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Registered Number: 08752808
England and Wales

 

 

 

CHANGESPACE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 38,413    16,379 
38,413    16,379 
Current assets      
Debtors: amounts falling due within one year 10,300    14,378 
Cash at bank and in hand 75,053    142,307 
85,353    156,685 
Creditors: amount falling due within one year (83,445)   (68,460)
Net current assets 1,908    88,225 
 
Total assets less current liabilities 40,321    104,604 
Creditors: amount falling due after more than one year (7,730)   (7,825)
Net assets 32,591    96,779 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 32,590    96,778 
Shareholders' funds 32,591    96,779 
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 14 October 2024 and were signed by:


-------------------------------
Matthew Lightbown
Director
1
General Information
Changespace Limited is a private company, limited by shares, registered in England and Wales, registration number 08752808, registration address 2 Upton Road, Claughton, Wirral, CH41 0DF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
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:
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 33% Straight Line
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 November 2022 11,215      10,288    3,638    25,141 
Additions   31,893        31,893 
Disposals        
At 31 October 2023 11,215    31,893    10,288    3,638    57,034 
Depreciation
At 01 November 2022 5,169      1,278    2,315    8,762 
Charge for year 1,512    5,316    2,253    778    9,859 
On disposals        
At 31 October 2023 6,681    5,316    3,531    3,093    18,621 
Net book values
Closing balance as at 31 October 2023 4,534    26,577    6,757    545    38,413 
Opening balance as at 01 November 2022 6,046      9,010    1,323    16,379 


2