IRIS Accounts Production v24.3.2.46 SC452153 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4521532023-06-30SC4521532024-06-30SC4521532023-07-012024-06-30SC4521532022-06-30SC4521532022-07-012023-06-30SC4521532023-06-30SC452153ns15:Scotland2023-07-012024-06-30SC452153ns14:PoundSterling2023-07-012024-06-30SC452153ns10:Director12023-07-012024-06-30SC452153ns10:PrivateLimitedCompanyLtd2023-07-012024-06-30SC452153ns10:SmallEntities2023-07-012024-06-30SC452153ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-30SC452153ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-30SC452153ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-30SC452153ns10:FullAccounts2023-07-012024-06-30SC452153ns10:Director22023-07-012024-06-30SC452153ns10:RegisteredOffice2023-07-012024-06-30SC452153ns5:CurrentFinancialInstruments2024-06-30SC452153ns5:CurrentFinancialInstruments2023-06-30SC452153ns5:ShareCapital2024-06-30SC452153ns5:ShareCapital2023-06-30SC452153ns5:RetainedEarningsAccumulatedLosses2024-06-30SC452153ns5:RetainedEarningsAccumulatedLosses2023-06-30SC452153ns5:PlantMachinery2023-06-30SC452153ns5:PlantMachinery2023-07-012024-06-30SC452153ns5:PlantMachinery2024-06-30SC452153ns5:PlantMachinery2023-06-30
REGISTERED NUMBER: SC452153 (Scotland)















CHAMP ADVISORY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






CHAMP ADVISORY LIMITED (REGISTERED NUMBER: SC452153)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHAMP ADVISORY LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2024







DIRECTORS: W M Phillips
A K Phillips





REGISTERED OFFICE: 3 Clairmont Gardens
Glasgow
G3 7LW





REGISTERED NUMBER: SC452153 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

CHAMP ADVISORY LIMITED (REGISTERED NUMBER: SC452153)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 376 657

CURRENT ASSETS
Debtors 5 2,500 14,500
Cash at bank 89,829 144,032
92,329 158,532
CREDITORS
Amounts falling due within one year 6 17,410 15,894
NET CURRENT ASSETS 74,919 142,638
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,295

143,295

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 75,195 143,195
SHAREHOLDERS' FUNDS 75,295 143,295

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

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

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 4 March 2025 and were signed on its behalf by:





W M Phillips - Director


CHAMP ADVISORY LIMITED (REGISTERED NUMBER: SC452153)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024


1. STATUTORY INFORMATION

Champ Advisory Limited is a private company, limited by shares , registered in Scotland. 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 comprises the value of services provided by the company in the year, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life:

Plant and machinery etc. - 33% on cost

Taxation
Taxation for the year comprises current 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 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 4,090
DEPRECIATION
At 1 July 2023 3,433
Charge for year 281
At 30 June 2024 3,714
NET BOOK VALUE
At 30 June 2024 376
At 30 June 2023 657

CHAMP ADVISORY LIMITED (REGISTERED NUMBER: SC452153)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 2,500 14,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 4,589 2,905
Other creditors 12,821 12,989
17,410 15,894