Worker X Limited


FINANCIAL STATEMENTS


for the year ended 30th April 2022



Worker X Limited

CONTENTS

for the year ended 30th April 2022







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Worker X Limited

Company No. 10712067

STATEMENT OF FINANCIAL POSITION

as at 30th April 2022

20222021
Note£££
FIXED ASSETS
Intangible assets4127666-
Property, plant and equipment5436696416648
564362416648
CURRENT ASSETS
Debtors6238848681200
Cash at bank and in hand412062798238
6509101479438
CURRENT LIABILITIES
Creditors: amounts falling due
within one year7319996594110
NET CURRENT ASSETS330914885328
TOTAL ASSETS LESS CURRENT LIABILITIES8952761301976
 
Creditors: amounts falling due
after more than one year83800050000
 
NET ASSETS8572761251976
 
CAPITAL AND RESERVES
Called up share capital25106542510654
Retained earnings(1653378)(1258678)
SHAREHOLDERS FUNDS8572761251976

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th April 2022 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 19 August 2022


Harris C E

Director

Company Number 10712067 (England)

Worker X Limited

NOTES TO THE ACCOUNTS

for the year ended 30th April 2022


1   Statutory information

Worker X Limited is a private company limited by shares and registered under company number 10712067 in England. Its registered office address is 3rd Floor 6-8 Bonhill Street Bonhill Street, London, England, EC2A 4BX.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles15% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. 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 a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Pensions

The Company operates a defined contribution pension scheme. Contributions are charged to the Income Statement as they become payable in accordance with the rules of the scheme.

3   Employee information

The average number of employees during the accounting period was 5 (2021 - 5).

4   Intangible assets
£
Propriatary Software Development Costs
 
Cost
At 1st May 2021 -
Additions127666
At 30th April 2022127666
 
Amortisation
At 1st May 2021
At 30th April 2022-
 
Net Book Value
At 30th April 2022127666
At 30th April 2021-

Intangible Fixed Assets are being written off in equal annual instalments over each asset's estimated economic life.


5   Property, plant and equipment
 
Fixtures
and
FittingsTotal
££
Cost
At 1st May 2021 466775466775
Additions140383140383
Disposals(43272)(43272)
At 30th April 2022563886563886
 
Depreciation
At 1st May 2021 5012750127
Charge for year7706377063
At 30th April 2022127190127190
 
Net Book Value
At 30th April 2022436696436696
At 30th April 2021416648416648

6   Debtors20222021
££
 
Trade Debtors6977048670
Other debtors142717594864
Prepayments and accrued income2636137666
238848681200

7   Creditors: amounts falling due within one year20222021
££
 
Loans and Overdrafts6678-
Trade Creditors261603560264
Taxes and social security costs7187328
Other creditors3217827935
Accruals and deferred income123505583
319996594110

8   Creditors: amounts falling due after one year20222021
££
 
Loans and Overdrafts3800050000
3800050000

9   Loans20222021
££
Analysis of maturity of debt:
 
Within one year6678-
Between one and five years3800050000
4467850000

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