Abbreviated Company Accounts - CHANGE FINANCE LIMITED

CHANGE FINANCE LIMITED - Company Information

04517084 CHANGE FINANCE LIMITED 2015-08-31 false 2014-09-01 2015-08-31 true 04517084 2014-09-01 2015-08-31 04517084 2015-08-31 04517084 2014-08-31 04517084 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 04517084 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 04517084

CHANGE FINANCE LIMITED

Abbreviated Accounts

31 August 2015

CHANGE FINANCE LIMITED Registered Number 04517084

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	22,133	17,962
		22,133	17,962
Current assets
Stocks		-	3,100
Debtors		17,938	36,333
Cash at bank and in hand		76,885	48,238
		94,823	87,671
Creditors: amounts falling due within one year		(27,619)	(19,944)
Net current assets (liabilities)		67,204	67,727
Total assets less current liabilities		89,337	85,689
Creditors: amounts falling due after more than one year		(10,377)	(9,384)
Total net assets (liabilities)		78,960	76,305
Capital and reserves
Called up share capital	3	200	200
Profit and loss account		78,760	76,105
Shareholders' funds		78,960	76,305

For the year ending 31 August 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 May 2016

And signed on their behalf by:
Martin Kent, Director

CHANGE FINANCE LIMITED Registered Number 04517084

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of services rendered during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:

Plant and machinery 20% straight line
Fixtures, fittings and equipment 20% straight line
Motor vehicles 25% straight line

Other accounting policies
Leasing and hire purchase
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

2Tangible fixed assets

	£
Cost
At 1 September 2014	41,513
Additions	11,910
Disposals	(5,938)
Revaluations	-
Transfers	-
At 31 August 2015	47,485
Depreciation
At 1 September 2014	23,551
Charge for the year	5,458
On disposals	(3,657)
At 31 August 2015	25,352
Net book values
At 31 August 2015	22,133
At 31 August 2014	17,962

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
200 Ordinary shares of £1 each	200	200