Caseware UK (AP4) 2021.0.152 2021.0.152 2022-03-312022-03-31true2021-04-01falseNo description of principal activity55falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12002802 2021-04-01 2022-03-31 12002802 2020-04-01 2021-03-31 12002802 2022-03-31 12002802 2021-03-31 12002802 c:Director1 2021-04-01 2022-03-31 12002802 c:Director2 2021-04-01 2022-03-31 12002802 c:Director3 2021-04-01 2022-03-31 12002802 c:Director4 2021-04-01 2022-03-31 12002802 c:Director5 2021-04-01 2022-03-31 12002802 c:RegisteredOffice 2021-04-01 2022-03-31 12002802 d:FurnitureFittings 2021-04-01 2022-03-31 12002802 d:FurnitureFittings 2022-03-31 12002802 d:FurnitureFittings 2021-03-31 12002802 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 12002802 d:ComputerEquipment 2021-04-01 2022-03-31 12002802 d:ComputerEquipment 2022-03-31 12002802 d:ComputerEquipment 2021-03-31 12002802 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 12002802 d:OwnedOrFreeholdAssets 2021-04-01 2022-03-31 12002802 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-31 12002802 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-03-31 12002802 d:CurrentFinancialInstruments 2022-03-31 12002802 d:CurrentFinancialInstruments 2021-03-31 12002802 d:Non-currentFinancialInstruments 2022-03-31 12002802 d:Non-currentFinancialInstruments 2021-03-31 12002802 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12002802 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 12002802 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 12002802 d:Non-currentFinancialInstruments d:AfterOneYear 2021-03-31 12002802 d:ShareCapital 2022-03-31 12002802 d:ShareCapital 2021-03-31 12002802 d:SharePremium 2022-03-31 12002802 d:SharePremium 2021-03-31 12002802 d:RetainedEarningsAccumulatedLosses 2022-03-31 12002802 d:RetainedEarningsAccumulatedLosses 2021-03-31 12002802 c:FRS102 2021-04-01 2022-03-31 12002802 c:AuditExempt-NoAccountantsReport 2021-04-01 2022-03-31 12002802 c:FullAccounts 2021-04-01 2022-03-31 12002802 c:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 12002802 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:InternallyGeneratedIntangibleAssets 2021-04-01 2022-03-31 12002802 d:DevelopmentCostsCapitalisedDevelopmentExpenditure d:OwnedIntangibleAssets 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure
Company registration number: 12002802







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2022


WORK.LIFE LS LIMITED






































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WORK.LIFE LS LIMITED
 


 
COMPANY INFORMATION


Directors
E. E. Gold 
D. J. Kosky 
J. L. Nicholson 
I. J. W. McCarter 
W. Beardmore-Gray 




Registered number
12002802



Registered office
Waverley House
9 Noel Street

London

W1F 8GQ




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


WORK.LIFE LS LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7

 


WORK.LIFE LS LIMITED
REGISTERED NUMBER:12002802



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2022

2022
2021
Note
£
£

Fixed assets
  

Intangible assets
 4 
177,167
117,337

Tangible assets
 5 
28,285
17,812

  
205,452
135,149

Current assets
  

Debtors: amounts falling due within one year
 6 
158,388
22,296

Cash at bank and in hand
  
478,593
2,181,759

  
636,981
2,204,055

Creditors: amounts falling due within one year
 7 
(482,631)
(1,448,376)

Net current assets
  
 
 
154,350
 
 
755,679

Total assets less current liabilities
  
359,802
890,828

Creditors: amounts falling due after more than one year
 8 
(800,000)
(400,000)

  

Net (liabilities)/assets
  
(440,198)
490,828

Page 1

 


WORK.LIFE LS LIMITED
REGISTERED NUMBER:12002802


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2022

2022
2021
£
£

Capital and reserves
  

Allotted, called up and fully paid share capital
  
4
4

Share premium account
  
1,599,998
1,599,998

Profit and loss account
  
(2,040,200)
(1,109,174)

  
(440,198)
490,828


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 year 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: 



E. E. Gold
Director

Date: 26 August 2022

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 


WORK.LIFE LS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1.


General information

Work.Life LS Limited is a private company, limited by shares and registered in England and Wales. The company's registered number and office address can be found on the company information page.

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

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Potential sources of uncertainty noted by the directors include the COVID-19 pandemic. However at the date of this report it is not possible to reliably determine the effects that this will have on the company.
The directors and shareholders have indicated their present intention to provide adequate finance to enable the company to continue in operational existance, and on this basis the directors consider it appropriate to prepare the financial statements on the going concern basis.

 
2.3

Revenue

Turnover is in relation to income received from office workspace rentals and property management. 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.

  
2.4

Hire purchase and lease commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and
depreciated over 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 profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.5

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Page 3

 


WORK.LIFE LS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.
 
 
2.7

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.

Development costs are being amortised evenly over their estimated useful life of five years.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
Straight line over 4 years
Computer equipment
-
Straight line over 4 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

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 creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 4

 


WORK.LIFE LS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2021 - 5).


4.


Intangible assets




Development costs

£



Cost


At 1 April 2021
137,514


Additions
98,890



At 31 March 2022

236,404



Amortisation


At 1 April 2021
20,177


Charge for the year
39,060



At 31 March 2022

59,237



Net book value



At 31 March 2022
177,167



At 31 March 2021
117,337



Page 5

 


WORK.LIFE LS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

5.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2021
15,384
4,827
20,211


Additions
14,233
-
14,233


Disposals
-
3,671
3,671



At 31 March 2022

29,617
8,498
38,115



Depreciation


At 1 April 2021
1,695
704
2,399


Charge for the year
6,148
1,283
7,431



At 31 March 2022

7,843
1,987
9,830



Net book value



At 31 March 2022
21,774
6,511
28,285



At 31 March 2021
13,689
4,123
17,812




6.


Debtors

2022
2021
£
£


Trade debtors
56,710
3,540

Amounts owed by group undertakings
9,433
387

Other debtors
92,245
18,369

158,388
22,296


Page 6

 


WORK.LIFE LS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
93,115
41,822

Amounts owed to group undertakings
162,657
1,181,659

Other creditors
226,859
224,895

482,631
1,448,376



8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Other creditors
800,000
400,000

800,000
400,000



9.


Parent company

The company's parent entity is Work.Life Holdings Limited, a company incorporated in the UK, it's registered address is Waverley House, 9 Noel Street, London, W1F 8GQ.
 
Page 7