Company Registration No. SC461303 (Scotland)
Change and Business Development Limited
Unaudited accounts
for the year ended 31 May 2024
Change and Business Development Limited
Unaudited accounts
Contents
Change and Business Development Limited
Company Information
for the year ended 31 May 2024
Director
Alexander Niezynski
Secretary
Jacqueline Niezynski
Company Number
SC461303 (Scotland)
Registered Office
9 RYEFIELD AVENUE
COATBRIDGE
LANARKSHIRE
ML5 1LG
Accountants
JWD Accounting and Tax Services
Change and Business Development Limited
Statement of financial position
as at 31 May 2024
Investment property
164,795
73,535
Cash at bank and in hand
53,542
53,568
Creditors: amounts falling due within one year
(38,350)
(29,699)
Net current assets
16,179
24,832
Total assets less current liabilities
180,974
98,367
Creditors: amounts falling due after more than one year
(125,054)
(42,677)
Called up share capital
100
20
Profit and loss account
55,820
55,670
Shareholders' funds
55,920
55,690
For the year ending 31 May 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 August 2024 and were signed on its behalf by
Alexander Niezynski
Director
Company Registration No. SC461303
Change and Business Development Limited
Notes to the Accounts
for the year ended 31 May 2024
Change and Business Development Limited is a private company, limited by shares, registered in Scotland, registration number SC461303. The registered office is 9 RYEFIELD AVENUE, COATBRIDGE, LANARKSHIRE, ML5 1LG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Straight line
Fixtures & fittings
20% Straight line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2023
2,156
150
2,306
At 31 May 2024
2,156
150
2,306
At 1 June 2023
2,156
150
2,306
At 31 May 2024
2,156
150
2,306
Fair value at 1 June 2023
73,535
Change and Business Development Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
12,347
2,603
Taxes and social security
26,003
14,027
Loans from directors
-
13,053
8
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
20
Shares issued during the period:
80 Ordinary shares of £1 each
80
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).