ACCOUNTS - Final Accounts preparation

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-01-312022-01-31truetrue2021-03-05falseInvolved in the sale of textiles, clothing, fur, footwear and leather goods,Non-specialised wholesale trade2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13246690 2021-03-04 13246690 2021-03-05 2022-01-31 13246690 2020-03-05 2021-03-04 13246690 2022-01-31 13246690 c:Director1 2021-03-05 2022-01-31 13246690 d:ComputerSoftware 2022-01-31 13246690 d:ComputerSoftware 2021-03-04 13246690 d:CurrentFinancialInstruments 2022-01-31 13246690 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 13246690 d:ShareCapital 2022-01-31 13246690 d:RetainedEarningsAccumulatedLosses 2022-01-31 13246690 c:OrdinaryShareClass1 2021-03-05 2022-01-31 13246690 c:OrdinaryShareClass1 2022-01-31 13246690 c:FRS102 2021-03-05 2022-01-31 13246690 c:AuditExempt-NoAccountantsReport 2021-03-05 2022-01-31 13246690 c:FullAccounts 2021-03-05 2022-01-31 13246690 c:PrivateLimitedCompanyLtd 2021-03-05 2022-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13246690

DYEING FOR CHANGE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2022

DYEING FOR CHANGE LIMITED

REGISTERED NUMBER: 13246690

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2022

		2022
Note		£

Fixed assets
Intangible assets	4		1,604
Current assets
Stocks		6,393
Debtors: amounts falling due within one year	5	3,213
Cash at bank and in hand		11,730
		21,336
Creditors: amounts falling due within one year	6	(24,834)
Net current (liabilities)/assets			(3,498)
Total assets less current liabilities			(1,894)

Net (liabilities)/assets			(1,894)

Capital and reserves
Called up share capital	7	100
Profit and loss account		(1,994)
		(1,894)

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DYEING FOR CHANGE LIMITED

REGISTERED NUMBER: 13246690

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M Ogden

Director

Date: 10 January 2023

The notes on pages 3 to 7 form part of these financial statements.

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DYEING FOR CHANGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2022

1.	General information

The company is a private company limited by shares and is incorporated in England and Wales.
The registered office is 35 Ballards Lane, London, England, N3 1XW.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

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DYEING FOR CHANGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2022

2.Accounting policies (continued)

2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to sell.

2.5

Going concern

The financial statements have been prepared on the going concern basis. This assumes that the ompany will continue to trade for the foreseeable future, being a period of at least twelve months fom the date of approval of these financial statements.
At the balance sheet date, the company has net current liabilities of £3,498. The Company relies upon borrowings of £10,737 due to related parties and will continue to rely on their ongoing support which the directors have confirmed, thus ensuring liabilities are met as they fall due.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditor and loans from related parties.
i) Financial assets
Basic financial assets, including trade and other debtors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are

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DYEING FOR CHANGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2022

2.Accounting policies (continued)

2.7

Financial instruments (continued)

transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
(ii) Financial liabilities
Basic financial liabilities, including trade other creditors and accruals, are initially recognised at transaction price, 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.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Employees

The average monthly number of employees, including directors, during the period was 2.

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DYEING FOR CHANGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2022

4.	Intangible assets

		Website development
		£
	Cost
	At 5 March 2021	2,000
	At 31 January 2022	2,000
	Amortisation
	At 5 March 2021	396
	At 31 January 2022	396
	Net book value
	At 31 January 2022	1,604

Debtors

					2022
					£


	Trade debtors	603
	Prepayments and accrued income	2,610
		3,213

6.	Creditors: Amounts falling due within one year
		2022
		£

	Trade creditors	10,991
	Other taxation and social security	607
	Other creditors	10,736
	Accruals and deferred income	2,500
		24,834

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DYEING FOR CHANGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JANUARY 2022

7.	Share capital
		2022
		£

		Allotted, called up and fully paid

		100 Ordinary shares of £1.00 each	100

On incorporation, the company allotted 100 Ordinary shares of £1 each, at par value.

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