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REGISTERED NUMBER: 09745509 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Purposeful Change Limited

Purposeful Change Limited (Registered number: 09745509)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Purposeful Change Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Ms M Gibbs
S Lamb





REGISTERED OFFICE: Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ





REGISTERED NUMBER: 09745509 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

Purposeful Change Limited (Registered number: 09745509)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 474,791 412,638

CURRENT ASSETS
Debtors 6 503,841 781,062
Cash at bank 1,254,061 669,614
1,757,902 1,450,676
CREDITORS
Amounts falling due within one year 7 500,885 303,419
NET CURRENT ASSETS 1,257,017 1,147,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,731,808

1,559,895

CREDITORS
Amounts falling due after more than one
year

8

(236,412

)

(220,601

)

PROVISIONS FOR LIABILITIES (55,079 ) (54,689 )
NET ASSETS 1,440,317 1,284,605

CAPITAL AND RESERVES
Allotted, called up and fully
paid share capital 100 100
Retained earnings 1,440,217 1,284,505
1,440,317 1,284,605

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

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

Purposeful Change Limited (Registered number: 09745509)

Statement of Financial Position - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:




Ms M Gibbs - Director



S Lamb - Director


Purposeful Change Limited (Registered number: 09745509)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Purposeful Change 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 (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover 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.
Improvements to property - 25% on cost and 20% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Purposeful Change Limited (Registered number: 09745509)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 126,337 77,315 51,285
Additions 66,463 20,996 26,884
Disposals - - -
At 31 March 2023 192,800 98,311 78,169
DEPRECIATION
At 1 April 2022 25,267 58,260 7,911
Charge for year 41,883 15,351 14,936
Eliminated on disposal - - -
At 31 March 2023 67,150 73,611 22,847
NET BOOK VALUE
At 31 March 2023 125,650 24,700 55,322
At 31 March 2022 101,070 19,055 43,374

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 256,000 115,018 625,955
Additions 141,763 15,720 271,826
Disposals (89,000 ) - (89,000 )
At 31 March 2023 308,763 130,738 808,781
DEPRECIATION
At 1 April 2022 46,604 75,275 213,317
Charge for year 50,610 20,143 142,923
Eliminated on disposal (22,250 ) - (22,250 )
At 31 March 2023 74,964 95,418 333,990
NET BOOK VALUE
At 31 March 2023 233,799 35,320 474,791
At 31 March 2022 209,396 39,743 412,638

Purposeful Change Limited (Registered number: 09745509)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 339,671 172,149
Amounts recoverable on contracts - 4,612
Other debtors 160,192 152,051
Directors' current accounts - 429,646
Tax 3,553 -
VAT - 16,605
Prepayments and accrued income 425 5,999
503,841 781,062

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 30,670 29,258
Trade creditors 123,912 33,952
Amounts owed to group undertakings 118,542 70,130
Corporation tax 158,214 147,187
VAT 41,055 -
Other creditors 396 244
Directors' current accounts 38 -
Accrued expenses 17,410 12,000
500,885 303,419

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,648 10,648
Bank loans - 2-5 years 11,909 21,967
Hire purchase contracts 213,855 187,986
236,412 220,601

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the start of the year a balance of £429,646 was owed by the directors to the company. During the year the amount was repaid in full by the directors.

The loan is interest free and repayable on demand.