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REGISTERED NUMBER: 10664404 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

CHANGE-IT CONSULTING LIMITED

CHANGE-IT CONSULTING LIMITED (REGISTERED NUMBER: 10664404)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company information 1

Statement of financial position 2 to 3

Notes to the financial statements 4 to 5


CHANGE-IT CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mr D Malkin
Mr C Griffin





REGISTERED OFFICE: Suite 334
The Jewellery Business Centre
95 Spencer Street
Birmingham
West Midlands
B18 6DA





REGISTERED NUMBER: 10664404 (England and Wales)





ACCOUNTANTS: NJR Accountancy Services Limited
14 Victoria Square
Droitwich Spa
Worcestershire
WR9 8DS

CHANGE-IT CONSULTING LIMITED (REGISTERED NUMBER: 10664404)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 10,142 5,301

CURRENT ASSETS
Debtors 5 589,452 546,828
Cash at bank 633,067 500,589
1,222,519 1,047,417
CREDITORS
Amounts falling due within one year 6 634,540 582,253
NET CURRENT ASSETS 587,979 465,164
TOTAL ASSETS LESS CURRENT LIABILITIES 598,121 470,465

CREDITORS
Amounts falling due after more than one year 7 (24,167 ) (34,167 )

PROVISIONS FOR LIABILITIES (1,927 ) (1,007 )
NET ASSETS 572,027 435,291

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 78,482 78,482
Retained earnings 493,445 356,709
SHAREHOLDERS' FUNDS 572,027 435,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

CHANGE-IT CONSULTING LIMITED (REGISTERED NUMBER: 10664404)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2023


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 3rd October 2023 and were signed on its behalf by:





Mr D Malkin - Director


CHANGE-IT CONSULTING LIMITED (REGISTERED NUMBER: 10664404)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Change-IT Consulting 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 3 (2022 - 3 ) .

CHANGE-IT CONSULTING LIMITED (REGISTERED NUMBER: 10664404)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1st April 2022 12,129
Additions 8,223
At 31st March 2023 20,352
DEPRECIATION
At 1st April 2022 6,828
Charge for year 3,382
At 31st March 2023 10,210
NET BOOK VALUE
At 31st March 2023 10,142
At 31st March 2022 5,301

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 559,216 416,545
Amounts owed by group undertakings 29,336 129,383
Other debtors 900 900
589,452 546,828

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 179,013 29,999
Taxation and social security 147,071 138,115
Other creditors 298,456 404,139
634,540 582,253

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 24,167 34,167