Acorah Software Products - Accounts Production 15.0.600 false true false 17 November 2022 31 March 2024 31 March 2024 14490009 Mr Tom Jackson Mr Mark Clack Mrs Melissa Richards Clack Mrs Melissa Richards Clack iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14490009 2022-11-16 14490009 2024-03-31 14490009 2022-11-17 2024-03-31 14490009 frs-core:CurrentFinancialInstruments 2024-03-31 14490009 frs-core:ShareCapital 2024-03-31 14490009 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14490009 frs-bus:PrivateLimitedCompanyLtd 2022-11-17 2024-03-31 14490009 frs-bus:FilletedAccounts 2022-11-17 2024-03-31 14490009 frs-bus:SmallEntities 2022-11-17 2024-03-31 14490009 frs-bus:AuditExempt-NoAccountantsReport 2022-11-17 2024-03-31 14490009 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-17 2024-03-31 14490009 frs-bus:Director1 2022-11-17 2024-03-31 14490009 frs-bus:Director2 2022-11-17 2024-03-31 14490009 frs-bus:Director3 2022-11-17 2024-03-31 14490009 frs-bus:CompanySecretary1 2022-11-17 2024-03-31 14490009 frs-countries:EnglandWales 2022-11-17 2024-03-31
Registered number: 14490009
Works In Public Ltd
Unaudited Financial Statements
For the Period 17 November 2022 to 31 March 2024
Badcock Business Solutions Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14490009
31 March 2024
Notes £ £
CURRENT ASSETS
Stocks 4 4,000
Debtors 5 99,029
Cash at bank and in hand 85,056
188,085
Creditors: Amounts Falling Due Within One Year 6 (112,866 )
NET CURRENT ASSETS (LIABILITIES) 75,219
TOTAL ASSETS LESS CURRENT LIABILITIES 75,219
NET ASSETS 75,219
CAPITAL AND RESERVES
Called up share capital 7 100
Profit and Loss Account 75,119
SHAREHOLDERS' FUNDS 75,219
For the period ending 31 March 2024 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mark Clack
Director
16/08/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Works In Public Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14490009 . The registered office is 4 Prince William Close, Worthing, West Sussex, BN14 0AZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 4
4
4. Stocks
31 March 2024
£
Stock 4,000
5. Debtors
31 March 2024
£
Due within one year
Trade debtors 47,799
Wood Street Walls Loan 51,230
99,029
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Bank loans and overdrafts 6
Corporation tax 24,084
VAT 16,810
Accruals and deferred income 71,640
Directors' loan accounts 326
112,866
7. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 100
Page 3