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REGISTERED NUMBER: 03546537 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Sales Channel Ltd

Sales Channel Ltd (Registered number: 03546537)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sales Channel Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: T Robinson
Mrs J S Robinson





SECRETARY: Mrs J S Robinson





REGISTERED OFFICE: Mulberry House
Hamlash Lane
Frensham
Farnham
Surrey
GU10 3AT





REGISTERED NUMBER: 03546537 (England and Wales)





ACCOUNTANTS: Pride Accountants
Polymer Court
Hope Street
Dudley
West Midlands
DY2 8RS

Sales Channel Ltd (Registered number: 03546537)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 245,548 266,011
Tangible assets 5 189 257
Investments 6 190,960 190,960
436,697 457,228

CURRENT ASSETS
Debtors 7 84,350 35,236
Cash at bank 90,970 48,813
175,320 84,049
CREDITORS
Amounts falling due within one year 8 302,521 287,894
NET CURRENT LIABILITIES (127,201 ) (203,845 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,496

253,383

PROVISIONS FOR LIABILITIES 9 49 48
NET ASSETS 309,447 253,335

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 309,347 253,235
SHAREHOLDERS' FUNDS 309,447 253,335

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Sales Channel Ltd (Registered number: 03546537)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:




T Robinson - Director



Mrs J S Robinson - Director


Sales Channel Ltd (Registered number: 03546537)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Sales Channel 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Office equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Sales Channel Ltd (Registered number: 03546537)

Notes to the Financial Statements - continued
for the Year Ended 30 April 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 409,252
AMORTISATION
At 1 May 2023 143,241
Charge for year 20,463
At 30 April 2024 163,704
NET BOOK VALUE
At 30 April 2024 245,548
At 30 April 2023 266,011

Sales Channel Ltd (Registered number: 03546537)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 2,325 4,263 6,588
DEPRECIATION
At 1 May 2023 2,213 4,118 6,331
Charge for year 17 51 68
At 30 April 2024 2,230 4,169 6,399
NET BOOK VALUE
At 30 April 2024 95 94 189
At 30 April 2023 112 145 257

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 190,960
NET BOOK VALUE
At 30 April 2024 190,960
At 30 April 2023 190,960

Fixed asset investments relate to the equity shares held in Safetech SLU (a company registered in Spain, company registration number B78909462).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 19,525 19,694
Corporation tax recoverable - 10,542
Loan with associated companies 59,825 -
Prepayments 5,000 5,000
84,350 35,236

Sales Channel Ltd (Registered number: 03546537)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 18,441 3,814
Other creditors 284,080 284,080
302,521 287,894

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 49 48

Deferred
tax
£   
Balance at 1 May 2023 48
Provided during year 1
Balance at 30 April 2024 49

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
80 Ordinary 'A' shares £1 80 80
20 Ordinary 'B' non-voting shares £1 20 20
100 100

11. RELATED PARTY DISCLOSURES

Creditors (including non interest bearing loans) as at 30th April 2024 include due to FlexEJ Limited £240,000 (2023 - £240,000) and due to Precision Appointments Limited £43,000 (2023 - £43,000).

Debtors as at 30th April 2024 include due from FlexEJ Limited £63,425 (2023 - £3,600) and due from MMPI Manufacturing Limited £8,600 (2023 - £8,600) .

Sales Channel Limited, FlexEj Limited, MMPI Manufacturing Limited and Precision Appointments Limited share common directors and shareholders.

12. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors, Mr T Robinson and Mrs J S Robinson, as they own all of the issued share capital.