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REGISTERED NUMBER: 10161107 (England and Wales)















Financial Statements for the Year Ended 31 May 2023

for

Quo-Change Consulting Limited

Quo-Change Consulting Limited (Registered number: 10161107)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Quo-Change Consulting Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: K D Bollard
Mrs A A Sheard
N K Wood





REGISTERED OFFICE: 4 The Drive
Leeds
West Yorkshire
LS8 1JF





REGISTERED NUMBER: 10161107 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

Quo-Change Consulting Limited (Registered number: 10161107)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,640 4,968

CURRENT ASSETS
Debtors 5 590,944 536,737
Cash at bank 164,446 39,947
755,390 576,684
CREDITORS
Amounts falling due within one year 6 561,552 438,694
NET CURRENT ASSETS 193,838 137,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,478

142,958

PROVISIONS FOR LIABILITIES 660 -
NET ASSETS 195,818 142,958

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 195,814 142,954
SHAREHOLDERS' FUNDS 195,818 142,958

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

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

Quo-Change Consulting Limited (Registered number: 10161107)

Balance Sheet - continued
31 May 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 29 February 2024 and were signed on its behalf by:





K D Bollard - Director


Quo-Change Consulting Limited (Registered number: 10161107)

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

1. STATUTORY INFORMATION

Quo-Change Consulting 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.

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 represents net invoiced sales of services. Revenue is recognised when the company obtains the right to receive consideration for services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
Basic financial instruments are recognised at amortised 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 balance sheet date.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Quo-Change Consulting Limited (Registered number: 10161107)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022
and 31 May 2023 4,663 5,068 9,731
DEPRECIATION
At 1 June 2022 2,040 2,723 4,763
Charge for year 656 1,672 2,328
At 31 May 2023 2,696 4,395 7,091
NET BOOK VALUE
At 31 May 2023 1,967 673 2,640
At 31 May 2022 2,623 2,345 4,968

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 258,233 503,489
Other debtors 332,711 33,248
590,944 536,737

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 214,325 314,453
Taxation and social security 20,027 11,334
Other creditors 327,200 112,907
561,552 438,694

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.23 31.5.22
£    £   
Within one year - 19,300