Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-3122true2022-04-01No description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12508734 2022-04-01 2023-03-31 12508734 2021-04-01 2022-03-31 12508734 2023-03-31 12508734 2022-03-31 12508734 c:Director2 2022-04-01 2023-03-31 12508734 d:OfficeEquipment 2022-04-01 2023-03-31 12508734 d:OfficeEquipment 2023-03-31 12508734 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 12508734 d:CurrentFinancialInstruments 2023-03-31 12508734 d:CurrentFinancialInstruments 2022-03-31 12508734 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12508734 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12508734 d:ShareCapital 2023-03-31 12508734 d:ShareCapital 2022-03-31 12508734 d:RetainedEarningsAccumulatedLosses 2023-03-31 12508734 d:RetainedEarningsAccumulatedLosses 2022-03-31 12508734 c:FRS102 2022-04-01 2023-03-31 12508734 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12508734 c:FullAccounts 2022-04-01 2023-03-31 12508734 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 12508734









WORKABLE OFFICES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
WORKABLE OFFICES LIMITED
REGISTERED NUMBER: 12508734

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
3,228
-

  
3,228
-

Current assets
  

Debtors: amounts falling due within one year
 5 
-
38,117

Cash at bank and in hand
  
180,104
109,312

  
180,104
147,429

Creditors: amounts falling due within one year
 6 
(59,848)
(144,210)

Net current assets
  
 
 
120,256
 
 
3,219

Total assets less current liabilities
  
123,484
3,219

  

Net assets
  
123,484
3,219


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
123,384
3,119

  
123,484
3,219


Page 1

 
WORKABLE OFFICES LIMITED
REGISTERED NUMBER: 12508734
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

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 on 20 November 2023.

O A Shields
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
WORKABLE OFFICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Workable Offices Limited is a private company limited by shares and registered in England & Wales. The address of the registered office is Flat 7 Heathwood Court, 5 Middleton Road, London NW11 7NR and its principal place of business is at 56 Winchester Avenue, London, NW6 7UA.

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

Revenue

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 and rebates. The following criteria must also be met before revenue is recognised:
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
 - the amount of revenue can be measured reliably;
 - it is probable that the company will receive the consideration due under the contract;
 - the stage of completion of the contract at the end of the reporting period can be measured reliably;                   and the costs incurred and the costs to complete the contract can be measured reliably.
The company receives fees and commission for securing tenants for office space and the income is recognised in accordance with the applicable client contracts. 

 
2.3

Taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the United Kingdom.

 
2.4

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.

Page 3

 
WORKABLE OFFICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Office equipment and furniture
-
20%
per annum on the reducing balance

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.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment. 

 
2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 

 
2.7

Creditors

Short term creditors are measured at the transaction price. 

 
2.8

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 and loans from related parties.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
WORKABLE OFFICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Office furniture & equipment

£



Cost or valuation


Additions
3,438



At 31 March 2023

3,438



Depreciation


Charge for the year on owned assets
210



At 31 March 2023

210



Net book value



At 31 March 2023
3,228


5.


Debtors

2023
2022
£
£


Trade debtors
-
37,211

Other debtors
-
400

Prepayments and accrued income
-
506

-
38,117


Page 5

 
WORKABLE OFFICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
330

Corporation tax
46,835
5,423

Other taxation and social security
5,409
13,910

Other creditors
4,460
21,800

Accruals and deferred income
3,144
102,747

59,848
144,210



7.


Transactions with directors

During the year, the company repaid a loan made by G.M.Collins (a director and shareholder) so that at the year end date the amount owed was £nil (2022 : £18,200). The loan was interest free.

 
Page 6