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REGISTERED NUMBER: 06790567 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

THE WORKHOUSE PICTURE COMPANY LTD.

THE WORKHOUSE PICTURE COMPANY LTD. (REGISTERED NUMBER: 06790567)

Contents of the Financial Statements
for the Year Ended 31 January 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

THE WORKHOUSE PICTURE COMPANY LTD.

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mrs C E K Piddington
N B Wiley





REGISTERED OFFICE: 7 Luke Street
London
EC2A 4PX





REGISTERED NUMBER: 06790567 (England and Wales)





ACCOUNTANTS: Russell & Co
Station House
Station Approach
East Horsley
Leatherhead
Surrey
KT24 6QX

THE WORKHOUSE PICTURE COMPANY LTD. (REGISTERED NUMBER: 06790567)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 491,817 216,969

CURRENT ASSETS
Debtors 5 753,385 740,121
Cash at bank 1,882,654 1,272,778
2,636,039 2,012,899
CREDITORS
Amounts falling due within one year 6 409,324 381,384
NET CURRENT ASSETS 2,226,715 1,631,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,718,532

1,848,484

CREDITORS
Amounts falling due after more than one
year

7

(253,784

)

(44,210

)

PROVISIONS FOR LIABILITIES 8 (92,997 ) (40,677 )
NET ASSETS 2,371,751 1,763,597

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,370,751 1,762,597
SHAREHOLDERS' FUNDS 2,371,751 1,763,597

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 WORKHOUSE PICTURE COMPANY LTD. (REGISTERED NUMBER: 06790567)

Balance Sheet - continued
31 January 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:




Mrs C E K Piddington - Director



N B Wiley - Director


THE WORKHOUSE PICTURE COMPANY LTD. (REGISTERED NUMBER: 06790567)

Notes to the Financial Statements
for the Year Ended 31 January 2023


1. STATUTORY INFORMATION

The Workhouse Picture Company 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on reducing balance

Taxation
Taxation 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 taxation 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 balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 8 ) .

THE WORKHOUSE PICTURE COMPANY LTD. (REGISTERED NUMBER: 06790567)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 February 2022 568,078 - 568,078
Additions 415,593 23,195 438,788
At 31 January 2023 983,671 23,195 1,006,866
DEPRECIATION
At 1 February 2022 351,109 - 351,109
Charge for year 158,141 5,799 163,940
At 31 January 2023 509,250 5,799 515,049
NET BOOK VALUE
At 31 January 2023 474,421 17,396 491,817
At 31 January 2022 216,969 - 216,969

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 677,611 686,752
Other debtors 75,774 53,369
753,385 740,121

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 117,908 44,553
Trade creditors 101,903 90,772
Taxation and social security 130,776 193,922
Other creditors 58,737 52,137
409,324 381,384

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 253,784 44,210

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 92,997 40,677

THE WORKHOUSE PICTURE COMPANY LTD. (REGISTERED NUMBER: 06790567)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2022 40,677
Charge to Income Statement during year 52,320
Balance at 31 January 2023 92,997

THE WORKHOUSE PICTURE COMPANY LTD.

Report of the Accountants to the Directors of
The Workhouse Picture Company Ltd.


The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Russell & Co
Station House
Station Approach
East Horsley
Leatherhead
Surrey
KT24 6QX


Date: .............................................