UNITY WORKPLACE IT LTD

Company Registration Number:
10344513 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

UNITY WORKPLACE IT LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

UNITY WORKPLACE IT LTD

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 412,636 346,011
Cost of sales: ( 184,571 ) ( 200,048 )
Gross profit(or loss): 228,065 145,963
Administrative expenses: ( 207,660 ) ( 132,297 )
Operating profit(or loss): 20,405 13,666
Interest payable and similar charges: ( 10,966 ) ( 3,973 )
Profit(or loss) before tax: 9,439 9,693
Tax: 5,624 4,849
Profit(or loss) for the financial year: 15,063 14,542

UNITY WORKPLACE IT LTD

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 120,515 84,993
Tangible assets: 4 17,068 354
Investments: 5 515,852 515,852
Total fixed assets: 653,435 601,199
Current assets
Stocks: 6 11,819 22,765
Debtors: 7 41,540 37,880
Cash at bank and in hand: 0 50,538
Total current assets: 53,359 111,183
Creditors: amounts falling due within one year: 8 ( 132,916 ) ( 72,121 )
Net current assets (liabilities): (79,557) 39,062
Total assets less current liabilities: 573,878 640,261
Creditors: amounts falling due after more than one year: 9 ( 147,199 ) ( 182,521 )
Total net assets (liabilities): 426,679 457,740
Capital and reserves
Called up share capital: 50,000 50,000
Other reserves: 268,972 315,096
Profit and loss account: 107,707 92,644
Total Shareholders' funds: 426,679 457,740

The notes form part of these financial statements

UNITY WORKPLACE IT LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 5 April 2024
and signed on behalf of the board by:

Name: Simon Scotchbrook
Status: Director

The notes form part of these financial statements

UNITY WORKPLACE IT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Freehold buildings - over 50 yearsLeasehold land and buildings - over the lease termPlant and machinery - over 3 yearsFixtures, fittings, tools and equipment - over 3 years

    Intangible fixed assets amortisation policy

    Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. All intangible assets are considered to have a finite useful life, if a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.Amortisation of the company's intangible assets is to be incurred so as to write off the cost, less any estimated residual value over their useful life.

    Other accounting policies

    Research and DevelopmentIntangible assets included within the accounts represent costs that have been generated through Research and Development activities which have reached the development phase of a project,and only if the asset can demonstrate that it will generate probable future economic benefits for the company. The capitalised development costs will be subsequently amortised on a straight-line basis over the projects deemed economic life.

UNITY WORKPLACE IT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 5

UNITY WORKPLACE IT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 84,993 84,993
Additions 46,581 46,581
Disposals
Revaluations
Transfers
At 31 December 2023 131,574 131,574
Amortisation
At 1 January 2023 0 0
Charge for year 11,059 11,059
On disposals
Other adjustments
At 31 December 2023 11,059 11,059
Net book value
At 31 December 2023 120,515 120,515
At 31 December 2022 84,993 84,993

UNITY WORKPLACE IT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 89,571 89,571
Additions 17,000 17,000
Disposals
Revaluations
Transfers
At 31 December 2023 106,571 106,571
Depreciation
At 1 January 2023 89,217 89,217
Charge for year 286 286
On disposals
Other adjustments
At 31 December 2023 89,503 89,503
Net book value
At 31 December 2023 17,068 17,068
At 31 December 2022 354 354

UNITY WORKPLACE IT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Fixed assets investments note

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

UNITY WORKPLACE IT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Stocks

2023 2022
£ £
Stocks 11,819 22,765
Total 11,819 22,765

UNITY WORKPLACE IT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Debtors

2023 2022
£ £
Trade debtors 41,455 36,587
Other debtors 85 1,293
Total 41,540 37,880

UNITY WORKPLACE IT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 41,297 32,757
Trade creditors 77,409 18,731
Taxation and social security 12,273 11,462
Other creditors 1,937 9,171
Total 132,916 72,121

UNITY WORKPLACE IT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

9. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 147,199 182,521
Total 147,199 182,521