IRIS Accounts Production v23.2.0.158 12310971 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure123109712022-03-31123109712023-03-31123109712022-04-012023-03-31123109712021-03-31123109712021-04-012022-03-31123109712022-03-3112310971ns16:EnglandWales2022-04-012023-03-3112310971ns15:PoundSterling2022-04-012023-03-3112310971ns11:Director12022-04-012023-03-3112310971ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3112310971ns11:SmallEntities2022-04-012023-03-3112310971ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3112310971ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3112310971ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3112310971ns11:FullAccounts2022-04-012023-03-3112310971ns11:Director22022-04-012023-03-3112310971ns11:RegisteredOffice2022-04-012023-03-3112310971ns6:CurrentFinancialInstruments2023-03-3112310971ns6:CurrentFinancialInstruments2022-03-3112310971ns6:ShareCapital2023-03-3112310971ns6:ShareCapital2022-03-3112310971ns6:RetainedEarningsAccumulatedLosses2023-03-3112310971ns6:RetainedEarningsAccumulatedLosses2022-03-3112310971ns6:PlantMachinery2022-04-012023-03-3112310971ns6:PlantMachinery2022-03-3112310971ns6:PlantMachinery2023-03-3112310971ns6:PlantMachinery2022-03-3112310971ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3112310971ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3112310971ns6:OtherRelatedPartyRelationshipType1ComponentTotalRelatedParties2023-03-3112310971ns6:OtherRelatedPartyRelationshipType1ComponentTotalRelatedParties2022-04-012023-03-3112310971ns6:OtherRelatedPartyRelationshipType1ComponentTotalRelatedParties2022-03-3112310971ns6:OtherRelatedPartyRelationshipType2ComponentTotalRelatedParties2023-03-3112310971ns6:OtherRelatedPartyRelationshipType2ComponentTotalRelatedParties2022-04-012023-03-3112310971ns6:OtherRelatedPartyRelationshipType2ComponentTotalRelatedParties2022-03-31
REGISTERED NUMBER: 12310971 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Channel Edge Ltd

Channel Edge Ltd (Registered number: 12310971)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Channel Edge Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: I S Perryment
M J Ruskin





REGISTERED OFFICE: 28 Priory Gardens
Old Basing
Basingstoke
Hampshire
RG24 7DS





REGISTERED NUMBER: 12310971 (England and Wales)





ACCOUNTANTS: Ellis Dennis Warwick LLP
107 Church Lane
Mill End
Rickmansworth
Hertfordshire
WD3 8PU

Channel Edge Ltd (Registered number: 12310971)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,414 1,678

CURRENT ASSETS
Debtors 5 72,237 147,566
Cash at bank 48,510 35,892
120,747 183,458
CREDITORS
Amounts falling due within one year 6 123,043 179,119
NET CURRENT (LIABILITIES)/ASSETS (2,296 ) 4,339
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,118

6,017

PROVISIONS FOR LIABILITIES 1,604 420
NET ASSETS 2,514 5,597

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,514 4,597
SHAREHOLDERS' FUNDS 2,514 5,597

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 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.

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 22 December 2023 and were signed on its behalf by:




M J Ruskin - Director


Channel Edge Ltd (Registered number: 12310971)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Channel Edge Ltd 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 represents amounts receivable for services rendered and charged to clients during the period net of VAT and discounts.

Turnover is recognised when a right to consideration has been obtained through performance of contractual terms and conditions.

Turnover is derived from managed marketing services to the IT channel.

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 etc - 25% on cost

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.

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 3 (2022 - 2 ) .

Channel Edge Ltd (Registered number: 12310971)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 2,864
Additions 6,270
At 31 March 2023 9,134
DEPRECIATION
At 1 April 2022 1,186
Charge for year 1,534
At 31 March 2023 2,720
NET BOOK VALUE
At 31 March 2023 6,414
At 31 March 2022 1,678

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 33,092 138,347
Other debtors 39,145 9,219
72,237 147,566

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 14,671 113,502
Taxation and social security 18,977 24,589
Other creditors 89,395 41,028
123,043 179,119

7. RELATED PARTY DISCLOSURES

At 31 March 2023 the company was owed £9,000 by its director, M J Ruskin, (2022: £5,949. owed to
the director) and £778 by its director I S Perryment (2022: £13 owed to the director). No interest was
charged on these amounts.

8. ULTIMATE CONTROLLING PARTY

The controlling party is M J Ruskin.