Company No:
Contents
DIRECTORS | Mrs R J Exton |
Professor P J Totterdill |
REGISTERED OFFICE | Centenary House Peninsula Park |
Rydon Lane | |
Exeter | |
EX2 7XE | |
United Kingdom |
COMPANY NUMBER | 06825373 (England and Wales) |
CHARTERED ACCOUNTANTS | Francis Clark LLP |
Centenary House | |
Peninsula Park | |
Rydon Lane | |
Exeter | |
Devon EX2 7XE |
30.09.2023 | 30.09.2022 | |||
£ | £ | |||
Current assets | ||||
Debtors | 3 |
|
|
|
Cash at bank and in hand |
|
|
||
212 | 56,632 | |||
Creditors: amounts falling due within one year | 4 |
|
(
|
|
Net current assets/(liabilities) | 212 | (7,201) | ||
Total assets less current liabilities | 212 | (7,201) | ||
Net assets/(liabilities) |
|
(
|
||
Reserves | ||||
Profit and loss account |
|
(
|
||
Total reserves |
|
(
|
Directors' responsibilities:
The financial statements of Workplace Innovation Limited (registered number:
Mrs R J Exton
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.
Workplace Innovation Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is:-
Centenary House
Peninsula Park
Rydon Lane
Exeter
EX2 7XE
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.
During the year, the company ceased trading. As required by UK accounting standards, the directors have prepared the financial statements on the basis that the company is no longer a going concern. No material adjustments arose as a result of ceasing to apply the going concern basis.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.
Year ended 30.09.2023 |
Period from 01.04.2021 to 30.09.2022 |
||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
|
|
30.09.2023 | 30.09.2022 | ||
£ | £ | ||
Other debtors |
|
|
30.09.2023 | 30.09.2022 | ||
£ | £ | ||
Amounts owed to directors |
|
|
|
Accruals |
|
|
|
Other creditors |
|
|
|
|
|
Other related party transactions
30.09.2023 | 30.09.2022 | ||
£ | £ | ||
Work Research (business owned by the director of the company) | 0 | 49,700 |
During the current and previous year, a loan account existed between the company and Work Research. The loan was cleared in the year.
Parent Company:
|
The Rubicon Centre Cork Institute of Technology Bishopstown Cork T12 Y275 |