REGISTERED NUMBER: 07072676 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

APPLIED CHANGE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Vincent

REGISTERED OFFICE:

5 Brookside Cottages

Inchbrook

Stroud

Gloucestershire

GL5 5HL

REGISTERED NUMBER:

07072676 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Property, plant and equipment

4

1,193

1,391

CURRENT ASSETS

Inventories

11,500

-

Debtors

5

14,427

3,907

Cash at bank

8

3,673

25,935

7,580

CREDITORS

Amounts falling due within one year

6

102,054

95,514

NET CURRENT LIABILITIES

(76,119

)

(87,934

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(74,926

)

(86,543

)

PROVISIONS FOR LIABILITIES

298

348

NET LIABILITIES

(75,224

)

(86,891

)

CAPITAL AND RESERVES

Called up share capital

65

65

Capital redemption reserve

37

37

Retained earnings

(75,326

)

(86,993

)

SHAREHOLDERS' FUNDS

(75,224

)

(86,891

)

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 12 December 2025 and were signed by:

M Vincent - Director

1.	STATUTORY INFORMATION

Applied Change 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.

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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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

Financial instruments

Financial instruments are classified by the directors as basic or advances following the condition in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

Going concern

The director has considered the risks and issues concerning the company and it's activities and no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern have been identified by the director. Although the company has retained losses carried forward at the end of the period and had net liabilities at the 31 March 2025, the director and shareholder continues to support the company.

Provisions

Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 April 2024

13,481

Additions

175

At 31 March 2025

13,656

DEPRECIATION

At 1 April 2024

12,090

Charge for year

373

At 31 March 2025

12,463

NET BOOK VALUE

At 31 March 2025

1,193

At 31 March 2024

1,391

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

13,800

2,999

Prepayments

627

908

14,427

3,907

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

14,399

55,548

Trade creditors

66

1,256

Corporation Tax

5,058

7,336

Social security and other taxes

3,361

386

VAT

3,552

475

Other creditors

12,876

4,658

Directors' loan accounts

62,684

22,784

Accrued expenses

58

3,071

102,054

95,514

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

M Vincent

Balance outstanding at start of year

(22,784

)

37,452

Amounts advanced

35,332

10,585

Amounts repaid

(76,232

)

(70,821

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(63,684

)

(22,784

)

No interest is being charged on the loan account and there are no set repayment terms.