281
	Charge for the year	60,736
	Disposals	( 61,285)
		_______
	At 31st August 2025	147,732
		_______
	Carrying amount
	At 31st August 2025	242,941
		_______
	At 31st August 2024	297,156
		_______