2 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 3,086 3,329 565 5,850 1,575 605 71 2,109 3,741 1,511 xbrli:pure xbrli:shares iso4217:GBP 10986121 2022-04-01 2023-03-31 10986121 2023-03-31 10986121 2022-03-31 10986121 2021-04-01 2022-03-31 10986121 2022-03-31 10986121 2021-03-31 10986121 bus:Director2 2022-04-01 2023-03-31 10986121 bus:Director1 2022-04-01 2023-03-31 10986121 core:WithinOneYear 2023-03-31 10986121 core:WithinOneYear 2022-03-31 10986121 core:ShareCapital 2023-03-31 10986121 core:ShareCapital 2022-03-31 10986121 core:RetainedEarningsAccumulatedLosses 2023-03-31 10986121 core:RetainedEarningsAccumulatedLosses 2022-03-31 10986121 bus:Director1 2022-03-31 10986121 bus:Director1 2023-03-31 10986121 bus:Director2 2022-03-31 10986121 bus:Director2 2023-03-31 10986121 bus:Director1 2021-03-31 10986121 bus:Director1 2022-03-31 10986121 bus:Director2 2021-03-31 10986121 bus:Director2 2022-03-31 10986121 bus:Director1 2021-04-01 2022-03-31 10986121 bus:Director2 2021-04-01 2022-03-31 10986121 bus:SmallEntities 2022-04-01 2023-03-31 10986121 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10986121 bus:FullAccounts 2022-04-01 2023-03-31 10986121 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 10986121 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10986121 core:ComputerEquipment 2022-04-01 2023-03-31 10986121 core:ComputerEquipment 2022-03-31 10986121 core:ComputerEquipment 2023-03-31
COMPANY REGISTRATION NUMBER: 10986121
Tidal Change Management Limited
Filleted Unaudited Financial Statements
31 March 2023
Tidal Change Management Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
3,741
1,511
Current assets
Debtors
6
20,063
41,855
Cash at bank and in hand
153,596
92,763
---------
---------
173,659
134,618
Creditors: amounts falling due within one year
7
26,385
31,237
---------
---------
Net current assets
147,274
103,381
---------
---------
Total assets less current liabilities
151,015
104,892
---------
---------
Net assets
151,015
104,892
---------
---------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
150,915
104,792
---------
---------
Shareholders funds
151,015
104,892
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 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 .
Tidal Change Management Limited
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 12 September 2023 , and are signed on behalf of the board by:
Mr R Lewis
Director
Company registration number: 10986121
Tidal Change Management Limited
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Equipment
£
Cost
At 1 April 2022
3,086
Additions
3,329
Disposals
( 565)
-------
At 31 March 2023
5,850
-------
Depreciation
At 1 April 2022
1,575
Charge for the year
605
Disposals
( 71)
-------
At 31 March 2023
2,109
-------
Carrying amount
At 31 March 2023
3,741
-------
At 31 March 2022
1,511
-------
6. Debtors
2023
2022
£
£
Trade debtors
18,066
15,243
Other debtors
1,997
26,612
--------
--------
20,063
41,855
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
1,450
1,470
Corporation tax
24,935
22,484
Social security and other taxes
7,283
--------
--------
26,385
31,237
--------
--------
8. Called up share capital
Issued, called up and fully paid
No.
£
No.
£
Ordinary A shares of £1 each
75
75
75
75
Ordinary B shares of £1 each
25
25
25
25
----
----
----
----
100
100
100
100
----
----
----
----
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mrs D Lewis
13,000
( 13,000)
187
187
Mr R Lewis
13,000
( 13,000)
187
187
--------
--------
----
----
26,000
( 26,000)
374
374
--------
--------
----
----
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mrs D Lewis
( 62)
13,000
62
13,000
Mr R Lewis
( 63)
13,000
63
13,000
----
--------
----
--------
( 125)
26,000
125
26,000
----
--------
----
--------