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REGISTERED NUMBER: 10624851 (England and Wales)















Financial Statements for the Year Ended 29 March 2023

for

Champy's Limited

Champy's Limited (Registered number: 10624851)






Contents of the Financial Statements
for the Year Ended 29 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Champy's Limited

Company Information
for the Year Ended 29 March 2023







DIRECTORS: D C Bhakta
D C Bhakta





SECRETARY:





REGISTERED OFFICE: 16 Birmingham Road
Walsall
United Kingdom
WS1 2NA





REGISTERED NUMBER: 10624851 (England and Wales)





ACCOUNTANTS: Sohans, Chartered Accountants
16 Birmingham Road
Walsall
WS1 2NA

Champy's Limited (Registered number: 10624851)

Balance Sheet
29 March 2023

29.3.23 29.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,858 4,539
Tangible assets 5 67,916 46,740
71,774 51,279

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 93,927 1,079
Cash at bank and in hand 305,438 251,918
400,365 253,997
CREDITORS
Amounts falling due within one year 7 164,191 80,237
NET CURRENT ASSETS 236,174 173,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

307,948

225,039

CAPITAL AND RESERVES
Called up share capital 120 100
Retained earnings 307,828 224,939
SHAREHOLDERS' FUNDS 307,948 225,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 2023 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.

Champy's Limited (Registered number: 10624851)

Balance Sheet - continued
29 March 2023


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 and authorised for issue on 26 July 2023 and were signed on its behalf by:





D C Bhakta - Director


Champy's Limited (Registered number: 10624851)

Notes to the Financial Statements
for the Year Ended 29 March 2023

1. STATUTORY INFORMATION

Champy's Limited 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Champy's Limited (Registered number: 10624851)

Notes to the Financial Statements - continued
for the Year Ended 29 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 30 March 2022
and 29 March 2023 5,340
AMORTISATION
At 30 March 2022 801
Charge for year 681
At 29 March 2023 1,482
NET BOOK VALUE
At 29 March 2023 3,858
At 29 March 2022 4,539

Champy's Limited (Registered number: 10624851)

Notes to the Financial Statements - continued
for the Year Ended 29 March 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 30 March 2022 32,122 32,602 64,724
Additions - 32,109 32,109
At 29 March 2023 32,122 64,711 96,833
DEPRECIATION
At 30 March 2022 - 17,984 17,984
Charge for year - 10,933 10,933
At 29 March 2023 - 28,917 28,917
NET BOOK VALUE
At 29 March 2023 32,122 35,794 67,916
At 29 March 2022 32,122 14,618 46,740

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.3.23 29.3.22
£    £   
Other debtors 93,927 1,079

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.3.23 29.3.22
£    £   
Trade creditors 1 2,166
Taxation and social security 80,193 61,085
Other creditors 83,997 16,986
164,191 80,237

Champy's Limited (Registered number: 10624851)

Notes to the Financial Statements - continued
for the Year Ended 29 March 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors during the year 31/03/2023. a director subsisted during the years ended 29 March 2023 and 29 March 2022:

29.3.23 29.3.22
£    £   
D C Bhakta
Balance outstanding at start of year - -
Amounts advanced 93,926 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 93,926 -

Loan to director. Total loan amount £93926.76. Repayment time, less than 9 months.