21st Century Change Solutions Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC415571 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

21ST CENTURY CHANGE SOLUTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

E B Watson

Mrs N J Watson

REGISTERED OFFICE:

6th Floor

Gordon Chambers

90 Mitchell Street

Glasgow

G1 3NQ

REGISTERED NUMBER:

SC415571 (Scotland)

ACCOUNTANTS:

Henderson Loggie

90 Mitchell Street

Glasgow

Lanarkshire

G1 3NQ

CURRENT ASSETS

Debtors

65,195

13,162

Cash at bank

216,049

263,067

281,244

276,229

CREDITORS

Amounts falling due within one year

256,966

268,712

NET CURRENT ASSETS

24,278

7,517

TOTAL ASSETS LESS CURRENT LIABILITIES

24,278

7,517

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

24,178

7,417

SHAREHOLDERS' FUNDS

24,278

7,517

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 1 September 2014 and were signed on its behalf by:

Mrs N J Watson - 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 services, excluding value added tax.

Deferred tax

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

sheet date.

Pension contributions and other post-retirement benefits

'Employer Financed Retirement Benefit Schemes (EFRBS)

During the year the Company resolved to establish an employer financed retirement benefit scheme for the

benefit of its officers, employees and their wider families, The 21st Century Change Solutions Limited 2013

EFRBS ('the Scheme').

In accordance with Financial Reporting Standards, the Directors consider that a constructive obligation existed

as at 31 March 2013 as a result of the resolution made at a meeting of the Directors beforehand. It was therefore

considered that an accrual should be recognised in the accounts of £220,200.00 on the basis that as at 31 March

2013 the Company had a present constructive obligation as a result of a past event, that the Directors believed

that a transfer of economic benefits would be required to settle the obligation, and that an accurate estimate could

be made of the amount of the obligation. On 18 June 2013 the Company established the Scheme and within 9

months of the accounting year end the Company made contributions of £220,200.00 in total under the Scheme.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100