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Company Registration No. SC461303 (Scotland)
Change and Business Development Limited Unaudited accounts for the year ended 31 May 2023
Change and Business Development Limited Unaudited accounts Contents
Page
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Change and Business Development Limited Company Information for the year ended 31 May 2023
Director
Alexander Niezynski
Secretary
Jacqueline Niezynski
Company Number
SC461303 (Scotland)
Registered Office
9 RYEFIELD AVENUE COATBRIDGE LANARKSHIRE ML5 1LG
Accountants
JWD Accounting and Tax Services
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Change and Business Development Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
73,535 
73,535 
Current assets
Debtors
963 
1,008 
Cash at bank and in hand
53,568 
691 
54,531 
1,699 
Creditors: amounts falling due within one year
(29,699)
(6,653)
Net current assets/(liabilities)
24,832 
(4,954)
Total assets less current liabilities
98,367 
68,581 
Creditors: amounts falling due after more than one year
(42,677)
(44,854)
Net assets
55,690 
23,727 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
55,670 
23,707 
Shareholders' funds
55,690 
23,727 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 February 2024 and were signed on its behalf by
Alexander Niezynski Director Company Registration No. SC461303
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Change and Business Development Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Change and Business Development Limited is a private company, limited by shares, registered in Scotland, registration number SC461303. The registered office is 9 RYEFIELD AVENUE, COATBRIDGE, LANARKSHIRE, ML5 1LG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Straight line
Fixtures & fittings
20% Straight line
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
2,156 
150 
2,306 
At 31 May 2023
2,156 
150 
2,306 
Depreciation
At 1 June 2022
2,156 
150 
2,306 
At 31 May 2023
2,156 
150 
2,306 
Net book value
At 31 May 2023
- 
- 
- 
5
Investment property
2023 
£ 
Fair value at 1 June 2022
73,535 
At 31 May 2023
73,535 
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Change and Business Development Limited Notes to the Accounts for the year ended 31 May 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
45 
Other debtors
963 
963 
963 
1,008 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,603 
2,603 
VAT
16 
- 
Taxes and social security
14,027 
371 
Loans from directors
13,053 
3,679 
29,699 
6,653 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
42,677 
44,854 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
20 Ordinary shares of £1 each
20 
20 
10
Average number of employees
During the year the average number of employees was 2 (2022: 0).
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