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REGISTERED NUMBER: 05291580 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Folder Workshop Ltd

Folder Workshop Ltd (Registered number: 05291580)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Folder Workshop Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S P Knight
E Knight





SECRETARY: S P Knight





REGISTERED OFFICE: 238 Station Road
Addlestone
Surrey
KT15 2PS





REGISTERED NUMBER: 05291580 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS

Folder Workshop Ltd (Registered number: 05291580)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 8,230 8,861

CURRENT ASSETS
Inventories 10,855 13,035
Debtors 5 23,319 23,827
Cash at bank and in hand 164,172 174,933
198,346 211,795
CREDITORS
Amounts falling due within one year 6 (66,567 ) (62,261 )
NET CURRENT ASSETS 131,779 149,534
TOTAL ASSETS LESS CURRENT LIABILITIES 140,009 158,395

PROVISIONS FOR LIABILITIES (2,057 ) (1,683 )
NET ASSETS 137,952 156,712

CAPITAL AND RESERVES
Called up share capital 500 500
Capital redemption reserve 500 500
Retained earnings 136,952 155,712
SHAREHOLDERS' FUNDS 137,952 156,712

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Folder Workshop Ltd (Registered number: 05291580)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:





S P Knight - Director


Folder Workshop Ltd (Registered number: 05291580)

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


1. STATUTORY INFORMATION

Folder Workshop 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue
Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

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 - 15% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Folder Workshop Ltd (Registered number: 05291580)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Office
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 25,063 1,782 26,845
Additions - 806 806
At 31 December 2023 25,063 2,588 27,651
DEPRECIATION
At 1 January 2023 16,722 1,262 17,984
Charge for year 1,251 186 1,437
At 31 December 2023 17,973 1,448 19,421
NET BOOK VALUE
At 31 December 2023 7,090 1,140 8,230
At 31 December 2022 8,341 520 8,861

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 16,055 16,590
Other debtors 6,500 6,500
Prepayments 764 737
23,319 23,827

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 3,244 168
Tax - 2,064
Social security and other taxes 214 78
VAT 4,905 6,820
Other creditors 230 227
Directors' current accounts 56,034 50,964
Accruals and deferred income 1,940 1,940
66,567 62,261