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REGISTERED NUMBER: 12033257 (England and Wales)















CHANGING SPACES KENT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






CHANGING SPACES KENT LTD (REGISTERED NUMBER: 12033257)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHANGING SPACES KENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: D Cursons
Mrs G Cursons





REGISTERED OFFICE: 424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ





REGISTERED NUMBER: 12033257 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

CHANGING SPACES KENT LTD (REGISTERED NUMBER: 12033257)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,640 11,196

CURRENT ASSETS
Stocks 2,734 -
Debtors 5 27,277 22,675
Cash at bank 2,089 5,056
32,100 27,731
CREDITORS
Amounts falling due within one year 6 (33,528 ) (28,385 )
NET CURRENT LIABILITIES (1,428 ) (654 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,212

10,542

CREDITORS
Amounts falling due after more than one
year

7

(7,083

)

(10,483

)
NET ASSETS 129 59

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 127 57
129 59

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

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 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.

CHANGING SPACES KENT LTD (REGISTERED NUMBER: 12033257)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:





D Cursons - Director


CHANGING SPACES KENT LTD (REGISTERED NUMBER: 12033257)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Changing Spaces Kent Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixture & Fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

CHANGING SPACES KENT LTD (REGISTERED NUMBER: 12033257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Plant and Fixture & Motor Computer
machinery Fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 732 414 18,853 557 20,556
Additions 324 - - - 324
At 30 June 2023 1,056 414 18,853 557 20,880
DEPRECIATION
At 1 July 2022 183 240 8,721 216 9,360
Charge for year 218 43 2,533 86 2,880
At 30 June 2023 401 283 11,254 302 12,240
NET BOOK VALUE
At 30 June 2023 655 131 7,599 255 8,640
At 30 June 2022 549 174 10,132 341 11,196

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,427 15,535
Sundry debtors 5,533 1,224
Directors' current accounts 16,317 5,916
27,277 22,675

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,400 3,400
Trade creditors 217 998
Corporation Tax 4,070 1,771
VAT 15,055 13,529
Sundry creditors 1,426 2,866
Deferred income 7,860 4,396
Accrued expenses 1,500 1,425
33,528 28,385

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 3,400 3,400
Bank loans - 2-5 years 3,683 7,083
7,083 10,483