REGISTERED NUMBER: 03546537 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Sales Channel Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Robinson

Mrs J S Robinson

SECRETARY:

Mrs J S Robinson

REGISTERED OFFICE:

Mulberry House

Hamlash Lane

Frensham

Farnham

Surrey

GU10 3AT

REGISTERED NUMBER:

03546537 (England and Wales)

ACCOUNTANTS:

Pride Accountants

Polymer Court

Hope Street

Dudley

West Midlands

DY2 8RS

FIXED ASSETS

Intangible assets

4

225,085

245,548

Tangible assets

5

151

189

Investments

6

190,960

190,960

416,196

436,697

CURRENT ASSETS

Debtors

7

77,443

84,350

Cash at bank

76,288

90,970

153,731

175,320

CREDITORS

Amounts falling due within one year

8

254,510

302,521

NET CURRENT LIABILITIES

(100,779

)

(127,201

)

TOTAL ASSETS LESS CURRENT LIABILITIES

315,417

309,496

PROVISIONS FOR LIABILITIES

9

37

49

NET ASSETS

315,380

309,447

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

315,280

309,347

SHAREHOLDERS' FUNDS

315,380

309,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 14 October 2025 and were signed on its behalf by:

T Robinson - Director

Mrs J S Robinson - Director

1.	STATUTORY INFORMATION

Sales Channel Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Office equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2024

and 30 April 2025

409,252

AMORTISATION

At 1 May 2024

163,704

Charge for year

20,463

At 30 April 2025

184,167

NET BOOK VALUE

At 30 April 2025

225,085

At 30 April 2024

245,548

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

COST

At 1 May 2024

and 30 April 2025

2,325

4,263

6,588

DEPRECIATION

At 1 May 2024

2,230

4,169

6,399

Charge for year

14

24

38

At 30 April 2025

2,244

4,193

6,437

NET BOOK VALUE

At 30 April 2025

81

70

151

At 30 April 2024

95

94

189

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2024

and 30 April 2025

190,960

NET BOOK VALUE

At 30 April 2025

190,960

At 30 April 2024

190,960

Fixed asset investments relate to the equity shares held in Safetech SLU (a company registered in Spain, company registration number B78909462).

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

19,443

19,525

Loan with associated companies

-

59,825

VAT

53,000

-

Prepayments

5,000

5,000

77,443

84,350

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

231,946

-

Taxation and social security

21,484

18,441

Other creditors

1,080

284,080

254,510

302,521

9.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

37

49

Deferred

tax

£

Balance at 1 May 2024

49

Provided during year

(12

)

Balance at 30 April 2025

37

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

80

Ordinary 'A' shares

£1

80

80

20

Ordinary 'B' non-voting shares

£1

20

20

100

100

11.	RELATED PARTY DISCLOSURES

Creditors (including non interest bearing loans) as at 30th April 2025 include due to FlexEJ Limited £nil (2024 - £240,000), to MMPI Manufacturing Limited £180,346 (2024 - £nil) and due to Precision Appointments Limited £51,600 (2024 - £43,000).

Debtors as at 30th April 2025 include due from FlexEJ Limited £7,200 (2024 - £63,425) and due from MMPI Manufacturing Limited £12,200 (2024 - £8,600) .

Sales Channel Limited, FlexEj Limited, MMPI Manufacturing Limited and Precision Appointments Limited share common directors and shareholders.

12.	ULTIMATE CONTROLLING PARTY

The company is under the control of its directors, Mr T Robinson and Mrs J S Robinson, as they own all of the issued share capital.