COMPASS INDEPENDENT PUBLISHING SERVICES LIMITED

COMPASS INDEPENDENT PUBLISHING SERVICES LIMITED

COMPASS INDEPENDENT PUBLISHING SERVICES LIMITED - Company Information

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COMPASS INDEPENDENT PUBLISHING SERVICES LIMITED

Company Registration Number:
SC260534 (Scotland)

Unaudited abridged accounts for the year ended 30 April 2022

Period of accounts

Start date: 01 May 2021

End date: 30 April 2022

COMPASS INDEPENDENT PUBLISHING SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2022

Balance sheet
Notes

COMPASS INDEPENDENT PUBLISHING SERVICES LIMITED

Balance sheet

As at 30 April 2022


Notes
2022
2021


£
£
Fixed assets
Intangible assets: 3 6,944 0
Tangible assets: 4 2,854 2,324
Total fixed assets: 9,798 2,324
Current assets
Debtors: 5 161,016 82,104
Cash at bank and in hand: 233,740 198,204
Total current assets: 394,756 280,308
Creditors: amounts falling due within one year: 6 (181,539) (150,950)
Net current assets (liabilities): 213,217 129,358
Total assets less current liabilities: 223,015 131,682
Total net assets (liabilities): 223,015 131,682
Capital and reserves
Called up share capital: 30,000 30,000
Profit and loss account: 193,015 101,682
Shareholders funds: 223,015 131,682

The notes form part of these financial statements

COMPASS INDEPENDENT PUBLISHING SERVICES LIMITED

Balance sheet statements

For the year ending 30 April 2022 the company was entitled to exemption 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.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 November 2022
and signed on behalf of the board by:

Name: Hugh Andrew
Status: Director

The notes form part of these financial statements

COMPASS INDEPENDENT PUBLISHING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

COMPASS INDEPENDENT PUBLISHING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

2. Employees

2022 2021
Average number of employees during the period 11 11

COMPASS INDEPENDENT PUBLISHING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

3. Intangible Assets

Total
Cost £
At 01 May 2021 100,000
Additions 12,500
Disposals (100,000)
At 30 April 2022 12,500
Amortisation
At 01 May 2021 100,000
Charge for year 5,556
On disposals (100,000)
At 30 April 2022 5,556
Net book value
At 30 April 2022 6,944
At 30 April 2021 0

COMPASS INDEPENDENT PUBLISHING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

4. Tangible Assets

Total
Cost £
At 01 May 2021 15,592
Additions 3,100
Disposals (2,218)
At 30 April 2022 16,474
Depreciation
At 01 May 2021 13,268
Charge for year 2,570
On disposals (2,218)
At 30 April 2022 13,620
Net book value
At 30 April 2022 2,854
At 30 April 2021 2,324

COMPASS INDEPENDENT PUBLISHING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

5. Debtors

2022 2021
££
Debtors due after more than one year: 0 0

COMPASS INDEPENDENT PUBLISHING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

6. Creditors: amounts falling due within one year note

Trade Creditors Social Security and other taxesOther Creditors

COMPASS INDEPENDENT PUBLISHING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2022

7. Related party transactions

Name of the related party: Hugh Andrew
Relationship:
Director
Description of the Transaction: Purchase of services from Birlinn Limited.
£
Balance at 01 May 2021 1,572
Balance at 30 April 2022 2,444