CHALLENGING PRICES LIMITED

Company Registration Number:
14912687 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 4 June 2023

End date: 30 June 2024

CHALLENGING PRICES LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

CHALLENGING PRICES LIMITED

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

The company is engaged in the retail and whole sale of clothing and fashion items, offering trendy and high-quality products to customers.



Directors

The director shown below has held office during the period of
1 July 2023 to 30 June 2024

Muhammad Kashif Fazal ur Rehman


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 March 2025

And signed on behalf of the board by:
Name: Muhammad Kashif Fazal ur Rehman
Status: Director

CHALLENGING PRICES LIMITED

Profit And Loss Account

for the Period Ended 30 June 2024

13 months to 30 June 2024


£
Turnover: 0
Cost of sales: 0
Gross profit(or loss): 0
Distribution costs: 0
Administrative expenses: 0
Other operating income: 0
Operating profit(or loss): 0
Interest receivable and similar income: 0
Interest payable and similar charges: 0
Profit(or loss) before tax: 0
Tax: 0
Profit(or loss) for the financial year: 0

CHALLENGING PRICES LIMITED

Balance sheet

As at 30 June 2024

Notes 13 months to 30 June 2024


£
Called up share capital not paid: 1
Fixed assets
Intangible assets: 3 1
Tangible assets: 4 1
Investments: 5 1
Total fixed assets: 3
Current assets
Stocks: 6 1
Debtors: 7 1
Investments: 8 1
Total current assets: 3
Prepayments and accrued income: 1
Creditors: amounts falling due within one year: 9 ( 1 )
Net current assets (liabilities): 3
Total assets less current liabilities: 7
Creditors: amounts falling due after more than one year: 10 ( 1 )
Provision for liabilities: ( 1 )
Accruals and deferred income: ( 1 )
Total net assets (liabilities): 4
Capital and reserves
Called up share capital: 1
Share premium account: 1
Other reserves: 1
Profit and loss account: 1
Total Shareholders' funds: 4

The notes form part of these financial statements

CHALLENGING PRICES LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 March 2025
and signed on behalf of the board by:

Name: Muhammad Kashif Fazal ur Rehman
Status: Director

The notes form part of these financial statements

CHALLENGING PRICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The company recognises turnover at the point when goods are sold and delivered to the customer, and revenue is measured at the fair value of consideration received, excluding VAT and discounts

CHALLENGING PRICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    13 months to 30 June 2024
    Average number of employees during the period 0

CHALLENGING PRICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
Additions 1 1
Disposals ( 1 ) ( 1 )
Revaluations 1 1
Transfers 1 1
At 30 June 2024 2 2
Amortisation
Charge for year 1 1
On disposals ( 1 ) ( 1 )
Other adjustments 1 1
At 30 June 2024 1 1
Net book value
At 30 June 2024 1 1

CHALLENGING PRICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 1 1
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 30 June 2024 1 1
Depreciation
Charge for year 0 0
On disposals 0 0
Other adjustments 0 0
At 30 June 2024 0 0
Net book value
At 30 June 2024 1 1

CHALLENGING PRICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Fixed assets investments note

The company did not have any fixed asset investments as of 30 June 2024.

CHALLENGING PRICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Stocks

13 months to 30 June 2024
£
Stocks 1
Payments on account 0
Total 1

CHALLENGING PRICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

7. Debtors

13 months to 30 June 2024
£
Trade debtors 0
Prepayments and accrued income 0
Other debtors 1
Total 1
Debtors due after more than one year: 0

CHALLENGING PRICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

8. Current assets investments note

The company did not have any current asset investments as of 30 June 2024.

CHALLENGING PRICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

9. Creditors: amounts falling due within one year note

13 months to 30 June 2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 1
Taxation and social security 0
Accruals and deferred income 0
Total 1

CHALLENGING PRICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

10. Creditors: amounts falling due after more than one year note

13 months to 30 June 2024
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Other creditors 1
Total 1