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REGISTERED NUMBER: 10203178 (England and Wales)











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: D Priest
M Hall
R D J Bussell
J R Conduit





REGISTERED OFFICE: Aquis House
18-28 Clasketgate
Lincoln
Lincolnshire
LN2 1JN





REGISTERED NUMBER: 10203178 (England and Wales)





ACCOUNTANTS: Lemans
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 20,464 25,149

CURRENT ASSETS
Debtors 5 296,076 592,815
Cash in hand 47 328
296,123 593,143
CREDITORS
Amounts falling due within one year 6 575,484 535,286
NET CURRENT (LIABILITIES)/ASSETS (279,361 ) 57,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

(258,897

)

83,006

CREDITORS
Amounts falling due after more than one year 7 - (75,000 )

PROVISIONS FOR LIABILITIES - (4,757 )
NET (LIABILITIES)/ASSETS (258,897 ) 3,249

CAPITAL AND RESERVES
Called up share capital 10 100,000 100
Retained earnings (358,897 ) 3,149
SHAREHOLDERS' FUNDS (258,897 ) 3,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 February 2024 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.

CAMPIONS S&B LIMITED (REGISTERED NUMBER: 10203178)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 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 25 November 2024 and were signed on its behalf by:





M Hall - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & equipment - 15% on reducing balance
Computer equipment - 25% on reducing balance

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 42 (2023 - 51 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Computer
& equipment equipment Totals
£    £    £   
COST
At 1 May 2023
and 29 February 2024 17,993 58,010 76,003
DEPRECIATION
At 1 May 2023 11,330 39,524 50,854
Charge for period 833 3,852 4,685
At 29 February 2024 12,163 43,376 55,539
NET BOOK VALUE
At 29 February 2024 5,830 14,634 20,464
At 30 April 2023 6,663 18,486 25,149

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 30.4.23
£    £   
Trade debtors 65,399 95,262
Other debtors 18,306 9,679
Prepayments and accrued income 212,371 487,874
296,076 592,815

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 374,566 345,932
Trade creditors 86,910 31,880
Social security and other taxes 92,425 96,521
Directors' current accounts - 46,757
Accrued expenses 21,583 14,196
575,484 535,286

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 30.4.23
£    £   
Bank loans - 36,000
Bank loans - 39,000
- 75,000

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
29.2.24 30.4.23
£    £   
Within one year 23,490 33,576
Between one and five years 30,555 56,797
54,045 90,373

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 30.4.23
£    £   
Bank overdrafts 288,149 250,349
Bank loans 86,417 170,583
374,566 420,932

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: £    £   
100,000 Ordinary £1 100,000 100

99,900 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

11. POST BALANCE SHEET EVENTS

On the 25 March 2024 all trade was transferred from Campions Solicitors Limited to Sills & Betteridge LLP.