Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31true222022-11-01falseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11020837 2022-11-01 2023-10-31 11020837 2021-11-01 2022-10-31 11020837 2023-10-31 11020837 2022-10-31 11020837 c:Director1 2022-11-01 2023-10-31 11020837 d:CurrentFinancialInstruments 2023-10-31 11020837 d:CurrentFinancialInstruments 2022-10-31 11020837 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11020837 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 11020837 d:ShareCapital 2023-10-31 11020837 d:ShareCapital 2022-10-31 11020837 d:RetainedEarningsAccumulatedLosses 2023-10-31 11020837 d:RetainedEarningsAccumulatedLosses 2022-10-31 11020837 c:FRS102 2022-11-01 2023-10-31 11020837 c:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11020837 c:FullAccounts 2022-11-01 2023-10-31 11020837 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11020837 2 2022-11-01 2023-10-31 11020837 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 11020837










MARKED CHANGES TRAINING LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
MARKED CHANGES TRAINING LTD
REGISTERED NUMBER: 11020837

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

  

Current assets
  

Cash at bank and in hand
  
174
1,265

  
174
1,265

Creditors: amounts falling due within one year
 4 
(3,096)
(2,194)

Net current liabilities
  
 
 
(2,922)
 
 
(929)

Total assets less current liabilities
  
(2,922)
(929)

  

Net liabilities
  
(2,922)
(929)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(3,022)
(1,029)

  
(2,922)
(929)


Page 1

 
MARKED CHANGES TRAINING LTD
REGISTERED NUMBER: 11020837
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Dr M E W Chambers
Director

Date: 26 March 2024

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
MARKED CHANGES TRAINING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Marked Changes Training Ltd is a private company limited by shares and incorporated in England and Wales, registration number 11020837. The registered office is Wigfield House Laurel Drive, Long Melford, Sudbury, CO10 9ER.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
MARKED CHANGES TRAINING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
1,946
994

Accruals and deferred income
1,150
1,200

3,096
2,194


 
Page 4