Changelink Ltd - Limited company - abbreviated - 11.6

Changelink Ltd - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 02875922 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

CHANGELINK LTD

CHANGELINK LTD (REGISTERED NUMBER: 02875922)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

CHANGELINK LTD

Company Information
for the Year Ended 31 December 2014







DIRECTOR: S Barsoum





REGISTERED OFFICE: Alpha House
176a High Street
Barnet
Hertfordshire
EN5 5SZ





BUSINESS ADDRESS: 330 Vauxhall Bridge Road
London
SW1V 1AA





REGISTERED NUMBER: 02875922 (England and Wales)





ACCOUNTANTS: Joshua Leigh & Co Limited
Alpha House
176a High Street
Barnet
Hertfordshire
EN5 5SZ

CHANGELINK LTD (REGISTERED NUMBER: 02875922)

Abbreviated Balance Sheet
31 December 2014

2014 2013
Notes £    £   
FIXED ASSETS
Tangible assets 2 166,982 191,549

CURRENT ASSETS
Debtors 51,793 90,234
Cash at bank and in hand 721,119 581,069
772,912 671,303
CREDITORS
Amounts falling due within one year (42,204 ) (62,883 )
NET CURRENT ASSETS 730,708 608,420
TOTAL ASSETS LESS CURRENT LIABILITIES 897,690 799,969

PROVISIONS FOR LIABILITIES (3,170 ) (3,012 )
NET ASSETS 894,520 796,957

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 894,420 796,857
SHAREHOLDERS' FUNDS 894,520 796,957

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 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 director on 19 August 2015 and were signed by:





S Barsoum - Director


CHANGELINK LTD (REGISTERED NUMBER: 02875922)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2014

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 the net surplus from operating bureaux de change.

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 - Over the term of the lease
Improvements to property - Over the term of the lease
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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

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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014 425,574
Additions 10,697
At 31 December 2014 436,271
DEPRECIATION
At 1 January 2014 234,025
Charge for year 35,264
At 31 December 2014 269,289
NET BOOK VALUE
At 31 December 2014 166,982
At 31 December 2013 191,549

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 100 100