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Company Registration No. 12021226 (England and Wales)
Wardworks Ltd Unaudited accounts for the year ended 31 March 2024
Wardworks Ltd Unaudited accounts Contents
Page
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Wardworks Ltd Company Information for the year ended 31 March 2024
Director
Scott Ward
Company Number
12021226 (England and Wales)
Registered Office
Unit 16 Greenhill Mills Grange Road Batley WF17 6LH
Accountants
Sleek Accounting Ltd 107 Kirkgate Leeds West Yorkshire LS1 6DP
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Wardworks Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,259 
3,161 
Current assets
Debtors
23,944 
21,548 
Cash at bank and in hand
19,832 
30,865 
43,776 
52,413 
Creditors: amounts falling due within one year
(32,486)
(30,836)
Net current assets
11,290 
21,577 
Total assets less current liabilities
13,549 
24,738 
Creditors: amounts falling due after more than one year
(13,079)
(24,096)
Provisions for liabilities
Deferred tax
(428)
(600)
Net assets
42 
42 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
41 
41 
Shareholders' funds
42 
42 
For the year 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 April 2024 and were signed on its behalf by
Scott Ward Director Company Registration No. 12021226
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Wardworks Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Wardworks Ltd is a private company, limited by shares, registered in England and Wales, registration number 12021226. The registered office is Unit 16 Greenhill Mills, Grange Road, Batley, WF17 6LH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% reducing balance
Computer equipment
25% straight line
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Wardworks Ltd Notes to the Accounts for the year ended 31 March 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
2,194 
8,500 
548 
11,242 
At 31 March 2024
2,194 
8,500 
548 
11,242 
Depreciation
At 1 April 2023
1,993 
5,597 
491 
8,081 
Charge for the year
181 
664 
57 
902 
At 31 March 2024
2,174 
6,261 
548 
8,983 
Net book value
At 31 March 2024
20 
2,239 
- 
2,259 
At 31 March 2023
201 
2,903 
57 
3,161 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,283 
914 
Accrued income and prepayments
304 
- 
Other debtors
19,357 
20,634 
23,944 
21,548 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,191 
9,618 
VAT
5,498 
4,163 
Obligations under finance leases and hire purchase contracts
425 
1,700 
Trade creditors
6,603 
7,995 
Taxes and social security
9,769 
7,360 
32,486 
30,836 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,079 
23,671 
Obligations under finance leases and hire purchase contracts
- 
425 
13,079 
24,096 
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Wardworks Ltd Notes to the Accounts for the year ended 31 March 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Scott Ward
Overdrawn Directors Loan Account
20,635 
- 
8,240 
12,395 
20,635 
- 
8,240 
12,395 
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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