Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseProvision of online HR services44truefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11542509 2023-01-01 2023-12-31 11542509 2022-01-01 2022-12-31 11542509 2023-12-31 11542509 2022-12-31 11542509 c:Director1 2023-01-01 2023-12-31 11542509 c:Director2 2023-01-01 2023-12-31 11542509 c:Director3 2023-01-01 2023-12-31 11542509 c:Director4 2023-01-01 2023-12-31 11542509 c:RegisteredOffice 2023-01-01 2023-12-31 11542509 d:OfficeEquipment 2023-01-01 2023-12-31 11542509 d:OfficeEquipment 2023-12-31 11542509 d:OfficeEquipment 2022-12-31 11542509 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11542509 d:CurrentFinancialInstruments 2023-12-31 11542509 d:CurrentFinancialInstruments 2022-12-31 11542509 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11542509 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11542509 d:ShareCapital 2023-12-31 11542509 d:ShareCapital 2022-12-31 11542509 d:RetainedEarningsAccumulatedLosses 2023-12-31 11542509 d:RetainedEarningsAccumulatedLosses 2022-12-31 11542509 c:OrdinaryShareClass1 2023-01-01 2023-12-31 11542509 c:OrdinaryShareClass1 2023-12-31 11542509 c:OrdinaryShareClass1 2022-12-31 11542509 c:FRS102 2023-01-01 2023-12-31 11542509 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11542509 c:FullAccounts 2023-01-01 2023-12-31 11542509 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11542509










WORKSMARTER LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
WORKSMARTER LIMITED
 
 
COMPANY INFORMATION


Directors
L M Burton 
D H Chapman 
T M O'Hara 
J Webb-Heller 




Registered number
11542509



Registered office
74 The Close

Norwich

Norfolk

NR1 4DR




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
WORKSMARTER LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 8


 
WORKSMARTER LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WORKSMARTER LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Worksmarter Limited for the year ended 31 December 2023 which comprise 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 Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Worksmarter Limited, as a body, in accordance with the terms of our engagement letter dated 25 February 2022Our work has been undertaken solely to prepare for your approval the financial statements of Worksmarter Limited  and state those matters that we have agreed to state to the Board of directors of Worksmarter Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Worksmarter Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Worksmarter Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Worksmarter Limited. You consider that Worksmarter Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Worksmarter Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ

16 February 2024
Page 1

 
WORKSMARTER LIMITED
REGISTERED NUMBER: 11542509

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
  
3,507
-

Current assets
  

Debtors: amounts falling due within one year
 5 
13,185
3,856

Bank and cash balances
  
34,627
14,967

  
47,812
18,823

Creditors: amounts falling due within one year
 6 
(20,552)
(50,958)

Net current assets/(liabilities)
  
 
 
27,260
 
 
(32,135)

Provisions for liabilities
  

Deferred tax
  
(511)
-

Net assets/(liabilities)
  
30,256
(32,135)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
30,156
(32,235)

  
30,256
(32,135)


Page 2

 
WORKSMARTER LIMITED
REGISTERED NUMBER: 11542509
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 profit and loss account 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 16 February 2024.




L M Burton
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
WORKSMARTER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

WorkSmarter Limited is a private company, limited by shares, incorporated and domiciled in England and Wales. The address of its registered office is 74 The Close, Norwich, Norfolk, NR1 4DR.

The Company's principal activity is that of the provision of HR software.

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

Turnover

Turnover represents income from subscriptions for the Company's WorkSmarter HR software and is recognised on an accruals basis, exclusive of Value Added Tax, in accordance with the period covered by the subscription.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
WORKSMARTER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

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.

Page 5

 
WORKSMARTER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.9

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, loans from banks and other third parties and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

Page 6

 
WORKSMARTER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
3,582



At 31 December 2023

3,582



Depreciation


Charge for the year on owned assets
75



At 31 December 2023

75



Net book value



At 31 December 2023
3,507



At 31 December 2022
-


5.


Debtors

2023
2022
£
£


Trade debtors
11,212
2,718

Prepayments and accrued income
1,973
1,138

13,185
3,856



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
737
631

Other taxation and social security
18,402
3,160

Other creditors
-
46,504

Accruals and deferred income
1,413
663

20,552
50,958


Page 7

 
WORKSMARTER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


8.


Related party transactions

As at 31 December 2023, the Company owed £Nil (2022 - £40,468) to the directors.

 
Page 8