Champion Sound Manchester Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08458316 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CHAMPION SOUND MANCHESTER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Windle

REGISTERED OFFICE:

Oaktree Court Business Centre

Mill Lane

Ness

Cheshire

CH64 8TP

REGISTERED NUMBER:

08458316 (England and Wales)

ACCOUNTANTS:

Michael Donnan & Co Limited

Oaktree Court Business Ctr

Mill Lane

Ness

Cheshire

CH64 8TP

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

96,064

97,495

96,064

97,495

CURRENT ASSETS

Debtors

6

84,802

102,485

Cash at bank

21,749

30,434

106,551

132,919

CREDITORS

Amounts falling due within one year

7

27,252

40,240

NET CURRENT ASSETS

79,299

92,679

TOTAL ASSETS LESS CURRENT
LIABILITIES

175,363

190,174

PROVISIONS FOR LIABILITIES

18,000

NET ASSETS

157,363

172,174

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

9

157,263

172,074

SHAREHOLDERS' FUNDS

157,363

172,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 25 November 2025 and were signed by:

S Windle - Director

1.	STATUTORY INFORMATION

Champion Sound Manchester Limited 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 (£).

Transactions are rounded to the nearest £.

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 represents net invoiced sales of sound recording services and hire of equipment, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over 5 years.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

35,000

AMORTISATION

At 1 April 2024

and 31 March 2025

35,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 April 2024

261,766

33,777

5,541

301,084

Additions

23,925

-

1,469

25,394

Disposals

(980

)

-

(980

)

At 31 March 2025

284,711

33,777

7,010

325,498

DEPRECIATION

At 1 April 2024

179,977

18,624

4,988

203,589

Charge for year

22,724

3,788

219

26,731

Eliminated on disposal

(886

)

-

(886

)

At 31 March 2025

201,815

22,412

5,207

229,434

NET BOOK VALUE

At 31 March 2025

82,896

11,365

1,803

96,064

At 31 March 2024

81,789

15,153

553

97,495

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Trade debtors

2,515

10,633

Directors' current accounts

61,983

78,063

Prepayments and accrued income

20,304

13,789

84,802

102,485

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Tax

20,026

33,288

Social security and other taxes

-

283

VAT

5,026

4,579

Accrued expenses

2,200

2,090

27,252

40,240

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

100

Ordinary

£1

100

9.

RESERVES

Retained

earnings

£

At 1 April 2024

172,074

Profit for the year

69,452

Dividends

(84,263

)

At 31 March 2025

157,263

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25

31/3/24

£

S Windle

Balance outstanding at start of year

78,063

86,567

Amounts advanced

79,579

78,096

Amounts repaid

(95,659

)

(86,600

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

61,983

78,063

The above advance was interest free, had no fixed repayment date and was unsecured.