IRIS Accounts Production v24.1.0.578 12426772 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124267722023-01-31124267722024-01-31124267722023-02-012024-01-31124267722022-01-31124267722022-02-012023-01-31124267722023-01-3112426772ns15:EnglandWales2023-02-012024-01-3112426772ns14:PoundSterling2023-02-012024-01-3112426772ns10:Director12023-02-012024-01-3112426772ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3112426772ns10:SmallEntities2023-02-012024-01-3112426772ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3112426772ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3112426772ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3112426772ns10:FullAccounts2023-02-012024-01-3112426772ns10:Director22023-02-012024-01-3112426772ns10:Director32023-02-012024-01-3112426772ns10:Director42023-02-012024-01-3112426772ns10:RegisteredOffice2023-02-012024-01-3112426772ns5:CurrentFinancialInstruments2024-01-3112426772ns5:CurrentFinancialInstruments2023-01-3112426772ns5:ShareCapital2024-01-3112426772ns5:ShareCapital2023-01-3112426772ns5:CapitalRedemptionReserve2024-01-3112426772ns5:CapitalRedemptionReserve2023-01-3112426772ns5:RetainedEarningsAccumulatedLosses2024-01-3112426772ns5:RetainedEarningsAccumulatedLosses2023-01-3112426772ns5:ComputerEquipment2023-02-012024-01-3112426772ns5:ComputerEquipment2023-01-3112426772ns5:ComputerEquipment2024-01-3112426772ns5:ComputerEquipment2023-01-3112426772ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3112426772ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
REGISTERED NUMBER: 12426772 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Change8 Limited

Change8 Limited (Registered number: 12426772)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Change8 Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr J C Abbott
Mr J Allen
Mrs L Pipe
Mrs H Rascagneres





REGISTERED OFFICE: C/O Pure Offices Limited
Brooks Drive
Cheadle Royal Business Park
Cheadle
Cheshire
SK8 3TD





REGISTERED NUMBER: 12426772 (England and Wales)





ACCOUNTANTS: The Sanders Partnership
Chartered Accountants
19 King Street
The Civic Quarter
Wakefield
West Yorkshire
WF1 2SQ

Change8 Limited (Registered number: 12426772)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,952 850

CURRENT ASSETS
Debtors 5 1,145,386 579,960
Cash at bank 758,031 135,362
1,903,417 715,322
CREDITORS
Amounts falling due within one year 6 1,599,474 431,445
NET CURRENT ASSETS 303,943 283,877
TOTAL ASSETS LESS CURRENT LIABILITIES 308,895 284,727

PROVISIONS FOR LIABILITIES 1,238 162
NET ASSETS 307,657 284,565

CAPITAL AND RESERVES
Called up share capital 901 1,000
Capital redemption reserve 100 -
Retained earnings 306,656 283,565
307,657 284,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 18 October 2024 and were signed on its behalf by:





Mrs L Pipe - Director


Change8 Limited (Registered number: 12426772)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Change8 Limited 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 (£).


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.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Provisions
Provisions are only set up where it is probable that a present obligation exists as a result of an event prior to the balance sheet and that a payment will be required in settlement that can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 5 ) .

Change8 Limited (Registered number: 12426772)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023 1,749
Additions 5,932
At 31 January 2024 7,681
DEPRECIATION
At 1 February 2023 899
Charge for year 1,830
At 31 January 2024 2,729
NET BOOK VALUE
At 31 January 2024 4,952
At 31 January 2023 850

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 358,038 329,326
Other debtors 787,348 250,634
1,145,386 579,960

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,574 -
Trade creditors 1,417,461 141,062
Amounts owed to participating interests 95,443 95,443
Taxation and social security 26,848 33,393
Other creditors 48,148 161,547
1,599,474 431,445