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REGISTERED NUMBER: 11462182 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

PARTNERS IN CHANGE CONSULTING LTD

PARTNERS IN CHANGE CONSULTING LTD (REGISTERED NUMBER: 11462182)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARTNERS IN CHANGE CONSULTING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: D W Jepson
D K Chatham





REGISTERED OFFICE: 2nd Floor
Lowry Mill
Manchester
Greater Manchester
M27 6DB





REGISTERED NUMBER: 11462182 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Suite 1, Aireside House
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

PARTNERS IN CHANGE CONSULTING LTD (REGISTERED NUMBER: 11462182)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 - 2,503
Tangible assets 5 302 144
302 2,647

CURRENT ASSETS
Debtors 6 925,952 1,050,609
Investments 7 94,857 98,040
Cash at bank 857,751 922,845
1,878,560 2,071,494
CREDITORS
Amounts falling due within one year 8 (1,324,773 ) (1,244,041 )
NET CURRENT ASSETS 553,787 827,453
TOTAL ASSETS LESS CURRENT
LIABILITIES

554,089

830,100

CAPITAL AND RESERVES
Called up share capital 9 101 101
Fair value reserve 10 (5,143 ) (1,960 )
Retained earnings 559,131 831,959
SHAREHOLDERS' FUNDS 554,089 830,100

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

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

PARTNERS IN CHANGE CONSULTING LTD (REGISTERED NUMBER: 11462182)

BALANCE SHEET - continued
31 JULY 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 30 January 2024 and were signed on its behalf by:




D K Chatham - Director



D W Jepson - Director


PARTNERS IN CHANGE CONSULTING LTD (REGISTERED NUMBER: 11462182)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Partners in Change Consulting 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.


PARTNERS IN CHANGE CONSULTING LTD (REGISTERED NUMBER: 11462182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued
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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 August 2022
and 31 July 2023 7,509
AMORTISATION
At 1 August 2022 5,006
Charge for year 2,503
At 31 July 2023 7,509
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 2,503

PARTNERS IN CHANGE CONSULTING LTD (REGISTERED NUMBER: 11462182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 August 2022 216
Additions 345
At 31 July 2023 561
DEPRECIATION
At 1 August 2022 72
Charge for year 187
At 31 July 2023 259
NET BOOK VALUE
At 31 July 2023 302
At 31 July 2022 144

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 924,384 975,705
Other debtors 1,568 74,904
925,952 1,050,609

7. CURRENT ASSET INVESTMENTS
2023 2022
£ £
Listed investments 94,857 98,040

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 888,284 742,757
Taxation and social security 241,481 278,137
Other creditors 195,008 223,147
1,324,773 1,244,041

PARTNERS IN CHANGE CONSULTING LTD (REGISTERED NUMBER: 11462182)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
50 Ordinary A 1 50 50
50 Ordinary B 1 50 50
1 Ordinary C 1 1 1
101 101

10. RESERVES
Fair value
reserve
£
At 1 August 2022 (1,960 )
Movement in listed investments
(net of deferred tax) (3,183 )

At 31 July 2023 (5,143 )

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments for office equipment which are not included in the balance sheet amount to £11,065.