Registration number: 03087535

Forever Changes Limited

trading as Forever Changes Ltd

Contents

Company Information	1
Accountants' Report	2
Statement of Comprehensive Income	3
Balance Sheet	4
Notes to the Unaudited Financial Statements	5 to 11

Forever Changes Limited

trading as Forever Changes Ltd

Company Information

Director

Mrs Shelley-Lee Green

Registered office

2ND Floor Enterprise House 202-206 Linthorpe Road Middlesbrough United Kingdom TS1 3QW

Accountants

Beaumont Accountancy Services 2ND Floor Enterprise House 202-206 Linthorpe Road Middlesbrough Cleveland TS1 3QW

Accountants' Report to the Director on the Preparation of the Statutory Accounts of
Forever Changes Limited

trading as Forever Changes Ltd
for the Year Ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Forever Changes Limited for the year ended 31 October 2025 as set out on pages 3 to 11 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that Forever Changes Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Forever Changes Limited. You consider that Forever Changes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Forever Changes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Beaumont Accountancy Services
2ND Floor
Enterprise House
202-206 Linthorpe Road
Middlesbrough
Cleveland
TS1 3QW

7 July 2026

Forever Changes Limited

trading as Forever Changes Ltd

Statement of Comprehensive Income for the Year Ended 31 October 2025

	2025 £	2024 £
Profit for the year	176,003	224,692
Total comprehensive income for the year	176,003	224,692

Forever Changes Limited

trading as Forever Changes Ltd

(Registration number: 03087535)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	87,012	108,763
Tangible assets	5	532,206	545,857
		619,218	654,620
Current assets
Stocks	6	16,500	17,000
Debtors	7	204,882	72,131
Cash at bank and in hand		173,095	250,148
		394,477	339,279
Creditors: Amounts falling due within one year	8	(156,832)	(200,039)
Net current assets		237,645	139,240
Net assets		856,863	793,860
Capital and reserves
Called up share capital	9	3	3
Retained earnings		856,860	793,857
Shareholders' funds		856,863	793,860

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 July 2026
 

......................................... Mrs Shelley-Lee Green Director

Forever Changes Limited

trading as Forever Changes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
2ND Floor Enterprise House
202-206 Linthorpe Road
Middlesbrough
TS1 3QW
United Kingdom

The principal place of business is:
42 Stonegate
York
YO1 8AS

These financial statements were authorised for issue by the director on 7 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Forever Changes Limited

trading as Forever Changes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	15% reducing balance
Fixture and Fittings	15% reducing balance
Office Equipment	15% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	15 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Forever Changes Limited

trading as Forever Changes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 19 (2024 - 19).

Forever Changes Limited

trading as Forever Changes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 November 2024	326,273	326,273
At 31 October 2025	326,273	326,273
Amortisation
At 1 November 2024	217,510	217,510
Amortisation charge	21,751	21,751
At 31 October 2025	239,261	239,261
Carrying amount
At 31 October 2025	87,012	87,012
At 31 October 2024	108,763	108,763

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 November 2024	628,568	246,563	45,023	920,154
Additions	-	7,214	-	7,214
At 31 October 2025	628,568	253,777	45,023	927,368
Depreciation
At 1 November 2024	123,776	222,901	28,220	374,897
Charge for the year	12,571	5,174	2,520	20,265
At 31 October 2025	136,347	228,075	30,740	395,162
Carrying amount
At 31 October 2025	492,221	25,702	14,283	532,206
At 31 October 2024	504,792	23,662	17,403	545,857

Included within the net book value of land and buildings above is £492,221 (2024 - £504,793) in respect of freehold land and buildings.
 

Forever Changes Limited

trading as Forever Changes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

6

Stocks

	2025 £	2024 £
Other inventories	16,500	17,000

7

Debtors

Current	Note	2025 £	2024 £
Amounts owed by related parties	11	130,000	-
Other debtors		74,882	72,131
		204,882	72,131

Forever Changes Limited

trading as Forever Changes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	22,561	22,750
Taxation and social security	127,523	147,967
Accruals and deferred income	1,600	20,000
Other creditors	5,148	9,322
	156,832	200,039

Creditors: amounts falling due after more than one year

2025 £

2024 £

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Share of £1 each	2	2	2	2
Ordinary B Share of £1 each	1	1	1	1
	3	3	3	3

10

Dividends

Final dividends paid

		2025 £		2024 £
Final dividend of £Nil per each Ordinary Share		-		-

Interim dividends paid

Forever Changes Limited

trading as Forever Changes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

		2025 £		2024 £
Interim dividend of £Nil (2024 - £31,375.33) per each Ordinary Share		-		94,126
Reconciliation to Dividends categories
Total assigned to category SOCIE 2 2		113000		94126
Difference to be corrected		(113,000)		-

11	Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	12,610	12,610