Comparison Systems Ltd - Accounts to registrar (filleted) - small 18.2

Comparison Systems Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 08747553 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2019

FOR

COMPARISON SYSTEMS LTD

COMPARISON SYSTEMS LTD (REGISTERED NUMBER: 08747553)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COMPARISON SYSTEMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2019







DIRECTORS: C T Brown
G R Pestell





REGISTERED OFFICE: 5 - 9 Eden Street
Kingston Upon Thames
Surrey
KT1 1BQ





REGISTERED NUMBER: 08747553 (England and Wales)





ACCOUNTANTS: Collards
Chartered Accountants
5-9 Eden Street
Kingston-upon-Thames
Surrey
KT1 1BQ

COMPARISON SYSTEMS LTD (REGISTERED NUMBER: 08747553)

BALANCE SHEET
31 OCTOBER 2019

2019 2018
Notes £    £   
CURRENT ASSETS
Debtors 3 80,238 2,564
Cash at bank 69 778
80,307 3,342
CREDITORS
Amounts falling due within one year 4 59,648 17,730
NET CURRENT ASSETS/(LIABILITIES) 20,659 (14,388 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,659

(14,388

)

CAPITAL AND RESERVES
Called up share capital 200 100
Share premium 5 59,940 -
Retained earnings 5 (39,481 ) (14,488 )
SHAREHOLDERS' FUNDS 20,659 (14,388 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors on 17 January 2020 and were signed on its behalf by:





G R Pestell - Director


COMPARISON SYSTEMS LTD (REGISTERED NUMBER: 08747553)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2019

1. STATUTORY INFORMATION

Comparison Systems Ltd is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 17,454 2,378
VAT - 186
Prepayments and accrued income 62,784 -
80,238 2,564

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 8,313 2,790
VAT 10,666 -
Other creditors 1,560 1,560
Directors' current accounts 29,609 12,980
Accrued expenses 9,500 400
59,648 17,730

COMPARISON SYSTEMS LTD (REGISTERED NUMBER: 08747553)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2019

5. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 November 2018 (14,488 ) - (14,488 )
Deficit for the year (24,993 ) (24,993 )
Cash share issue - 59,940 59,940
At 31 October 2019 (39,481 ) 59,940 20,459