Change Works Ltd - Filleted accounts

Registered number

11123010

Change Works Ltd

Filleted Accounts

31 December 2025

Change Works Ltd
Registered number:		11123010
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		57,088			84,735

Current assets
Debtors	4	8,366			8,272
Cash at bank and in hand		2			-
		8,368			8,272

Creditors: amounts falling due within one year	5	(60,925)			(48,251)

Net current liabilities			(52,557)			(39,979)

Total assets less current liabilities			4,531			44,756


Provisions for liabilities			(10,847)			(16,100)


Net (liabilities)/assets			(6,316)			28,656

Capital and reserves
Called up share capital			1			1
Profit and loss account			(6,317)			28,655

Shareholder's funds			(6,316)			28,656

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Rosa Metra
Director
Approved by the board on 4 August 2026

Change Works Ltd
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			2% Straight Line Method
	Fixtures & Fittings			20% Straight Line Method
	Computer Equipment			33.33% Straight Line Method

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		1

3	Tangible fixed assets
		Land and buildings		Fixtures & Fittings		Computer Equipment		Total
£			£		£		£
	Cost
	At 1 January 2025	18,576		119,761		25,569		163,906
	At 31 December 2025	18,576		119,761		25,569		163,906

	Depreciation
	At 1 January 2025	1,006		60,294		17,871		79,171
	Charge for the year	371		22,764		4,512		27,647
	At 31 December 2025	1,377		83,058		22,383		106,818

	Net book value
	At 31 December 2025	17,199		36,703		3,186		57,088
	At 31 December 2024	17,570		59,467		7,698		84,735

4	Debtors					2025		2024
£							£

	Trade debtors					8,366		8,272

5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank overdrafts					13,789		14,801
	Directors loan account					17,185		-
	Corporation tax					-		(5,725)
	Other taxes and social security					1,885		713
	VAT					24,520		32,070
	Other creditors					3,546		6,392
						60,925		48,251

6	Other information

	Change Works Ltd is a private company limited by shares and incorporated in England. Its registered office is:

	27 Old Gloucester Street
	London
	England
	WC1N 3AX