Company No: 08077683 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	27,362		31,838
		27,362		31,838
Current assets
Stocks		24,500		24,500
Debtors	5	116,764		127,096
Cash at bank and in hand		58,122		214,837
		199,386		366,433
Creditors: amounts falling due within one year	6	( 40,966)		( 82,231)
Net current assets		158,420		284,202
Total assets less current liabilities		185,782		316,040
Provision for liabilities		0		( 7,830)
Net assets		185,782		308,210
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		185,682		308,110
Total shareholder's funds		185,782		308,210

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Champion Engineering Limited (registered number: 08077683) were approved and authorised for issue by the Board of Directors on 07 October 2025. They were signed on its behalf by:

Mr D Cowell Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Champion Engineering Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery	15 % reducing balance
Vehicles	20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		7

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 June 2024	50,000		50,000
At 31 May 2025	50,000		50,000
Accumulated amortisation
At 01 June 2024	50,000		50,000
At 31 May 2025	50,000		50,000
Net book value
At 31 May 2025	0		0
At 31 May 2024	0		0

4. Tangible assets

	Plant and machinery		Vehicles		Total
	£		£		£
Cost
At 01 June 2024	21,409		65,453		86,862
Additions	1,713		0		1,713
At 31 May 2025	23,122		65,453		88,575
Accumulated depreciation
At 01 June 2024	12,668		42,356		55,024
Charge for the financial year	1,569		4,620		6,189
At 31 May 2025	14,237		46,976		61,213
Net book value
At 31 May 2025	8,885		18,477		27,362
At 31 May 2024	8,741		23,097		31,838

5. Debtors

	2025		2024
	£		£
Trade debtors	49,895		91,346
Prepayments	18,477		15,368
VAT recoverable	3,392		5,667
Other debtors	45,000		14,715
	116,764		127,096

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	14,379		30,774
Taxation and social security	16,266		42,634
Other creditors	10,321		8,823
	40,966		82,231

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares shares of £ 1.00 each	100		100

8. Ultimate controlling party

Parent Company:

MC South West Limited

Sigma House, Oak View Close, Torquay, England, TQ2 7FF