REGISTERED NUMBER: 07720749 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

CHANGE IT (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr K A Field

SECRETARY:

Mrs J L Field

REGISTERED OFFICE:

Hill Top

Gannaway

Norton Lindsey

Warwickshire

CV35 8JT

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

FIXED ASSETS

Tangible assets

4

144,940

58,859

CURRENT ASSETS

Stocks

5

116,827

53,175

Debtors

6

31,510

27,797

Cash at bank

88,959

175,081

237,296

256,053

CREDITORS

Amounts falling due within one year

7

146,834

186,024

NET CURRENT ASSETS

90,462

70,029

TOTAL ASSETS LESS CURRENT LIABILITIES

235,402

128,888

CREDITORS

Amounts falling due after more than one year

8

(99,826

)

(34,187

)

PROVISIONS FOR LIABILITIES

9

(35,793

)

(14,245

)

NET ASSETS

99,783

80,456

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

99,683

80,356

SHAREHOLDERS' FUNDS

99,783

80,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 August 2026 and were signed by:

Mr K A Field - Director

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 April 2025

39,736

75,207

114,943

Additions

6,167

88,251

94,418

Disposals

(1,000

)

-

(1,000

)

At 31 March 2026

44,903

163,458

208,361

DEPRECIATION

At 1 April 2025

36,581

19,503

56,084

Charge for year

(15,625

)

23,397

7,772

Eliminated on disposal

(435

)

-

(435

)

At 31 March 2026

20,521

42,900

63,421

NET BOOK VALUE

At 31 March 2026

24,382

120,558

144,940

At 31 March 2025

3,155

55,704

58,859

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2025

59,740

Additions

88,251

At 31 March 2026

147,991

DEPRECIATION

At 1 April 2025

16,242

Charge for year

20,956

At 31 March 2026

37,198

NET BOOK VALUE

At 31 March 2026

110,793

At 31 March 2025

43,498

5.

STOCKS

31.3.26

31.3.25

£

£

Stocks

750

500

Work-in-progress

116,077

52,675

116,827

53,175

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

18,545

20,984

Prepayments and accrued income

12,965

6,813

31,510

27,797

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

1,761

10,476

Hire purchase contracts

20,006

9,642

Payments on account

-

6,243

Trade creditors

56,872

92,226

Amounts owed to associates

17,721

7,721

Tax

6,657

23,590

Social security and other taxes

18,396

14,888

VAT

22,277

14,998

Directors' current accounts

186

3,376

Accrued expenses

2,958

2,864

146,834

186,024

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - 2-5 years

-

1,742

Hire purchase contracts

99,826

32,445

99,826

34,187

9.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

35,793

14,245

Deferred

tax

£

Balance at 1 April 2025

14,245

Charge to Statement of Income and Retained Earnings during year

21,548

Balance at 31 March 2026

35,793

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

100

Ordinary

£1

100

100

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 2026, there is a balance of £17,721 (2025 £7,721) owed by Change IT (UK) Limited, disclosed in creditors.