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REGISTERED NUMBER: SC625764 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

A Year Of Small Changes Ltd

A Year Of Small Changes Ltd (Registered number: SC625764)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A Year Of Small Changes Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Dr Laura Coia
Grant Yuill
Dr Isabel Howat
Dr Matthew R Wild





REGISTERED OFFICE: 231 Lower Ground Floor
St Vincent Street
Glasgow
G2 5QY





REGISTERED NUMBER: SC625764 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

A Year Of Small Changes Ltd (Registered number: SC625764)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,376 15,444

CURRENT ASSETS
Debtors 5 1,667 2,736
Cash at bank 4,518 6,371
6,185 9,107
CREDITORS
Amounts falling due within one year 6 26,544 25,069
NET CURRENT LIABILITIES (20,359 ) (15,962 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,983

)

(518

)

PROVISIONS FOR LIABILITIES 7 154 205
NET LIABILITIES (6,137 ) (723 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (6,237 ) (823 )
SHAREHOLDERS' FUNDS (6,137 ) (723 )

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

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

A Year Of Small Changes Ltd (Registered number: SC625764)

Balance Sheet - continued
31 August 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 23 November 2023 and were signed on its behalf by:





Dr Matthew R Wild - Director


A Year Of Small Changes Ltd (Registered number: SC625764)

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

1. STATUTORY INFORMATION

A Year Of Small Changes Ltd is a private company, limited by shares , registered in Scotland. 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. 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
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Heritable property - 5% on cost
Fittings and equipment - 25% on reducing balance

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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 balance sheet date.


A Year Of Small Changes Ltd (Registered number: SC625764)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

A Year Of Small Changes Ltd (Registered number: SC625764)

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

4. TANGIBLE FIXED ASSETS
Fittings
Heritable and
property equipment Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 15,960 1,920 17,880
DEPRECIATION
At 1 September 2022 1,596 840 2,436
Charge for year 798 270 1,068
At 31 August 2023 2,394 1,110 3,504
NET BOOK VALUE
At 31 August 2023 13,566 810 14,376
At 31 August 2022 14,364 1,080 15,444

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Heritable
property
£   
COST
At 1 September 2022
and 31 August 2023 15,960
DEPRECIATION
At 1 September 2022
and 31 August 2023 798
NET BOOK VALUE
At 31 August 2023 15,162
At 31 August 2022 15,162

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,667 1,667
Other debtors - 1,069
1,667 2,736

A Year Of Small Changes Ltd (Registered number: SC625764)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 26,544 25,069

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 154 205

Deferred
tax
£   
Balance at 1 September 2022 205
Provided during year (51 )
Balance at 31 August 2023 154

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100