Compass Risk Management Limited - Abbreviated accounts 16.3
Compass Risk Management Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| COMPASS RISK MANAGEMENT LIMITED |
| ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 12 JULY 2016 |
| COMPASS RISK MANAGEMENT LIMITED (REGISTERED NUMBER: 07122218) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 12 JULY 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| COMPASS RISK MANAGEMENT LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 12 JULY 2016 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| COMPASS RISK MANAGEMENT LIMITED (REGISTERED NUMBER: 07122218) |
| ABBREVIATED BALANCE SHEET |
| 12 JULY 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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 were approved by the director on |
| COMPASS RISK MANAGEMENT LIMITED (REGISTERED NUMBER: 07122218) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 12 JULY 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
| Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Computer equipment | - |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the |
| lease. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 13 July 2015 |
| and 12 July 2016 |
| DEPRECIATION |
| At 13 July 2015 |
| Charge for year |
| At 12 July 2016 |
| NET BOOK VALUE |
| At 12 July 2016 |
| At 12 July 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| Allotted and issued: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Class E | £1 |
| COMPASS RISK MANAGEMENT LIMITED (REGISTERED NUMBER: 07122218) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 12 JULY 2016 |
| 4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 12 July 2016 and 12 July 2015: |
| 2016 | 2015 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| 5. | RELATED PARTY DISCLOSURES |
| At the period end the company has amounts owing to Compass Risk Management Services Ltd of £20,670 and amounts |
| owing to Leslie Edwards International Limited of £27,132. Leslie Edwards International Limited is the parent company of |
| Compass Risk Management Limited. The director, Leslie Edwards, is also a director, and majority shareholder, of Compass |
| Risk Management Services Ltd. |