Channel Corporate Communications Limited 04302336 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is that of the supply of mobile and landline solutions to businesses. Digita Accounts Production Advanced 6.30.9574.0 true true 04302336 2022-06-01 2023-05-31 04302336 2023-05-31 04302336 core:RetainedEarningsAccumulatedLosses 2023-05-31 04302336 core:ShareCapital 2023-05-31 04302336 core:CurrentFinancialInstruments 2023-05-31 04302336 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 04302336 core:OfficeEquipment 2023-05-31 04302336 bus:SmallEntities 2022-06-01 2023-05-31 04302336 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 04302336 bus:FullAccounts 2022-06-01 2023-05-31 04302336 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 04302336 bus:CompanySecretary1 2022-06-01 2023-05-31 04302336 bus:Director2 2022-06-01 2023-05-31 04302336 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 04302336 core:OfficeEquipment 2022-06-01 2023-05-31 04302336 countries:EnglandWales 2022-06-01 2023-05-31 04302336 2022-05-31 04302336 core:OfficeEquipment 2022-05-31 04302336 2021-06-01 2022-05-31 04302336 2022-05-31 04302336 core:RetainedEarningsAccumulatedLosses 2022-05-31 04302336 core:ShareCapital 2022-05-31 04302336 core:CurrentFinancialInstruments 2022-05-31 04302336 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 04302336 core:OfficeEquipment 2022-05-31 iso4217:GBP xbrli:pure

Registration number: 04302336

Channel Corporate Communications Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 May 2023

 

Channel Corporate Communications Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Channel Corporate Communications Limited

Company Information

Director

D J Mountford

Company secretary

Burton Sweet Company Secretarial Limited

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Channel Corporate Communications Limited

(Registration number: 04302336)
Balance Sheet
31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

973

1,319

Current assets

 

Debtors

5

1,322

2,264

Cash at bank and in hand

 

2,922

2,092

 

4,244

4,356

Creditors: Amounts falling due within one year

6

(17,947)

(12,090)

Net current liabilities

 

(13,703)

(7,734)

Net liabilities

 

(12,730)

(6,415)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(12,731)

(6,416)

Shareholders' deficit

 

(12,730)

(6,415)

 

Channel Corporate Communications Limited

(Registration number: 04302336)
Balance Sheet
31 May 2023

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 19 February 2024
 


D J Mountford
Director

 

Channel Corporate Communications Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The principal place of business is:
Suite 3U
Elizabeth House
30-32 The Boulevard
Weston Super Mare
North Somerset
BS23 1NF

These financial statements were authorised for issue by the director on 19 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going conern basis. The director provides ongoing support so that that the Company is able to pay its debts when they fall due.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities and is shown net of value added tax.

 

Channel Corporate Communications Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2023

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% per annum reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business and are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Channel Corporate Communications Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 June 2022

6,770

6,770

Disposals

(1,718)

(1,718)

At 31 May 2023

5,052

5,052

Depreciation

At 1 June 2022

5,451

5,451

Charge for the year

346

346

Eliminated on disposal

(1,718)

(1,718)

At 31 May 2023

4,079

4,079

Carrying amount

At 31 May 2023

973

973

At 31 May 2022

1,319

1,319

 

Channel Corporate Communications Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2023

5

Debtors

2023
£

2022
£

Trade debtors

836

2,264

Prepayments

486

-

1,322

2,264

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

 

Trade creditors

 

5,353

2,235

Taxation and social security

 

5,138

4,973

Other creditors

 

7,456

4,882

 

17,947

12,090