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REGISTERED NUMBER: 06677456 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Changing Education Limited

Changing Education Limited (Registered number: 06677456)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Changing Education Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: M Hodgkinson
S Hackney





REGISTERED OFFICE: Manchester College
WythenshaweCampus
Bromley Road
Wythenshawe
M22 9UN





REGISTERED NUMBER: 06677456 (England and Wales)





ACCOUNTANTS: Emmerson Accountancy Ltd
Atlantic Business Centre
Atlantic Street
Altrincham
Cheshire
WA14 5NQ

Changing Education Limited (Registered number: 06677456)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,635 864

CURRENT ASSETS
Debtors 5 12,399 14,872
Cash at bank 387,643 462,473
400,042 477,345
CREDITORS
Amounts falling due within one year 6 144,129 207,373
NET CURRENT ASSETS 255,913 269,972
TOTAL ASSETS LESS CURRENT
LIABILITIES

257,548

270,836

CREDITORS
Amounts falling due after more than one
year

7

36,667

56,667
NET ASSETS 220,881 214,169

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 220,879 214,167
SHAREHOLDERS' FUNDS 220,881 214,169

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.

Changing Education Limited (Registered number: 06677456)

Balance Sheet - continued
31 August 2024


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 13 March 2025 and were signed on its behalf by:





M Hodgkinson - Director


Changing Education Limited (Registered number: 06677456)

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

1. STATUTORY INFORMATION

Changing Education 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.

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.
Computer equipment - 25% on reducing balance

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.

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 27 (2023 - 23 ) .

Changing Education Limited (Registered number: 06677456)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 September 2023 10,024
Additions 1,316
At 31 August 2024 11,340
DEPRECIATION
At 1 September 2023 9,160
Charge for year 545
At 31 August 2024 9,705
NET BOOK VALUE
At 31 August 2024 1,635
At 31 August 2023 864

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other Debtors 12,399 14,872

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Tax 79,272 80,436
Social security and other taxes 6,312 6,199
VAT 54,954 112,665
Pension 1,765 2,379
Directors' current accounts 92 3,959
Accrued expenses 1,734 1,735
144,129 207,373

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Other loans - 1-2 years 36,667 56,667

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
2 Ordinary 1 2 2

Changing Education Limited (Registered number: 06677456)

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

9. RESERVES
Retained
earnings
£   

At 1 September 2023 214,167
Profit for the year 67,672
Dividends (60,960 )
At 31 August 2024 220,879