Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-06-01falseNo description of principal activity11falsetrue 10190490 2022-06-01 2023-05-31 10190490 2021-06-01 2022-05-31 10190490 2023-05-31 10190490 2022-05-31 10190490 c:Director1 2022-06-01 2023-05-31 10190490 d:OfficeEquipment 2022-06-01 2023-05-31 10190490 d:OfficeEquipment 2023-05-31 10190490 d:OfficeEquipment 2022-05-31 10190490 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 10190490 d:CurrentFinancialInstruments 2023-05-31 10190490 d:CurrentFinancialInstruments 2022-05-31 10190490 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 10190490 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 10190490 d:ShareCapital 2023-05-31 10190490 d:ShareCapital 2022-05-31 10190490 d:RetainedEarningsAccumulatedLosses 2023-05-31 10190490 d:RetainedEarningsAccumulatedLosses 2022-05-31 10190490 c:OrdinaryShareClass1 2022-06-01 2023-05-31 10190490 c:OrdinaryShareClass1 2023-05-31 10190490 c:OrdinaryShareClass1 2022-05-31 10190490 c:FRS102 2022-06-01 2023-05-31 10190490 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 10190490 c:FullAccounts 2022-06-01 2023-05-31 10190490 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10190490










WORKTEAM LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
WORKTEAM LIMITED
REGISTERED NUMBER: 10190490

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
2,643
3,256

  
2,643
3,256

Current assets
  

Debtors: amounts falling due within one year
 5 
203
130

Cash at bank and in hand
 6 
121,998
96,550

  
122,201
96,680

Creditors: amounts falling due within one year
 7 
(13,427)
(9,171)

Net current assets
  
 
 
108,774
 
 
87,509

Total assets less current liabilities
  
111,417
90,765

  

Net assets
  
111,417
90,765


Capital and reserves
  

Called up share capital 
 8 
2
2

Profit and loss account
  
111,415
90,763

  
111,417
90,765


Page 1

 
WORKTEAM LIMITED
REGISTERED NUMBER: 10190490
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2023

The director considers 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 director acknowledges his 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 7 February 2024.



S Bates
Director

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

Page 2

 
WORKTEAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Workteam Limited is a company domiciled in England and Wales, registration number 10190490.  The registered office is The Dairy, Manor Courtyard, Aston Sandford, Bucks, HP17 8JB.

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.

 
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, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

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.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 countries where the Company operates and generates income.

 
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

 
WORKTEAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 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
-
25%
Straight line

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. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
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 1 (2022 - 1).

Page 4

 
WORKTEAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 June 2022
7,697


Additions
615



At 31 May 2023

8,312



Depreciation


At 1 June 2022
4,441


Charge for the year on owned assets
1,228



At 31 May 2023

5,669



Net book value



At 31 May 2023
2,643



At 31 May 2022
3,256


5.


Debtors

2023
2022
£
£


Other debtors
203
130

203
130



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
121,998
96,549

121,998
96,549


Page 5

 
WORKTEAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
10,180
5,922

Other creditors
1,497
1,499

Accruals and deferred income
1,750
1,750

13,427
9,171



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2


 
Page 6