2022-11-01 02831514 2023-10-31 02831514 2022-11-01 2023-10-31 02831514 2022-10-31 02831514 2021-11-01 2022-10-31 02831514 uk-core:WithinOneYear 2022-10-31 02831514 uk-core:WithinOneYear 2023-10-31 02831514 uk-core:ShareCapital 2023-10-31 02831514 uk-core:ShareCapital 2022-10-31 02831514 uk-core:SharePremium 2023-10-31 02831514 uk-core:SharePremium 2022-10-31 02831514 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 02831514 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 02831514 uk-core:OtherMiscellaneousReserve 2023-10-31 02831514 uk-bus:Director1 2022-11-01 2023-10-31 02831514 uk-core:NetGoodwill 2022-11-01 2023-10-31 02831514 uk-core:Buildings 2022-11-01 2023-10-31 02831514 uk-core:ToolsEquipment 2022-11-01 2023-10-31 02831514 uk-core:MotorCars 2022-11-01 2023-10-31 02831514 uk-core:FurnitureFittings 2022-11-01 2023-10-31 02831514 uk-core:Goodwill 2022-10-31 02831514 uk-core:Goodwill 2023-10-31 02831514 uk-core:Goodwill 2022-11-01 2023-10-31 02831514 uk-core:ToolsEquipment 2022-10-31 02831514 uk-core:FurnitureFittings 2022-10-31 02831514 uk-core:Buildings 2022-10-31 02831514 uk-core:Buildings 2023-10-31 02831514 uk-core:FurnitureFittings 2023-10-31 02831514 uk-core:ToolsEquipment 2023-10-31 02831514 uk-core:CostValuation 2022-10-31 02831514 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2022-10-31 02831514 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-10-31 02831514 uk-core:CostValuation 2023-10-31 02831514 uk-core:Non-currentFinancialInstruments 2023-10-31 02831514 uk-core:Non-currentFinancialInstruments 2022-10-31 02831514 uk-core:WithinOneYear 2023-10-31 02831514 uk-core:WithinOneYear 2022-10-31 iso4217:GBP xbrli:pure 02831514 uk-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 02831514 uk-bus:FRS102 2022-11-01 2023-10-31 02831514 uk-bus:FilletedAccounts 2022-11-01 2023-10-31 02831514 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31
The Workshop (Sheffield) Limited
Registered Number:02831514
For the year ended 31 October 2023
England and Wales
Unaudited Financial Statements
2
Registered Number :
02831514
As at 31 October 2023
The Workshop (Sheffield) Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
2,800
5,600
2
Property, plant and equipment
1,914
2,608
3
Financial assets
100
100
4
4,814
8,308
Current assets
Trade and other receivables
8,378
14,174
5
44,580
Cash and cash equivalents
18,102
32,276
52,958
Trade and other payables: amounts falling due within one
year
(3,671)
(3,267)
6
49,287
29,009
Net current assets
Total assets less current liabilities
33,823
57,595
33,823
Net assets
57,595
Capital and reserves
Called up share capital
2,000
2,000
Share premium account
146,073
146,073
Retained earnings
(114,550)
(90,778)
Other reserves
300
300
33,823
57,595
Shareholders' funds
For the year ended 31 October 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mark R Pearce Director
These financial statements were approved and authorised for issue by the Board on 11 July 2024 and were signed by:
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3
Registered Number :
02831514
For the year ended 31 October 2023
The Workshop (Sheffield) Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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4
For the year ended 31 October 2023
The Workshop (Sheffield) Limited
Notes to the Financial Statements
Statutory Information
The Workshop (Sheffield) Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 02831514.
Registered address:
28 Kenwood Park Road
Sheffield
South Yorkshire
S7 1NF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
15% Reducing balance
33% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 31 October 2023
The Workshop (Sheffield) Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 November 2022
28,000
At 31 October 2023
28,000
Amortisation
At 01 November 2022
22,400
2,800
Charge for year
At 31 October 2023
25,200
Net book value
At 31 October 2023
2,800
At 31 October 2022
5,600
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 November 2022
341,627
195,749
138,489
7,389
At 31 October 2023
7,389
138,489
195,749
341,627
Provision for depreciation and impairment
At 01 November 2022
339,019
194,505
137,692
6,822
Charge for year
694
410
199
85
At 31 October 2023
339,713
194,915
137,891
6,907
At 31 October 2023
Net book value
482
598
834
1,914
At 31 October 2022
567
797
1,244
2,608
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For the year ended 31 October 2023
The Workshop (Sheffield) Limited
Notes to the Financial Statements Continued
4. Investments held as fixed assets
Shares in group and participating interests
Total
At 01 November 2022
100
100
Cost
£
£
At 31 October 2023
100
100
At 31 October 2023
Net book value
100
100
At 01 November 2022
100
100
5. Trade and other receivables
2022
2023
£
£
Trade debtors
3,316
431
Other debtors
10,858
7,947
8,378
14,174
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
395
543
Trade creditors
2,373
2,372
Other creditors
499
756
3,267
3,671
7. Average number of persons employed
During the year the average number of employees was 1 (2022 : 4)
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