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REGISTERED NUMBER: 11495413 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Changewell Consulting Ltd

Changewell Consulting Ltd (Registered number: 11495413)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Changewell Consulting Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: M Floate
Mrs A F Floate
S Cole





REGISTERED OFFICE: Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG





REGISTERED NUMBER: 11495413 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

Changewell Consulting Ltd (Registered number: 11495413)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,323 2,328

CURRENT ASSETS
Debtors 5 53,578 1,078
Cash at bank 278,153 711,494
331,731 712,572
CREDITORS
Amounts falling due within one year 6 233,178 231,839
NET CURRENT ASSETS 98,553 480,733
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,876

483,061

PROVISIONS FOR LIABILITIES 8,041 442
NET ASSETS 132,835 482,619

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 132,735 482,519
SHAREHOLDERS' FUNDS 132,835 482,619

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 23 December 2024 and were signed on its behalf by:





M Floate - Director


Changewell Consulting Ltd (Registered number: 11495413)

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

1. STATUTORY INFORMATION

Changewell 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.

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.
Motor vehicles - 25% on reducing balance basis
Computer equipment - 33.33% on straight line basis

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.

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 3 (2023 - 2 ) .

Changewell Consulting Ltd (Registered number: 11495413)

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 - 11,702 11,702
Additions 55,157 - 55,157
At 31 August 2024 55,157 11,702 66,859
DEPRECIATION
At 1 September 2023 - 9,374 9,374
Charge for year 13,789 1,373 15,162
At 31 August 2024 13,789 10,747 24,536
NET BOOK VALUE
At 31 August 2024 41,368 955 42,323
At 31 August 2023 - 2,328 2,328

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,386 1,078
Prepayments and accrued income 47,192 -
53,578 1,078

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 61,498 112,994
Antrobus Consultancy Ltd - intercompany 16,322 -
Tax 122,043 92,975
Social security and other taxes 8,563 22,994
Net Wages 4,554 -
VAT 16,060 -
Pension 310 311
Other creditors 929 255
Directors' loan accounts 748 858
Accrued expenses 2,151 1,452
233,178 231,839