REGISTERED NUMBER: 11141071 (England and Wales)

INTERACTION WORKS GLOBAL LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

Page

Company information

1

Accountants' report

2

Abridged statement of financial position

3

to

4

Notes to the financial statements

5

to

6

Director:

R S F Lytton Cobbold

Registered office:

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

Registered number:

11141071 (England and Wales)

Accountants:

Menzies LLP

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Interaction Works Global Ltd for the year ended 31st March 2023 which comprise the Income statement, Abridged Statement of financial position, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Interaction Works Global Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Interaction Works Global Ltd and state those matters that we have agreed to state to the director of Interaction Works Global Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Interaction Works Global Ltd and its director for our work or for this report.

It is your duty to ensure that Interaction Works Global Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Interaction Works Global Ltd. You consider that Interaction Works Global Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Interaction Works Global Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Menzies LLP

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

4th October 2023

FIXED ASSETS

Property, plant and equipment

5

51,757

96,878

CURRENT ASSETS

Debtors

49,995

21,634

Cash at bank

20,380

14,140

70,375

35,774

CREDITORS

Amounts falling due within one year

(190,755

)

(187,476

)

NET CURRENT LIABILITIES

(120,380

)

(151,702

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(68,623

)

(54,824

)

CAPITAL AND RESERVES

Called up share capital

6

1,000

1,000

Retained earnings

(69,623

)

(55,824

)

SHAREHOLDERS' FUNDS

(68,623

)

(54,824

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of financial position for the year ended 31st March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th October 2023 and were signed by:

R S F Lytton Cobbold - Director

1.	STATUTORY INFORMATION

Interaction Works Global Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Going Concern

The company made a loss of £33,300 for the year ended 31 March 2023 (2022: loss of £55,824) and had net liabilities £88,124 as at 31 March 2023 (2022: £54,824).

The connected companies of Interation Works Global Ltd will continue to support the company for the foreseeable future and will not demand payment of any amounts due to them until the cash flow of the company allows for this. The financial statements have been prepared on a going concern basis.

Significant judgements and estimates

No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

Revenue

Revenue represents the total invoice value, excluding value added tax, trade discounts and all other direct taxes made during the year.

Revenue recognition

Revenue is recognised when goods have been delivered or services supplied to customers such that risks and rewards of ownership have transferred to them.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment - 33% on cost

Tax

Tax for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred tax assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

Cost

At 1st April 2022

and 31st March 2023

141,999

Depreciation

At 1st April 2022

45,121

Charge for year

45,121

At 31st March 2023

90,242

Net book value

At 31st March 2023

51,757

At 31st March 2022

96,878

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

1,000

Ordinary

1

1,000

1,000