REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MAY 2023 TO 29 FEBRUARY 2024 |
FOR |
CAMPIONS S&B LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MAY 2023 TO 29 FEBRUARY 2024 |
FOR |
CAMPIONS S&B LIMITED |
CAMPIONS S&B LIMITED (REGISTERED NUMBER: 10203178) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MAY 2023 TO 29 FEBRUARY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
CAMPIONS S&B LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 MAY 2023 TO 29 FEBRUARY 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
29 Arboretum Street |
Nottingham |
Nottinghamshire |
NG1 4JA |
CAMPIONS S&B LIMITED (REGISTERED NUMBER: 10203178) |
BALANCE SHEET |
29 FEBRUARY 2024 |
29.2.24 | 30.4.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET (LIABILITIES)/ASSETS | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
CAMPIONS S&B LIMITED (REGISTERED NUMBER: 10203178) |
BALANCE SHEET - continued |
29 FEBRUARY 2024 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
CAMPIONS S&B LIMITED (REGISTERED NUMBER: 10203178) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 MAY 2023 TO 29 FEBRUARY 2024 |
1. | STATUTORY INFORMATION |
Campions S&B Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company ceased trading on the 29 February 2024. |
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound. |
Turnover |
Turnover represents amounts chargeable to clients, both billed and unbilled, for the provision of legal services exclusive of recharges and VAT. Fee income that is contingent on events outside the control of the company is recognised when the contingent event occurs. |
Services provided to clients during the year in respect of non contingent fee arrangements, which at the balance sheet date have not been billed to clients, have been recognised as unbilled income, based on an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. |
Tangible fixed assets |
Fixtures & equipment | - |
Computer equipment | - |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
CAMPIONS S&B LIMITED (REGISTERED NUMBER: 10203178) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 MAY 2023 TO 29 FEBRUARY 2024 |
2. | ACCOUNTING POLICIES - continued |
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 period 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Fixtures | Computer |
& equipment | equipment | Totals |
£ | £ | £ |
COST |
At 1 May 2023 |
and 29 February 2024 |
DEPRECIATION |
At 1 May 2023 |
Charge for period |
At 29 February 2024 |
NET BOOK VALUE |
At 29 February 2024 |
At 30 April 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.2.24 | 30.4.23 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
CAMPIONS S&B LIMITED (REGISTERED NUMBER: 10203178) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 MAY 2023 TO 29 FEBRUARY 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.2.24 | 30.4.23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Social security and other taxes |
Directors' current accounts | - | 46,757 |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
29.2.24 | 30.4.23 |
£ | £ |
Bank loans |
Bank loans |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
29.2.24 | 30.4.23 |
£ | £ |
Within one year |
Between one and five years |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
29.2.24 | 30.4.23 |
£ | £ |
Bank overdrafts |
Bank loans |
The directors have provided personal guarantees in respect of bank borrowings. |
CAMPIONS S&B LIMITED (REGISTERED NUMBER: 10203178) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 MAY 2023 TO 29 FEBRUARY 2024 |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 29.2.24 | 30.4.23 |
value: | £ | £ |
Ordinary | £1 | 100,000 | 100 |
99,900 Ordinary shares of £1 each were allotted and fully paid for |
11. | POST BALANCE SHEET EVENTS |
On the 25 March 2024 all trade was transferred from Campions Solicitors Limited to Sills & Betteridge LLP. |