Wayne Channon Limited

Wayne Channon Limited
Contents Page
For the year ended 31 March 2025

Company information	1
Balance sheet	2
Notes to the financial statements	3

Wayne Channon Limited
Company Information
For the year ended 31 March 2025

Director	Wayne Matthew Channon
Registered Number	07329179
Registered Office	Wilmshurst Fletching Uckfield East Sussex TN22 3YB
Accountants	OMB Tax Limited Unit 10, Clayfield Mews Newcomen Road Tunbridge Wells TN4 9PA

1

Registered Number: 07329179 Wayne Channon Limited
Balance Sheet
As at 31 March 2025

	Notes	2025 £	2024 £
Current assets
Cash at bank and in hand		3,580	3,580
Creditors: amount falling due within one year	3	(197,877)	(197,877)
Net current assets		(194,297)	(194,297)

Total assets less current liabilities		(194,297)	(194,297)
Net assets		(194,297)	(194,297)

Capital and reserves
Called up share capital	4	2	2
Share premium account	5	4,999	4,999
Profit and loss account		(199,298)	(199,298)
Shareholders' funds		(194,297)	(194,297)

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

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question 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 accounts.

These 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 profit and loss account has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 30 December 2025 and were signed by:

-------------------------------
Wayne Matthew Channon
Director

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Wayne Channon Limited
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

Wayne Channon Limited is a private company, limited by shares, registered in England and Wales, under 07329179, at Wilmshurst, Fletching, Uckfield, East Sussex, TN22 3YB. The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 including Section 1A "Small Entities".

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the Company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the fair value of consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The Company's liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted.

2.	Average number of employees Average number of employees during the year was 0 (2024 : 0).

3.

Creditors: amount falling due within one year

	2025 £	2024 £
Channon Consultants LLP	58,079	58,079
Corporation Tax	-	3,430
Accrued Expenses	750	749
Directors' Current Accounts	139,048	135,619
	197,877	197,877

4.

Share Capital

Allotted, called up and fully paid	2025 £	2024 £
1 Ordinary share of £1.00 each	1	1
1 Class B share of £1.00 each	1	1
	2	2

5.

Share premium account

	2025 £		2024 £
Equity Share Premium b/fwd	4,999		4,999
	4,999		4,999

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Registered Number: 07329179
England and Wales
WAYNE CHANNON LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025