NCOMPASS TRAINING LIMITED
NCOMPASS TRAINING LIMITED
Registered number: 08347326
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2019
SJ GIBSON ACCOUNTANCY
NCOMPASS TRAINING LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2019
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Abridged Balance Sheet | 1—2 |
| Notes to the Abridged Financial Statements | 3—4 |
NCOMPASS TRAINING LIMITED
Abridged Balance Sheet
As at
31 March 2019
Abridged Balance Sheet
Registered number:
08347326
For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2019 | 2018 | ||||
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 7,652 | 7,332 | |||
Page 1
NCOMPASS TRAINING LIMITED
Abridged Balance Sheet (continued)
As at
31 March 2019
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his 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.
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All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2019 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
NCOMPASS TRAINING LIMITED
Notes to the Abridged Financial Statements
For The Year Ended 31 March 2019
Notes to the Abridged Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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.
6.
Share Capital
| 2019 | 2018 | ||
|---|---|---|---|
| Allotted, Called up and fully paid |
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7.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at |
Amounts advanced | Amounts repaid | Amounts written off | As at |
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|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Neil Gartland |
( |
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The above loan is unsecured, interest free and repayable on demand.
8.
Dividends
| 2019 | 2018 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
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| 15,000 | 14,000 | ||
9.
Ultimate Controlling Party
The company's ultimate controlling party is Mr Neil Gartland by virtue of his ownership of 100% of the issued share capital in the company.
Page 3
NCOMPASS TRAINING LIMITED
Notes to the Abridged Financial Statements (continued)
For The Year Ended 31 March 2019
10.
General Information
NCOMPASS TRAINING LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08347326 . The registered office is 3 Church View, Cotes Heath, Stafford, Staffordshire, ST21 6SU.
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