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REGISTERED NUMBER: 07318821 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2023

FOR

CHANNELSOFT CONSULTING LTD

CHANNELSOFT CONSULTING LTD (REGISTERED NUMBER: 07318821)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CHANNELSOFT CONSULTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr A McKnight
Ms I Nunes





REGISTERED OFFICE: 47 Watson Avenue
St. Albans
Hertfordshire
AL3 5HP





REGISTERED NUMBER: 07318821 (England and Wales)





ACCOUNTANTS: JSA Services Limited
4th Floor
Radius House
51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

CHANNELSOFT CONSULTING LTD (REGISTERED NUMBER: 07318821)

ABRIDGED BALANCE SHEET
31 JULY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 330 283

CURRENT ASSETS
Debtors 1,376 63,542
Cash at bank 30,566 26,053
31,942 89,595
CREDITORS
Amounts falling due within one year 17,322 50,380
NET CURRENT ASSETS 14,620 39,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,950

39,498

CREDITORS
Amounts falling due after more than one
year

8,121

12,033
NET ASSETS 6,829 27,465

CAPITAL AND RESERVES
Called up share capital 6 10 10
Retained earnings 6,819 27,455
SHAREHOLDERS' FUNDS 6,829 27,465

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

CHANNELSOFT CONSULTING LTD (REGISTERED NUMBER: 07318821)

ABRIDGED BALANCE SHEET - continued
31 JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 March 2024 and were signed on its behalf by:





Mr A McKnight - Director


CHANNELSOFT CONSULTING LTD (REGISTERED NUMBER: 07318821)

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


1. STATUTORY INFORMATION

Channelsoft Consulting 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 August 2022 1,299
Additions 495
At 31 July 2023 1,794
DEPRECIATION
At 1 August 2022 1,016
Charge for year 448
At 31 July 2023 1,464
NET BOOK VALUE
At 31 July 2023 330
At 31 July 2022 283

CHANNELSOFT CONSULTING LTD (REGISTERED NUMBER: 07318821)

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


6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
10 Ordinary £1 10 10

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£ £
Mr A McKnight
Balance outstanding at start of year (14,246 ) (21,679 )
Amounts advanced 23,526 25,000
Amounts repaid (13,849 ) (17,567 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,569 ) (14,246 )

Ms I Nunes
Balance outstanding at start of year - -
Amounts advanced 16,000 -
Amounts repaid (22,905 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,905 ) -