Company Registration No. 08522248 (England and Wales)
Channel Utilities Ltd
Unaudited accounts
for the year ended 31 May 2023
Channel Utilities Ltd
Unaudited accounts
Contents
Channel Utilities Ltd
Company Information
for the year ended 31 May 2023
Directors
Clifford Norton
Claire Norton
Company Number
08522248 (England and Wales)
Registered Office
Rivers Lodge
West Common
Harpenden
Hertfordshire
AL5 2JD
Accountants
RPJ Accountancy Limited
Rivers Lodge
West Common
Harpenden
Hertfordshire
AL5 2JD
Channel Utilities Ltd
Accountants' report
Accountants' report to the board of directors of Channel Utilities Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Channel Utilities Ltd for the year ended
31 May 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Channel Utilities Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Channel Utilities Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Channel Utilities Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Channel Utilities Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Channel Utilities Ltd. You consider that Channel Utilities Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Channel Utilities Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RPJ Accountancy Limited
Rivers Lodge
West Common
Harpenden
Hertfordshire
AL5 2JD
31 October 2023
Channel Utilities Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
64,225
78,966
Cash at bank and in hand
3,769
3,929
Creditors: amounts falling due within one year
(29,770)
(55,258)
Net current liabilities
(22,108)
(47,436)
Total assets less current liabilities
42,117
31,530
Creditors: amounts falling due after more than one year
(32,806)
(38,638)
Net assets/(liabilities)
9,311
(7,108)
Called up share capital
1
1
Profit and loss account
9,310
(7,109)
Shareholders' funds
9,311
(7,108)
For the year ending 31 May 2023 the company was entitled to exemption from audit 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.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by
Clifford Norton
Director
Company Registration No. 08522248
Channel Utilities Ltd
Notes to the Accounts
for the year ended 31 May 2023
Channel Utilities Ltd is a private company, limited by shares, registered in England and Wales, registration number 08522248. The registered office is Rivers Lodge, West Common, Harpenden, Hertfordshire, AL5 2JD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% straight line less residual value
4
Tangible fixed assets
Motor vehicles
Charge for the year
14,741
Amounts falling due within one year
Amounts due from group undertakings etc.
4,000
4,000
Channel Utilities Ltd
Notes to the Accounts
for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
10,167
10,167
Taxes and social security
-
121
Loans from directors
16,508
43,696
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
32,806
38,638
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).