2022-08-012023-07-312023-07-31false12782105WE ARE THE CHANGE 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WE ARE THE CHANGE LTD

Registered Number
12782105
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2023

WE ARE THE CHANGE LTD
Company Information
for the year from 1 August 2022 to 31 July 2023

Director

T Matthewson

Registered Address

179 Park Lane
Poynton
Stockport
SK12 1RH

Registered Number

12782105 (England and Wales)
WE ARE THE CHANGE LTD
Balance Sheet as at
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets61,0361,404
1,0361,404
Current assets
Debtors769,85252,901
Cash at bank and on hand34,67073,799
104,522126,700
Creditors amounts falling due within one year8(46,081)(61,666)
Net current assets (liabilities)58,44165,034
Total assets less current liabilities59,47766,438
Net assets59,47766,438
Capital and reserves
Called up share capital11
Profit and loss account59,47666,437
Shareholders' funds59,47766,438
The financial statements were approved and authorised for issue by the Director on 7 February 2024, and are signed on its behalf by:
T Matthewson
Director
Registered Company No. 12782105
WE ARE THE CHANGE LTD
Notes to the Financial Statements
for the year ended 31 July 2023

1.Statutory information
The company is a private company limited by shares and 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
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
3.Critical estimates and judgements
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
4.Sources of estimation uncertainty
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
5.Employee information

20232022
Average number of employees during the year11
6.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 August 222,6332,633
Additions557557
At 31 July 233,1903,190
Depreciation and impairment
At 01 August 221,2291,229
Charge for year925925
At 31 July 232,1542,154
Net book value
At 31 July 231,0361,036
At 31 July 221,4041,404
7.Debtors

2023

2022

££
Trade debtors / trade receivables68,03746,700
Other debtors1,815-
Prepayments and accrued income-6,201
Total69,85252,901
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.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables2,898-
Taxation and social security43,18330,786
Other creditors-2,751
Accrued liabilities and deferred income-28,129
Total46,08161,666
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.