Registered number
04644795
Workforce Development Consultancy Limited
Report and Accounts
31 July 2023
Workforce Development Consultancy Limited
Report to the director on the preparation of the unaudited statutory accounts of Workforce Development Consultancy Limited for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Workforce Development Consultancy Limited for the year ended 31 July 2023 which comprise of the Profit and Loss Account, the Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
27 October 2023
Workforce Development Consultancy Limited
Registered number: 04644795
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 174 347
Current assets
Cash at bank and in hand 2,518 1,724
Creditors: amounts falling due within one year 4 (12,577) (12,722)
Net current liabilities (10,059) (10,998)
Total assets less current liabilities (9,885) (10,651)
Creditors: amounts falling due after more than one year 5 (1,950) (2,850)
Net liabilities (11,835) (13,501)
Capital and reserves
Called up share capital 100 100
Profit and loss account (11,935) (13,601)
Shareholder's funds (11,835) (13,501)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J C S Lymn
Director
Approved by the board on 27 October 2023
Workforce Development Consultancy Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax and discounts, of work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, 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:
Office equipment 25% straight line
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 4,359
At 31 July 2023 4,359
Depreciation
At 1 August 2022 4,012
Charge for the year 173
At 31 July 2023 4,185
Net book value
At 31 July 2023 174
At 31 July 2022 347
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 900 900
Other taxes and social security costs (428) (428)
Other creditors 12,105 12,250
12,577 12,722
5 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 1,950 2,850
6 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 2,850 3,750
The bank loan is guaranteed by the government to a maximum level of £3,600 being 80% of the principal loan sum.
7 Other information
Workforce Development Consultancy Limited is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
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