Company registration number 09698958 (England and Wales)
Transformation and Change Consultancy Limited
Unaudited Financial Statements
For The Year Ended 30 November 2025
Pages For Filing With Registrar
Transformation and Change Consultancy Limited
Contents
Page
Profit and loss account
1
Balance sheet
2
Notes to the financial statements
3 - 6
Transformation and Change Consultancy Limited
Profit And Loss Account
For The Year Ended 30 November 2025
Page 1
2025
2024
Notes
£
£
Turnover
-
-
Administrative expenses
(2,613)
(1,622)
Operating loss
(2,613)
(1,622)
Interest receivable and similar income
769
880
Loss before taxation
(1,844)
(742)
Tax on loss
-
0
-
0
Loss for the financial year
(1,844)
(742)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

Transformation and Change Consultancy Limited
Balance Sheet
As At 30 November 2025
Page 2
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,344
439
Current assets
Debtors
4
815
312
Cash at bank and in hand
55,261
55,269
56,076
55,581
Creditors: amounts falling due within one year
5
(11,737)
(5,993)
Net current assets
44,339
49,588
Net assets
47,683
50,027
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
47,681
50,025
Total equity
47,683
50,027

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 20 August 2026
Mr C D N Aubrey
Director
Company registration number 09698958 (England and Wales)
Transformation and Change Consultancy Limited
Notes To The Financial Statements
For The Year Ended 30 November 2025
Page 3
1
Accounting policies
Company information

Transformation and Change Consultancy Limited is a private company limited by shares incorporated in England and Wales. The registered office is 50 Rectory Road, Little Oakley, Harwich, CO12 5JU.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Revenue comprises sales of services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The company recognises revenue from the following major sources:

- Sale of services

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Sale of services

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% reducing balance
Computer equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Transformation and Change Consultancy Limited
Notes To The Financial Statements (Continued)
For The Year Ended 30 November 2025
1
Accounting policies
(Continued)
Page 4
1.3
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Transformation and Change Consultancy Limited
Notes To The Financial Statements (Continued)
For The Year Ended 30 November 2025
1
Accounting policies
(Continued)
Page 5
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
Transformation and Change Consultancy Limited
Notes To The Financial Statements (Continued)
For The Year Ended 30 November 2025
Page 6
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2024
2,597
Additions
3,406
At 30 November 2025
6,003
Depreciation and impairment
At 1 December 2024
2,158
Depreciation charged in the year
501
At 30 November 2025
2,659
Carrying amount
At 30 November 2025
3,344
At 30 November 2024
439
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
815
312
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
11,737
5,993
6
Directors' transactions

Dividends totalling £500 (2024 - £500) were paid in the year in respect of shares held by the company's directors.

The following director made interest free loans to the reporting entity in the year. The movement on these loans is as follows:

Loans
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Mr C D N Aubrey -
-
5,382
5,744
11,126
5,382
5,744
11,126
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