Comparno Limited - Accounts

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Registered Number: 07949141

England and Wales

Abridged Accounts

for the period ended 31 March 2020

for

COMPARNO LIMITED

Comparno Limited
Contents Page
For the period ended 31 March 2020

Statement of financial position
Notes to the financial statements

Comparno Limited
Statement of Financial Position
As at 31 March 2020

	Notes	2020 £	2019 £
Fixed assets
Tangible fixed assets	2	1,900	279
		1,900	279
Current assets
Stocks		8,450	10,725
Cash at bank and in hand		193,479	129,201
		201,929	139,926
Creditors: amount falling due within one year		(20,966)	(15,744)
Net current assets		180,963	124,182

Total assets less current liabilities		182,863	124,461
Net assets		182,863	124,461

Capital and reserves
Called up share capital	3	103	103
Profit and loss account		182,760	124,358
Shareholders funds		182,863	124,461

For the period ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts

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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 27 August 2020 and were signed on its behalf by:

--------------------------------
George Arnold
Director

Comparno Limited
Notes to the Abridged Financial Statements
For the period ended 31 March 2020

General Information

Comparno Limited is a private company, limited by shares, registered in England and Wales, registration number 07949141, registration address 2 Chambon Close, Minety, MALMESBURY, SN16 9QE

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment

25% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Tangible fixed assets

Cost or valuation	Computer Equipment	Total
	£	£
At 31 March 2019	1,193	1,193
Additions	2,254	2,254
Disposals	-	-
At 31 March 2020	3,447	3,447
Depreciation
At 31 March 2019	914	914
Charge for period	633	633
On disposals	-	-
At 31 March 2020	1,547	1,547
Net book values
Closing balance as at 31 March 2020	1,900	1,900
Opening balance as at 31 March 2019	279	279

Share Capital

Allotted	2020 £	2019 £
100 Ordinary shares of £1.00 each	100	100
3 Ordinary 'B' shares of £1.00 each	3	3
1 Ordinary 'C' shares of £1.00 each	1	1
	104	104