Abbreviated Company Accounts - CHANGE FINANCE LIMITED

CHANGE FINANCE LIMITED - Company Information

04517084 CHANGE FINANCE LIMITED 2014-08-31 false 2013-09-01 2014-08-31 true 04517084 2013-09-01 2014-08-31 04517084 2014-08-31 04517084 2013-08-31 04517084 uk-gaap-cd-bus:Director1 2013-09-01 2014-08-31 04517084 uk-gaap-cd-bus:Director2 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-31 iso4217:GBP shares

Registered Number 04517084

CHANGE FINANCE LIMITED

Abbreviated Accounts

31 August 2014

CHANGE FINANCE LIMITED Registered Number 04517084

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	17,962	32,786
		17,962	32,786
Current assets
Stocks		3,100	12,200
Debtors		36,333	21,705
Cash at bank and in hand		48,238	32,417
		87,671	66,322
Creditors: amounts falling due within one year		(19,944)	(14,038)
Net current assets (liabilities)		67,727	52,284
Total assets less current liabilities		85,689	85,070
Creditors: amounts falling due after more than one year		(9,384)	(5,250)
Provisions for liabilities		-	(4,906)
Total net assets (liabilities)		76,305	74,914
Capital and reserves
Called up share capital	3	200	200
Profit and loss account		76,105	74,714
Shareholders' funds		76,305	74,914

For the year ending 31 August 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 directors acknowledge their 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 Board on 28 May 2015

And signed on their behalf by:
Martin Kent, Director

CHANGE FINANCE LIMITED Registered Number 04517084

Notes to the Abbreviated Accounts for the period ended 31 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of services rendered during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery 20% straight line
Fixtures, fittings and equipment 20% straight line
Motor vehicles 25% straight line

Valuation information and policy
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the profit and loss account.

Other accounting policies
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 September 2013	79,444
Additions	13,181
Disposals	(51,112)
Revaluations	-
Transfers	-
At 31 August 2014	41,513
Depreciation
At 1 September 2013	46,658
Charge for the year	7,539
On disposals	(30,646)
At 31 August 2014	23,551
Net book values
At 31 August 2014	17,962
At 31 August 2013	32,786

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
200 Ordinary shares of £1 each	200	200