IRIS Accounts Production v24.1.9.2 08729032 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087290322023-03-31087290322024-03-31087290322023-04-012024-03-31087290322022-03-31087290322022-04-012023-03-31087290322023-03-3108729032ns15:EnglandWales2023-04-012024-03-3108729032ns14:PoundSterling2023-04-012024-03-3108729032ns10:Director12023-04-012024-03-3108729032ns10:Director22023-04-012024-03-3108729032ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108729032ns10:SmallEntities2023-04-012024-03-3108729032ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108729032ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108729032ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108729032ns10:FullAccounts2023-04-012024-03-3108729032ns10:CompanySecretary12023-04-012024-03-3108729032ns10:RegisteredOffice2023-04-012024-03-3108729032ns5:CurrentFinancialInstruments2024-03-3108729032ns5:CurrentFinancialInstruments2023-03-3108729032ns5:Non-currentFinancialInstruments2024-03-3108729032ns5:Non-currentFinancialInstruments2023-03-3108729032ns5:ShareCapital2024-03-3108729032ns5:ShareCapital2023-03-3108729032ns5:RetainedEarningsAccumulatedLosses2024-03-3108729032ns5:RetainedEarningsAccumulatedLosses2023-03-3108729032ns5:PlantMachinery2023-04-012024-03-3108729032ns5:ComputerEquipment2023-04-012024-03-3108729032ns5:PlantMachinery2023-03-3108729032ns5:ComputerEquipment2023-03-3108729032ns5:PlantMachinery2024-03-3108729032ns5:ComputerEquipment2024-03-3108729032ns5:PlantMachinery2023-03-3108729032ns5:ComputerEquipment2023-03-3108729032ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108729032ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108729032ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3108729032ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3108729032ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3108729032ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3108729032ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108729032ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108729032ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-3108729032ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-03-3108729032ns5:HirePurchaseContracts2024-03-3108729032ns5:HirePurchaseContracts2023-03-3108729032ns5:RetainedEarningsAccumulatedLosses2023-03-3108729032ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 08729032 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE WORKS S E LIMITED

THE WORKS S E LIMITED (REGISTERED NUMBER: 08729032)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE WORKS S E LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: J Batchelor
D Byrne





SECRETARY:





REGISTERED OFFICE: Springhaven
1a Barnfield Close
Hastings
East Sussex
TN34 1TS





REGISTERED NUMBER: 08729032 (England and Wales)





ACCOUNTANTS: In The Cloud Accounting
Springhaven
1a Barnfield Close
Hastings
East Sussex
TN34 1TS

THE WORKS S E LIMITED (REGISTERED NUMBER: 08729032)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 39,396 46,348

CURRENT ASSETS
Debtors 5 81,428 72,185
Cash at bank 11,410 32,110
92,838 104,295
CREDITORS
Amounts falling due within one year 6 (107,348 ) (100,823 )
NET CURRENT (LIABILITIES)/ASSETS (14,510 ) 3,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,886

49,820

CREDITORS
Amounts falling due after more than
one year

7

(24,259

)

(40,644

)

PROVISIONS FOR LIABILITIES 10 - (336 )
NET ASSETS 627 8,840

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 11 625 8,838
SHAREHOLDERS' FUNDS 627 8,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

THE WORKS S E LIMITED (REGISTERED NUMBER: 08729032)

BALANCE SHEET - continued
31 March 2024


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 17 July 2024 and were signed on its behalf by:




J Batchelor - Director



D Byrne - Director


THE WORKS S E LIMITED (REGISTERED NUMBER: 08729032)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

The Works S E Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Computer equipment - 15% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 31 ) .

THE WORKS S E LIMITED (REGISTERED NUMBER: 08729032)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 72,031 1,944 73,975
DEPRECIATION
At 1 April 2023 26,547 1,080 27,627
Charge for year 6,823 129 6,952
At 31 March 2024 33,370 1,209 34,579
NET BOOK VALUE
At 31 March 2024 38,661 735 39,396
At 31 March 2023 45,484 864 46,348

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 61,785 71,997
Other debtors - 150
Directors' current accounts 19,643 -
Tax - 38
81,428 72,185

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 8) 10,000 10,000
Hire purchase contracts (see note 9) 7,628 3,945
Trade creditors 3,383 5,565
Tax 30,498 29,569
Social security and other taxes 3,190 2,731
VAT 32,249 35,508
Other creditors 2,423 1,916
Directors' current accounts - 317
Accrued expenses 17,977 11,272
107,348 100,823

THE WORKS S E LIMITED (REGISTERED NUMBER: 08729032)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 8) 24,259 29,815
Hire purchase contracts (see note 9) - 10,829
24,259 40,644

8. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 20,000 20,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 4,259 9,815

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.24 31.3.23
£    £   
Net obligations repayable:
Within one year 7,628 3,945
Between one and five years - 10,829
7,628 14,774

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Other provisions - 336

THE WORKS S E LIMITED (REGISTERED NUMBER: 08729032)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

11. RESERVES
Retained
earnings
£   

At 1 April 2023 8,838
Profit for the year 91,787
Dividends (100,000 )
At 31 March 2024 625

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £100,000 (2023 - £120,000) were paid to the directors .

13. ULTIMATE CONTROLLING PARTY

The controlling party is not known.