ACCOUNTS - Final Accounts preparation

Registered number: NI732733

Channel Builders Ltd

Unaudited

Financial statements

Information for filing with the registrar

For the Period Ended 30 June 2026

Channel Builders Ltd

Registered number: NI732733

Balance Sheet

As at 30 June 2026

	2026	2026
Note	£	£

Fixed assets
Tangible assets	4		988
			988
Current assets
Debtors: amounts falling due within one year	5	7,071
Cash at bank and in hand	6	6,056
		13,127
Creditors: amounts falling due within one year	7	(79,277)
Net current (liabilities)/assets			(66,150)
Total assets less current liabilities			(65,162)

Net (liabilities)/assets			(65,162)

Capital and reserves
Called up share capital	8	100
Profit and loss account		(65,262)
		(65,162)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 September 2026.

Kenneth Aitken	Natasha Amy Jones
Director	Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

Channel Builders Ltd

Notes to the Financial Statements

For the Period Ended 30 June 2026

1.	General information

Channel Builders Limited is a private company limited by shares incorporated in Northern Ireland within the United Kingdom. The registration number and address of the registered office are given in the company information section of these financial statements.

The presentation currency is that of Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

The directors of Channel Builders Ltd have reviewed the resources available and believe that
the company has adequate resources to continue in operational existence for the foreseeable future.
Accordingly, Channel Builders Ltd continues to adopt the going concern basis in preparing the
financial statements.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

Channel Builders Ltd

Notes to the Financial Statements

For the Period Ended 30 June 2026

2.Accounting policies (continued)

2.4

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

10%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the period was 2.

Page 3

Channel Builders Ltd

Notes to the Financial Statements

For the Period Ended 30 June 2026

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	Additions	1,100
	At 30 June 2026	1,100
	Depreciation
	Charge for the period	112
	At 30 June 2026	112
	Net book value
	At 30 June 2026	988

Debtors

					2026
					£


	Other debtors	4,703
	Prepayments and accrued income	2,368
		7,071

Page 4

Channel Builders Ltd

Notes to the Financial Statements

For the Period Ended 30 June 2026

6.	Cash and cash equivalents
		2026
		£

	Cash at bank and in hand	6,056
		6,056

7.	Creditors: Amounts falling due within one year
		2026
		£

	Trade creditors	2,859
	Other taxation and social security	1,374
	Other creditors	75,044
		79,277

8.	Share capital
		2026
		£

		Allotted, called up and fully paid

		10,000 Ordinary shares of £0.01 each	100

The issued share capital comprises 10,000 ordinary shares of £0.01 each. Each ordinary share carries one vote and ranks equally with all other ordinary shares in respect of dividends and distributions.

9.	Related party transactions
	There were no related party transactions during the year requiring disclosure under FRS 102 Section 1A.

10.	Controlling party

The ultimate controlling party is Ka Tech Investments Pty Ltd.

Page 5