Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mr R A J Angel 17/01/2003 Mr W A M O Jodrell 17/01/2003 04 September 2024 The principal activity of the Company during the financial year was the provision of graduate training and development programmes. 04640069 2023-12-31 04640069 bus:Director1 2023-12-31 04640069 bus:Director2 2023-12-31 04640069 2022-12-31 04640069 core:CurrentFinancialInstruments 2023-12-31 04640069 core:CurrentFinancialInstruments 2022-12-31 04640069 core:ShareCapital 2023-12-31 04640069 core:ShareCapital 2022-12-31 04640069 core:RetainedEarningsAccumulatedLosses 2023-12-31 04640069 core:RetainedEarningsAccumulatedLosses 2022-12-31 04640069 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2022-12-31 04640069 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-12-31 04640069 core:OfficeEquipment 2022-12-31 04640069 core:OfficeEquipment 2023-12-31 04640069 2023-01-01 2023-12-31 04640069 bus:FilletedAccounts 2023-01-01 2023-12-31 04640069 bus:SmallEntities 2023-01-01 2023-12-31 04640069 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04640069 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04640069 bus:Director1 2023-01-01 2023-12-31 04640069 bus:Director2 2023-01-01 2023-12-31 04640069 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2023-01-01 2023-12-31 04640069 core:OfficeEquipment core:TopRangeValue 2023-01-01 2023-12-31 04640069 2022-01-01 2022-12-31 04640069 core:OfficeEquipment 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: 04640069 (England and Wales)

GRADUATE WORKS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

GRADUATE WORKS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

GRADUATE WORKS LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
GRADUATE WORKS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Mr R A J Angel
Mr W A M O Jodrell
SECRETARY Mr R A J Angel
REGISTERED OFFICE 3rd Floor / 81 Southwark Street
London
SE1 0HX
England
United Kingdom
COMPANY NUMBER 04640069 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Hitchcock House
Hilltop Park
Devizes Road
Salisbury
Wiltshire SP3 4UF
GRADUATE WORKS LIMITED

BALANCE SHEET

As at 31 December 2023
GRADUATE WORKS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 862 310
862 310
Current assets
Debtors 5 44,704 98,981
Cash at bank and in hand 91,075 43,373
135,779 142,354
Creditors: amounts falling due within one year 6 ( 176,717) ( 161,758)
Net current liabilities (40,938) (19,404)
Total assets less current liabilities (40,076) (19,094)
Provision for liabilities 0 ( 77)
Net liabilities ( 40,076) ( 19,171)
Capital and reserves
Called-up share capital 2 2
Profit and loss account ( 40,078 ) ( 19,173 )
Total shareholders' deficit ( 40,076) ( 19,171)

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

Directors' responsibilities:

The financial statements of Graduate Works Limited (registered number: 04640069) were approved and authorised for issue by the Board of Directors on 04 September 2024. They were signed on its behalf by:

Mr R A J Angel
Director
GRADUATE WORKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
GRADUATE WORKS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Graduate Works Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3rd Floor / 81 Southwark Street, London, SE1 0HX, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover represents the fair value of services provided under contracts with customers to the extent that there is a
right to consideration. It is measured at the fair value of the consideration due. Where a service is incomplete at the
year end, turnover represents the value of the service provided to that date based on an appropriate proportion of the
total expected consideration at completion. Invoices are not raised until a contract is complete so the value of
incomplete services is included in amounts recoverable on contracts in the balance sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Office equipment 3.33 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Intangible assets

Website costs Total
£ £
Cost
At 01 January 2023 41,679 41,679
At 31 December 2023 41,679 41,679
Accumulated amortisation
At 01 January 2023 41,679 41,679
At 31 December 2023 41,679 41,679
Net book value
At 31 December 2023 0 0
At 31 December 2022 0 0

4. Tangible assets

Office equipment Total
£ £
Cost
At 01 January 2023 16,073 16,073
Additions 978 978
At 31 December 2023 17,051 17,051
Accumulated depreciation
At 01 January 2023 15,763 15,763
Charge for the financial year 426 426
At 31 December 2023 16,189 16,189
Net book value
At 31 December 2023 862 862
At 31 December 2022 310 310

5. Debtors

2023 2022
£ £
Trade debtors 21,037 79,802
Corporation tax 0 4,416
Other debtors 23,667 14,763
44,704 98,981

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 9 0
Other taxation and social security 43,644 31,155
Other creditors 133,064 130,603
176,717 161,758