STEP CHANGE VENTURES
STEP CHANGE VENTURES
Company No:
STEP CHANGE VENTURES
Unaudited Financial Statements
For the financial year ended 31 December 2021
Pages for filing with the registrar
For the financial year ended 31 December 2021
Pages for filing with the registrar
Unaudited Financial Statements
Contents
COMPANY INFORMATION
COMPANY INFORMATION (continued)
DIRECTORS | G Rees |
J J Rees |
REGISTERED OFFICE | Keepers House |
Church Street | |
Cowbridge | |
Wales | |
CF71 7NQ | |
United Kingdom |
COMPANY NUMBER | 10442435 (England and Wales) |
CHARTERED ACCOUNTANTS | Bishop Fleming LLP |
10 Temple Back | |
Bristol | |
BS1 6FL |
STATEMENT OF FINANCIAL POSITION
STATEMENT OF FINANCIAL POSITION (continued)
Note | 31.12.2021 | 31.12.2020 | ||
£ | £ | |||
Current assets | ||||
Debtors | 3 |
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Cash at bank and in hand | 4 |
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1,782 | 8,033 | |||
Creditors | ||||
Amounts falling due within one year | 5 | (
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(
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Net current (liabilities)/assets | (1,611) | 3,800 | ||
Total assets less current liabilities | (1,611) | 3,800 | ||
Net (liabilities)/assets | (
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Capital and reserves | ||||
Called-up share capital | 6 |
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Profit and loss account | (
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Total shareholders' (deficit)/funds | (
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Directors' responsibilities:
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The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476; -
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and -
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.
The financial statements of Step Change Ventures (registered number:
J J Rees
Director |
NOTES TO THE FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
1. Accounting policies
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
General information and basis of accounting
Step Change Ventures (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Keepers House, Church Street, Cowbridge, Wales, CF71 7NQ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
Going concern
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Turnover
Employee benefits
Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.
Taxation
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Trade and other debtors
Cash and cash equivalents
Trade and other creditors
Ordinary share capital
2. Employees
31.12.2021 | 31.12.2020 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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3. Debtors
31.12.2021 | 31.12.2020 | ||
£ | £ | ||
Other taxation and social security |
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4. Cash and cash equivalents
31.12.2021 | 31.12.2020 | ||
£ | £ | ||
Cash at bank and in hand |
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5. Creditors: amounts falling due within one year
31.12.2021 | 31.12.2020 | ||
£ | £ | ||
Trade creditors |
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Other creditors |
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Corporation tax |
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6. Called-up share capital
31.12.2021 | 31.12.2020 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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