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REGISTERED NUMBER: 07720749 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CHANGE IT (UK) LIMITED

CHANGE IT (UK) LIMITED (REGISTERED NUMBER: 07720749)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHANGE IT (UK) LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2025







DIRECTOR: Mr K A Field



SECRETARY: Mrs J L Field



REGISTERED OFFICE: Greville House
10 Jury Street
Warwick
Warwickshire
CV34 4EW



REGISTERED NUMBER: 07720749 (England and Wales)



ACCOUNTANTS: Michael Harwood & Co
Chartered Accountants
Greville House
10 Jury Street
Warwick
Warwickshire
CV34 4EW



BANKERS: National Westminster Bank Plc
Royal Priors
59 The Parade
Leamington Spa
Warwickshire
CV32 4ZX

CHANGE IT (UK) LIMITED (REGISTERED NUMBER: 07720749)

BALANCE SHEET
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,859 39,900

CURRENT ASSETS
Stocks 5 53,175 38,233
Debtors 6 27,797 69,145
Cash at bank 175,081 103,631
256,053 211,009
CREDITORS
Amounts falling due within one year 7 186,024 150,875
NET CURRENT ASSETS 70,029 60,134
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,888

100,034

CREDITORS
Amounts falling due after more than one
year

8

(34,187

)

(27,584

)

PROVISIONS FOR LIABILITIES 9 (14,245 ) (7,201 )
NET ASSETS 80,456 65,249

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 80,356 65,149
SHAREHOLDERS' FUNDS 80,456 65,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 June 2025 and were signed by:





Mr K A Field - Director


CHANGE IT (UK) LIMITED (REGISTERED NUMBER: 07720749)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Change It (UK) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and equipment - 20% reducing balance
Motor vehicles - 20% reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

CHANGE IT (UK) LIMITED (REGISTERED NUMBER: 07720749)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 April 2024 19,849 51,780 71,629
Additions 21,498 39,452 60,950
Disposals (1,611 ) (16,025 ) (17,636 )
At 31 March 2025 39,736 75,207 114,943
DEPRECIATION
At 1 April 2024 12,469 19,260 31,729
Charge for year 25,260 12,234 37,494
Eliminated on disposal (1,148 ) (11,991 ) (13,139 )
At 31 March 2025 36,581 19,503 56,084
NET BOOK VALUE
At 31 March 2025 3,155 55,704 58,859
At 31 March 2024 7,380 32,520 39,900

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024 32,995
Additions 26,745
At 31 March 2025 59,740
DEPRECIATION
At 1 April 2024 7,039
Charge for year 9,203
At 31 March 2025 16,242
NET BOOK VALUE
At 31 March 2025 43,498
At 31 March 2024 25,956

5. STOCKS
31.3.25 31.3.24
£    £   
Stocks 500 500
Work-in-progress 52,675 37,733
53,175 38,233

CHANGE IT (UK) LIMITED (REGISTERED NUMBER: 07720749)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 20,984 68,027
Prepayments and accrued income 6,813 1,118
27,797 69,145

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 10,476 10,344
Hire purchase contracts 9,642 4,086
Payments on account 6,243 5,995
Trade creditors 92,226 55,348
Amounts owed to associates 7,721 7,721
Tax 23,590 5,395
Social security and other taxes 14,888 14,085
VAT 14,998 43,924
Other creditors - 799
Directors' current accounts 3,376 271
Accrued expenses 2,864 2,907
186,024 150,875

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans - 2-5 years 1,742 12,075
Hire purchase contracts 32,445 15,509
34,187 27,584

9. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 14,245 7,201

Deferred
tax
£   
Balance at 1 April 2024 7,201
Charge to Statement of Income and Retained Earnings during year 7,044
Balance at 31 March 2025 14,245

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
100 Ordinary £1 100 100

CHANGE IT (UK) LIMITED (REGISTERED NUMBER: 07720749)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

11. RELATED PARTY DISCLOSURES

The director is also the director and shareholder of Change IT Commercial Limited.
During the year transactions between the two companies were conducted on normal commercial terms.

At 31st March 2025, there is a balance of £7,721 (2024 £37,721) owed by Change IT (UK) Limited, disclosed in creditors.