Change 4 Housing Ltd - Period Ending 2014-09-30

Registration number: 06692183

Change 4 Housing Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2014
 

Paul S Axcell Chartered Accountant
10 Springfield
Ovington
Prudhoe
Northumberland
NE42 6EH

Change 4 Housing Ltd
(Registration number: 06692183)
Abbreviated Balance Sheet at 30 September 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					582			684
Current assets
Debtors					2,971			34,604
Cash at bank and in hand					16,750			11,577
					19,721			46,181
Creditors: Amounts falling due within one year					(809)			(4,963)
Net current assets					18,912			41,218
Total assets less current liabilities					19,494			41,902
Provisions for liabilities					-			(137)
Net assets					19,494			41,765
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					19,493			41,764
Shareholders' funds					19,494			41,765

For the year ending 30 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 14 January 2015

.........................................
AN Alderton
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Change 4 Housing Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	15% reducing balance basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2013		976			976
At 30 September 2014		976			976
Depreciation
At 1 October 2013		292			292
Charge for the year		102			102
At 30 September 2014		394			394
Net book value
At 30 September 2014		582			582
At 30 September 2013		684			684

Page 2

Change 4 Housing Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

4	Related party transactions

Director's advances and credits

	2014 Advance/ Credit £	2014 Repaid £	2013 Advance/ Credit £	2013 Repaid £
AN Alderton
Interest free loans made in year totaling	-	34,500	34,500	-

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