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
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
CHAMPION ACCESS EUROPE LIMITED
Statement of financial position
as at 31 October 2024
Tangible assets
17,137
20,345
Cash at bank and in hand
64,729
90,408
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)
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
CHAMPION ACCESS EUROPE LIMITED
Notes to the Accounts
for the year ended 31 October 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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.
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.
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
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
At 31 October 2024
14,910
1,982
245
17,137
At 31 October 2023
17,541
2,477
327
20,345
Amounts falling due within one year
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
Loans from directors
1,271
1,055
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).