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REGISTERED NUMBER: 08570195 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Workplace Advice Group Ltd

Workplace Advice Group Ltd (Registered number: 08570195)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Workplace Advice Group Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: S Walwyn
A R Dolman
F W Dixon





REGISTERED OFFICE: Military House
24 Castle Street
Chester
Cheshire
CH1 2DS





REGISTERED NUMBER: 08570195 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Workplace Advice Group Ltd (Registered number: 08570195)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,883 11,509

CURRENT ASSETS
Debtors 5 54,550 69,252
Cash at bank and in hand 93,922 2,070
148,472 71,322
CREDITORS
Amounts falling due within one year 6 23,619 3,397
NET CURRENT ASSETS 124,853 67,925
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,736

79,434

CAPITAL AND RESERVES
Called up share capital 10,299 10,299
Share premium 290,301 290,301
Retained earnings (166,864 ) (221,166 )
SHAREHOLDERS' FUNDS 133,736 79,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Workplace Advice Group Ltd (Registered number: 08570195)

Balance Sheet - continued
31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2023 and were signed on its behalf by:




S Walwyn - Director A R Dolman - Director




F W Dixon - Director


Workplace Advice Group Ltd (Registered number: 08570195)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Workplace Advice Group Ltd 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.

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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Turnover represents the net value of fee income received, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 34,354
DEPRECIATION
At 1 June 2022 22,845
Charge for year 2,626
At 31 May 2023 25,471
NET BOOK VALUE
At 31 May 2023 8,883
At 31 May 2022 11,509

Workplace Advice Group Ltd (Registered number: 08570195)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 54,550 69,252

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Taxation and social security 23,435 3,236
Other creditors 184 161
23,619 3,397

7. RELATED PARTY DISCLOSURES

S Walwyn, A R Dolman and F W Dixon, the directors, provide consultancy services to the company. During the year, the invoiced value of those services totalled £375,164 (2022: £112,867).

Workplace Advice Wealth Management Ltd
The amount owed to the company by Workplace Advice Wealth Management Ltd at 31/05/2023 was £53,482 (2022: £40,909). Workplace Advice Wealth Management Ltd was a trading company in which the directors, S Walwyn, A R Dolman and F W Dixon have a controlling interest.