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Company No: 07072931 (England and Wales)

INTEGRAL CHANGE CONSULTING LTD

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

INTEGRAL CHANGE CONSULTING LTD

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

INTEGRAL CHANGE CONSULTING LTD

STATEMENT OF FINANCIAL POSITION

As at 30 June 2023
INTEGRAL CHANGE CONSULTING LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2023
Note 2023 2022
£ £
Current assets
Debtors 4 41,054 357,059
Cash at bank and in hand 435 55,428
41,489 412,487
Creditors: amounts falling due within one year 5 ( 11,833) ( 232,981)
Net current assets 29,656 179,506
Total assets less current liabilities 29,656 179,506
Creditors: amounts falling due after more than one year 6 ( 24,785) ( 35,161)
Net assets 4,871 144,345
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 4,771 144,245
Total shareholder's funds 4,871 144,345

For the financial year ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Integral Change Consulting Ltd (registered number: 07072931) were approved and authorised for issue by the Director on 20 February 2024. They were signed on its behalf by:

L Wilde
Director
INTEGRAL CHANGE CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
INTEGRAL CHANGE CONSULTING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Integral Change Consulting Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2b Bath Street, Frome, BA11 1DG, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 2 2

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 July 2022 818 818
At 30 June 2023 818 818
Accumulated depreciation
At 01 July 2022 818 818
At 30 June 2023 818 818
Net book value
At 30 June 2023 0 0
At 30 June 2022 0 0

4. Debtors

2023 2022
£ £
Trade debtors 0 260,388
Amounts owed by Group undertakings 2,165 93,415
VAT recoverable 8,473 19
Other debtors 30,416 3,237
41,054 357,059

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 9,734 9,494
Accruals and deferred income 2,099 223,487
11,833 232,981

There are no amounts included above in respect of which any security has been given by the small entity.

6. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 24,785 35,161

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each 50 50
50 Ordinary B shares of £ 1.00 each 50 50
100 100

8. Related party transactions

The company has taken advantage of the exemption in section 1AC.35 of FRS 102 to not disclose related party transactions with wholly owned subsidiaries within a group.