Channel Corporate Communications Limited 04302336 false 2023-06-01 2024-05-31 2024-05-31 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 2023-06-01 2024-05-31 04302336 2024-05-31 04302336 core:RetainedEarningsAccumulatedLosses 2024-05-31 04302336 core:ShareCapital 2024-05-31 04302336 core:CurrentFinancialInstruments 2024-05-31 04302336 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 04302336 core:OfficeEquipment 2024-05-31 04302336 bus:SmallEntities 2023-06-01 2024-05-31 04302336 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 04302336 bus:FilletedAccounts 2023-06-01 2024-05-31 04302336 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 04302336 bus:CompanySecretary1 2023-06-01 2024-05-31 04302336 bus:Director2 2023-06-01 2024-05-31 04302336 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04302336 core:OfficeEquipment 2023-06-01 2024-05-31 04302336 countries:EnglandWales 2023-06-01 2024-05-31 04302336 2023-05-31 04302336 core:OfficeEquipment 2023-05-31 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 iso4217:GBP xbrli:pure

Registration number: 04302336

Channel Corporate Communications Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

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 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

639

973

Current assets

 

Debtors

5

382

1,322

Cash at bank and in hand

 

1,938

2,922

 

2,320

4,244

Creditors: Amounts falling due within one year

6

(13,064)

(17,947)

Net current liabilities

 

(10,744)

(13,703)

Net liabilities

 

(10,105)

(12,730)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(10,106)

(12,731)

Shareholders' deficit

 

(10,105)

(12,730)

 

Channel Corporate Communications Limited

(Registration number: 04302336)
Balance Sheet
31 May 2024

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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 delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 November 2024
 

.........................................
D J Mountford
Director

 

Channel Corporate Communications Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2024

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 21 November 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 2024

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.

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 (2023 - 1).

 

Channel Corporate Communications Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2024

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 June 2023

5,053

5,053

Disposals

(2,408)

(2,408)

At 31 May 2024

2,645

2,645

Depreciation

At 1 June 2023

4,079

4,079

Charge for the year

213

213

Eliminated on disposal

(2,286)

(2,286)

At 31 May 2024

2,006

2,006

Carrying amount

At 31 May 2024

639

639

At 31 May 2023

973

973

 

Channel Corporate Communications Limited

Notes to the Unaudited Financial Statements
Year Ended 31 May 2024

5

Debtors

2024
£

2023
£

Trade debtors

382

836

Prepayments

-

486

382

1,322

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

1,383

5,353

Taxation and social security

5,057

5,138

Accruals and deferred income

1,088

1,050

Other creditors

5,536

6,406

13,064

17,947