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REGISTERED NUMBER: 08458316 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

CHAMPION SOUND MANCHESTER LIMITED

CHAMPION SOUND MANCHESTER LIMITED (REGISTERED NUMBER: 08458316)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHAMPION SOUND MANCHESTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: S Windle





REGISTERED OFFICE: Oaktree Court Business Centre
Mill Lane
Ness
Cheshire
CH64 8TP





REGISTERED NUMBER: 08458316 (England and Wales)





ACCOUNTANTS: Michael Donnan & Co Limited
Oaktree Court Business Ctr
Mill Lane
Ness
Cheshire
CH64 8TP

CHAMPION SOUND MANCHESTER LIMITED (REGISTERED NUMBER: 08458316)

BALANCE SHEET
31 MARCH 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 101,046 100,713
101,046 100,713

CURRENT ASSETS
Debtors 6 117,573 64,904
Cash at bank 41,859 59,552
159,432 124,456
CREDITORS
Amounts falling due within one year 7 38,949 16,956
NET CURRENT ASSETS 120,483 107,500
TOTAL ASSETS LESS CURRENT
LIABILITIES

221,529

208,213

PROVISIONS FOR LIABILITIES 18,000 18,000
NET ASSETS 203,529 190,213

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 203,429 190,113
SHAREHOLDERS' FUNDS 203,529 190,213

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

CHAMPION SOUND MANCHESTER LIMITED (REGISTERED NUMBER: 08458316)

BALANCE SHEET - continued
31 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 director and authorised for issue on 17 October 2023 and were signed by:





S Windle - Director


CHAMPION SOUND MANCHESTER LIMITED (REGISTERED NUMBER: 08458316)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Champion Sound Manchester 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Transactions are rounded to the nearest £.

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 represents net invoiced sales of sound recording services and hire of equipment, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 NIL (2022 - NIL).

CHAMPION SOUND MANCHESTER LIMITED (REGISTERED NUMBER: 08458316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 35,000
AMORTISATION
At 1 April 2022
and 31 March 2023 35,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 209,517 33,777 5,541 248,835
Additions 29,147 - - 29,147
At 31 March 2023 238,664 33,777 5,541 277,982
DEPRECIATION
At 1 April 2022 136,726 6,838 4,558 148,122
Charge for year 21,833 6,735 246 28,814
At 31 March 2023 158,559 13,573 4,804 176,936
NET BOOK VALUE
At 31 March 2023 80,105 20,204 737 101,046
At 31 March 2022 72,791 26,939 983 100,713

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 26,705 696
Directors' current accounts 86,567 58,330
Prepayments and accrued income 4,301 5,878
117,573 64,904

CHAMPION SOUND MANCHESTER LIMITED (REGISTERED NUMBER: 08458316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Tax 21,514 11,312
Social security and other taxes - 646
VAT 15,450 3,108
Accrued expenses 1,985 1,890
38,949 16,956

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/23 31/3/22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2022 190,113
Profit for the year 99,216
Dividends (85,900 )
At 31 March 2023 203,429

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31/3/23 31/3/22
£    £   
S Windle
Balance outstanding at start of year 58,330 37,184
Amounts advanced 123,545 98,032
Amounts repaid (95,308 ) (76,886 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 86,567 58,330

The above advance was interest free, had no fixed repayment date and was unsecured.