Ch6nge Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08125574 (England and Wales)

CH6NGE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2018 TO 30 SEPTEMBER 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R J Lucas

REGISTERED OFFICE:

25 Southampton Buildings

London

WC2A 1AL

REGISTERED NUMBER:

08125574 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

8,472

CURRENT ASSETS

Debtors

5

58,696

126,261

Cash at bank

112,633

158,259

171,329

284,520

CREDITORS

Amounts falling due within one year

6

(6,979

)

(52,562

)

NET CURRENT ASSETS

164,350

231,958

TOTAL ASSETS LESS CURRENT LIABILITIES

164,350

240,430

PROVISIONS FOR LIABILITIES

7

-

(1,610

)

NET ASSETS

164,350

238,820

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

164,250

238,720

SHAREHOLDERS' FUNDS

164,350

238,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2019 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 on 17 December 2019 and were signed by:

R J Lucas - Director

1.	STATUTORY INFORMATION

WKC Global 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 FRS 102 "The Financial Reporting Standards

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

amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain

financial instruments at fair value. The principal accounting policies adopted are set out below.

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 the cost less estimated residual value of each asset over its estimated useful life.

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 recognised in the income statement.

Taxation

Taxation for the period 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 period 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.

Financial assets

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes

party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables 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 financial transaction, where the transaction is

measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and

subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the

debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct

issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the

discretion of the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2018

1,046

13,192

14,238

Additions

-

2,356

2,356

Disposals

(1,046

)

(15,548

)

(16,594

)

At 30 September 2019

-

-

-

DEPRECIATION

At 1 April 2018

551

5,215

5,766

Eliminated on disposal

(551

)

(5,215

)

(5,766

)

At 30 September 2019

-

-

-

NET BOOK VALUE

At 30 September 2019

-

-

-

At 31 March 2018

495

7,977

8,472

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

58,696

126,261

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

-

47,095

Other creditors

6,979

5,467

6,979

52,562

7.	PROVISIONS FOR LIABILITIES

2019

2018

£

£

Deferred tax

-

1,610

Deferred

tax

£

Balance at 1 April 2018

1,610

Decelerated capital allowances

(1,610

)

Balance at 30 September 2019

-

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, advances totalling £135,715 (2018: £190,206) were made to the company's director. £214,390

(2018: £149,325) was repaid prior to the year-end. The balance outstanding at the year-end was £46,583 (2018:

£125,258). Interest is payable in accordance with HMRC approved rate and the advances are repayable on

demand.