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Change State Limited
Registered Number:09101978
For the year ended 30 June 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2023
Change State Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
09101978
As at 30 June 2023
Change State Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
1,102
-
3
1,102
-
Current assets
Trade and other receivables
120,465
144,024
4
48,803
Cash and cash equivalents
74,765
218,789
169,268
Trade and other payables: amounts falling due within one year
(71,845)
(100,379)
5
97,423
118,410
Net current assets
Total assets less current liabilities
119,512
97,423
119,512
Net assets
97,423
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
118,512
96,423
119,512
97,423
Shareholders' funds
For the year ended 30 June 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 of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Ms Lisa Ann Forrest Director
These financial statements were approved and authorised for issue by the Board on 30 January 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 June 2023
Change State Limited
Notes to the Financial Statements
Statutory Information
Change State Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 09101978.
Principal place of business:
1-2 Sandgate Terrace
Wisbech Road
Wenley
Norfolk
PE14 9RQ
Registered address:
27 Old Gloucester Street
London
WC1N 3AX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 4 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer equipment
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 July 2022
30,000
At 30 June 2023
30,000
Amortisation
At 01 July 2022
30,000
At 30 June 2023
30,000
Net book value
At 30 June 2023
-
At 30 June 2022
-
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5
For the year ended 30 June 2023
Change State Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Computer
equipment
£
Cost or valuation
At 01 July 2022
1,041
1,470
Additions
At 30 June 2023
2,511
Provision for depreciation and impairment
At 01 July 2022
1,041
Charge for year
368
At 30 June 2023
1,409
At 30 June 2023
Net book value
1,102
At 30 June 2022
-
4. Trade and other receivables
2022
2023
£
£
Trade debtors
36,100
12,540
Other debtors
107,924
107,925
120,465
144,024
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
1
-
Trade creditors
2,048
989
Taxation and social security
97,239
69,291
Other creditors
1,091
1,565
100,379
71,845
6. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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