Gareth Channon Financial Consultancy Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04685356

Gareth Channon Financial Consultancy Limited

Filleted Unaudited Financial Statements

31 March 2025

Gareth Channon Financial Consultancy Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Gareth Channon Financial Consultancy Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gareth Channon Financial Consultancy Limited for the year ended 31 March 2025, which comprise the statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Gareth Channon Financial Consultancy Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Gareth Channon Financial Consultancy Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gareth Channon Financial Consultancy Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gareth Channon Financial Consultancy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gareth Channon Financial Consultancy Limited. You consider that Gareth Channon Financial Consultancy Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Gareth Channon Financial Consultancy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

PAUL PHILLIS & CO LIMITED Chartered accountants

11a Corelli Street Newport South Wales NP19 7AR

9 December 2025

Gareth Channon Financial Consultancy Limited

Statement of Financial Position

31 March 2025

	2025		2024
	£	£	£
Fixed assets		2,562	1,485
		-------	-------

Current assets		79,262	113,337

Creditors: amounts falling due within one year	52,205	85,969
	--------	---------
Net current assets	27,057	27,368
	--------	--------
Total assets less current liabilities	29,619	28,853

Creditors: amounts falling due after more than one year		1,310	7,636

Accruals and deferred income	1,800	1,650
	--------	--------
	26,509	19,567
	--------	--------

Capital and reserves	26,509	19,567
	--------	--------

Notes to the financial statements

1. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

2. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr G. Channon	40,864	28,505	( 69,000)	369
Mrs M. Channon	30,153	58,449	( 46,000)	42,602
	--------	--------	---------	--------
	71,017	86,954	( 115,000)	42,971
	--------	--------	---------	--------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr G. Channon	47,869	108,670	( 115,675)	40,864
Mrs M. Channon	22,077	54,076	( 46,000)	30,153
	--------	---------	---------	--------
	69,946	162,746	( 161,675)	71,017
	--------	---------	---------	--------

Interest is charged at 2.25% (2024 - 2.25%) per annum and the loans are repayable on demand.

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

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements were approved by the board of directors and authorised for issue on 6 November 2025 , and are signed on behalf of the board by:

Mr G. Channon
Director

Company registration number: 04685356

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Elwyn Drive, Thomastown, Merthyr Tydfil, Mid Glamorgan, CF47 0NJ.