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
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
Change and Business Development Limited
Statement of financial position
as at 31 May 2023
Investment property
73,535
73,535
Cash at bank and in hand
53,568
691
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)
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
Change and Business Development Limited
Notes to the Accounts
for the year ended 31 May 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
At 1 June 2022
2,156
150
2,306
At 31 May 2023
2,156
150
2,306
Fair value at 1 June 2022
73,535
Change and Business Development Limited
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Accrued income and prepayments
-
45
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,603
2,603
Taxes and social security
14,027
371
Loans from directors
13,053
3,679
8
Creditors: amounts falling due after more than one year
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).