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Company Registration No. 12271826 (England and Wales)
CHAMPION ACCESS EUROPE LIMITED Unaudited accounts for the year ended 31 October 2024
CHAMPION ACCESS EUROPE LIMITED Unaudited accounts Contents
Page
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CHAMPION ACCESS EUROPE LIMITED Company Information for the year ended 31 October 2024
Director
Mei yan Peggy FUNG
Company Number
12271826 (England and Wales)
Registered Office
20 BURTON ROAD MANCHESTER GREATER MANCHESTER M20 3ED ENGLAND
Accountants
Lams Accountants 20 Burton Road Didsbury Manchester Greater Manchester M20 3ED
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CHAMPION ACCESS EUROPE LIMITED Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,137 
20,345 
Current assets
Inventories
12,817 
17,849 
Debtors
53,683 
51,982 
Cash at bank and in hand
64,729 
90,408 
131,229 
160,239 
Creditors: amounts falling due within one year
(34,723)
(68,786)
Net current assets
96,506 
91,453 
Total assets less current liabilities
113,643 
111,798 
Creditors: amounts falling due after more than one year
(99,993)
(99,993)
Net assets
13,650 
11,805 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
13,649 
11,804 
Shareholders' funds
13,650 
11,805 
For the year ending 31 October 2024 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 April 2025 and were signed on its behalf by
Mei yan Peggy FUNG Director Company Registration No. 12271826
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CHAMPION ACCESS EUROPE LIMITED Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
CHAMPION ACCESS EUROPE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12271826. The registered office is 20 BURTON ROAD, MANCHESTER, GREATER MANCHESTER, M20 3ED, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Fixtures & fittings
20% Reducing Balance
Computer equipment
25% Reducing Balance
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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CHAMPION ACCESS EUROPE LIMITED Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
29,122 
4,641 
822 
34,585 
At 31 October 2024
29,122 
4,641 
822 
34,585 
Depreciation
At 1 November 2023
11,581 
2,164 
495 
14,240 
Charge for the year
2,631 
495 
82 
3,208 
At 31 October 2024
14,212 
2,659 
577 
17,448 
Net book value
At 31 October 2024
14,910 
1,982 
245 
17,137 
At 31 October 2023
17,541 
2,477 
327 
20,345 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
252 
- 
Trade debtors
3,431 
1,982 
3,683 
1,982 
Amounts falling due after more than one year
Other debtors
50,000 
50,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
31,398 
65,169 
Taxes and social security
2,001 
2,512 
Other creditors
53 
50 
Loans from directors
1,271 
1,055 
34,723 
68,786 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
99,993 
99,993 
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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