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REGISTERED NUMBER: 03997302 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CHANNOIL CONSULTING LIMITED

CHANNOIL CONSULTING LIMITED (REGISTERED NUMBER: 03997302)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHANNOIL CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr C L Daly
Mr R M Waddington





SECRETARY: Commercial Secretariat Limited





REGISTERED OFFICE: Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN





REGISTERED NUMBER: 03997302 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

CHANNOIL CONSULTING LIMITED (REGISTERED NUMBER: 03997302)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 719 1,218

CURRENT ASSETS
Debtors 5 44,974 132,924
Cash at bank 138,603 70,902
183,577 203,826
CREDITORS
Amounts falling due within one year 6 37,257 112,741
NET CURRENT ASSETS 146,320 91,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,039

92,303

PROVISIONS FOR LIABILITIES 105 -
NET ASSETS 146,934 92,303

CAPITAL AND RESERVES
Called up share capital 4,400 4,400
Share premium 1,245 1,245
Capital redemption reserve 13,174 13,174
Other reserves 645 645
Retained earnings 127,470 72,839
SHAREHOLDERS' FUNDS 146,934 92,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

CHANNOIL CONSULTING LIMITED (REGISTERED NUMBER: 03997302)

BALANCE SHEET - continued
31 DECEMBER 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 28 January 2025 and were signed on its behalf by:




Mr C L Daly - Director



Mr R M Waddington - Director


CHANNOIL CONSULTING LIMITED (REGISTERED NUMBER: 03997302)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Channoil Consulting 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.

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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 January 2024
and 31 December 2024 3,352
DEPRECIATION
At 1 January 2024 2,134
Charge for year 499
At 31 December 2024 2,633
NET BOOK VALUE
At 31 December 2024 719
At 31 December 2023 1,218

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 28,000 97,753
Other debtors 1,410 1,410
Prepayments & accrued income 15,564 33,761
44,974 132,924

CHANNOIL CONSULTING LIMITED (REGISTERED NUMBER: 03997302)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 22,875 105,405
Corporation tax 6,362 630
Social security and other taxes 3,735 2,701
Other creditors - 2
Pension contributions payable 342 -
Accruals & deferred income 3,943 4,003
37,257 112,741

7. ULTIMATE CONTROLLING PARTY

Mr C L Daly is the ultimate controlling party.