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REGISTERED NUMBER: 03997302 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

CHANNOIL CONSULTING LIMITED

CHANNOIL CONSULTING LIMITED (REGISTERED NUMBER: 03997302)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHANNOIL CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mr C L Daly
Mr R M Waddington





SECRETARY: Commercial Secretariat Limited





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN





REGISTERED NUMBER: 03997302 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

CHANNOIL CONSULTING LIMITED (REGISTERED NUMBER: 03997302)

BALANCE SHEET
31ST DECEMBER 2023

31.12.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,218 711

CURRENT ASSETS
Debtors 5 132,924 279,368
Cash at bank 70,902 11,793
203,826 291,161
CREDITORS
Amounts falling due within one year 6 112,741 195,412
NET CURRENT ASSETS 91,085 95,749
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,303

96,460

CAPITAL AND RESERVES
Called up share capital 4,400 3,390
Share premium 1,245 1,245
Capital redemption reserve 13,174 10,974
Other reserves 645 645
Retained earnings 72,839 80,206
SHAREHOLDERS' FUNDS 92,303 96,460

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 25th January 2024 and were signed on its behalf by:




Mr C L Daly - Director



Mr R M Waddington - Director


CHANNOIL CONSULTING LIMITED (REGISTERED NUMBER: 03997302)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Channoil Consulting 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 4 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£
COST
At 1st January 2023 16,638
Additions 1,050
Disposals (14,336 )
At 31st December 2023 3,352
DEPRECIATION
At 1st January 2023 15,927
Charge for year 543
Eliminated on disposal (14,336 )
At 31st December 2023 2,134
NET BOOK VALUE
At 31st December 2023 1,218
At 31st December 2022 711

CHANNOIL CONSULTING LIMITED (REGISTERED NUMBER: 03997302)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade debtors 97,753 176,554
Other debtors 1,410 1,515
Directors' current accounts - 1,850
Prepayments & accrued income 33,761 99,449
132,924 279,368

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade creditors 105,405 118,438
Corporation tax 630 323
Social security and other taxes 2,701 7,901
Other creditors 2 1,288
Accruals & deferred income 4,003 67,462
112,741 195,412

7. ULTIMATE CONTROLLING PARTY

Mr C L Daly is the ultimate controlling party.