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REGISTERED NUMBER: 04539820 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

EASYFIT WORKSPACE LIMITED

EASYFIT WORKSPACE LIMITED (REGISTERED NUMBER: 04539820)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EASYFIT WORKSPACE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: D N Pearson





REGISTERED OFFICE: 31 High Street
Haverhill
Suffolk
CB9 8AD





REGISTERED NUMBER: 04539820 (England and Wales)





ACCOUNTANTS: Hackett Griffey LLP
Chartered Certified Accountants
31 High Street
Haverhill
Suffolk
CB9 8AD

EASYFIT WORKSPACE LIMITED (REGISTERED NUMBER: 04539820)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 38,151 12,128
38,151 12,128

CURRENT ASSETS
Stocks 1,956 -
Debtors 6 64,167 251,587
Cash at bank 23,361 147,872
89,484 399,459
CREDITORS
Amounts falling due within one year 7 29,055 269,642
NET CURRENT ASSETS 60,429 129,817
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,580

141,945

PROVISIONS FOR LIABILITIES 10,645 -
NET ASSETS 87,935 141,945

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 87,835 141,845
SHAREHOLDERS' FUNDS 87,935 141,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

EASYFIT WORKSPACE LIMITED (REGISTERED NUMBER: 04539820)

BALANCE SHEET - continued
30 SEPTEMBER 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 director and authorised for issue on 10 November 2023 and were signed by:





D N Pearson - Director


EASYFIT WORKSPACE LIMITED (REGISTERED NUMBER: 04539820)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Easyfit Workspace Limited 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. 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 the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


EASYFIT WORKSPACE LIMITED (REGISTERED NUMBER: 04539820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

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 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 15,000
AMORTISATION
At 1 October 2022
and 30 September 2023 15,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

EASYFIT WORKSPACE LIMITED (REGISTERED NUMBER: 04539820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5. TANGIBLE FIXED ASSETS
Office Motor
equipment vehicles Totals
£    £    £   
COST
At 1 October 2022 2,038 25,700 27,738
Additions - 40,659 40,659
Disposals - (25,700 ) (25,700 )
At 30 September 2023 2,038 40,659 42,697
DEPRECIATION
At 1 October 2022 1,967 13,643 15,610
Charge for year 17 5,072 5,089
Eliminated on disposal - (16,153 ) (16,153 )
At 30 September 2023 1,984 2,562 4,546
NET BOOK VALUE
At 30 September 2023 54 38,097 38,151
At 30 September 2022 71 12,057 12,128

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 34,067 144,671
Directors' loan accounts 29,844 106,499
Prepayments 256 417
64,167 251,587

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 14,852
Trade creditors 8,013 167,437
Taxation 5,614 24,102
Social security and other taxes 2,318 1,052
VAT 11,265 60,119
Other creditors 1,570 1,805
Accrued expenses 275 275
29,055 269,642

EASYFIT WORKSPACE LIMITED (REGISTERED NUMBER: 04539820)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
D N Pearson
Balance outstanding at start of year 106,498 118,294
Amounts advanced 38,215 113,687
Amounts repaid (114,869 ) (125,483 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,844 106,498

Interest of £1,545 at the rate of 2.0% p.a. was charged on the above loan and is included in the balance.