The Changing Workplace Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03614433 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st August 2014

for

The Changing Workplace Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S P Thorley

JA Nunn

SECRETARY:

JA Nunn

REGISTERED OFFICE:

1 Boltro Road

Haywards Heath

West Sussex

RN16 1BY

REGISTERED NUMBER:

03614433 (England and Wales)

ACCOUNTANTS:

Lucraft, Hodgson & Dawes LLP

Chartered Accountants

2/4 Ash Lane

Rustington

West Sussex

BN16 3BZ

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

82,601

109,096

Investments

4

865,793

736,095

948,394

845,191

CURRENT ASSETS

Debtors

2,194,068

1,921,669

Cash at bank and in hand

65,798

45,400

2,259,866

1,967,069

CREDITORS

Amounts falling due within one year

333,245

238,470

NET CURRENT ASSETS

1,926,621

1,728,599

TOTAL ASSETS LESS CURRENT LIABILITIES

2,875,015

2,573,790

PROVISIONS FOR LIABILITIES

11,346

15,795

NET ASSETS

2,863,669

2,557,995

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

2,863,569

2,557,895

SHAREHOLDERS' FUNDS

2,863,669

2,557,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 31st May 2015 and were signed on its behalf by:

S P Thorley - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill arising on the acquisition of businesses, represents the excess of the fair value of consideration over

the fair value of identifiable assets and liabilities acquired.

Goodwill is amortised in equal instalments over its estimated useful life, except where it has been identified as

impaired in the period, in which case it will be written down as appropriate.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

in accordance with the property

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment.

Taxation

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have

been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2013

and 31st August 2014

333,837

AMORTISATION

At 1st September 2013

and 31st August 2014

333,837

NET BOOK VALUE

At 31st August 2014

-

At 31st August 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2013

and 31st August 2014

288,690

DEPRECIATION

At 1st September 2013

179,594

Charge for year

26,495

At 31st August 2014

206,089

NET BOOK VALUE

At 31st August 2014

82,601

At 31st August 2013

109,096

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1st September 2013

736,095

Share of profit/(loss)

129,698

At 31st August 2014

865,793

NET BOOK VALUE

At 31st August 2014

865,793

At 31st August 2013

736,095

The company's investments at the balance sheet date in the share capital of companies include the following:

Subsidiary

Space Data Technology LLP

Country of incorporation: South Africa

Nature of business: Computer services

%

Class of shares:

holding

Ordinary

100.00

2014

2013

£

£

Aggregate capital and reserves

1,000

1,000

Associated company

CWP Residential LLP

Nature of business: Development and letting of it's own property

%

Class of shares:

holding

Partnership share

50.00

2014

2013

£

£

Aggregate capital and reserves

2,779,010

2,747,402

Profit for the year

144,109

44,333

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary Shares of £1 each

1

100

100