Work Management Solutions UK Limited
Registered number: 07864815
Statement of Financial Position
as at 31 December 2023
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 2 to 3 form part of these financial statements.
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Work Management Solutions UK Limited
Notes to the Financial Statements
for the year ended 31 December 2023
Work Management Solutions UK Limited is a private company limited by share capital incorporated in England, number 07864815. The address of the registered office is 3 Stockport Exchange, Stockport, SK1 3GG.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The directors have assessed the company’s financial position and their future plans for the company. The directors do not intend to commence trading in the UK and the company is effectively dormant. As a result, the directors have decided to undertake a members’ voluntary liquidation within the next 12 months.
As it is the intention for the business to cease operating within 12 months of signing these financial statements, the accounts are not being prepared on a going concern basis
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The Company has no employees other than the directors, who did not receive any remuneration (2022 -£NIL).
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Work Management Solutions UK Limited
Notes to the Financial Statements
for the year ended 31 December 2023
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Allotted, called up and fully paid
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1 (2022 -1) Ordinary share of £1.00
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The parent of the smallest group for which consolidated financial statements are drawn up of which the company is a member is Meridian Services Group, LLC. 1021 Parkside Commons, Suite 103, Greensboro, GA 30642.
The auditors' report on the financial statements for the year ended 31 December 2023 was unqualified.
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In their report, the auditors emphasised the following matter without qualifying their report:
We draw attention to note 2.2 in the financial statements, which indicates that the directors intend to invoke a members’ voluntary liquidation within the next 12 months.
The directors have therefore decided that it is not appropriate to prepare the accounts on a going concern basis.
In auditing the financial statements, we have concluded that the directors’ decision to not prepare the financial statements on a going concern basis is appropriate. Our evaluation of the directors’ assessment of the company’s ability to not continue to adopt the going concern basis of accounting included discussions with management and understanding their intentions.
Our opinion is therefore not modified in respect of this matter.
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The audit report was signed on 2 September 2024 by Chris Stewardson (Senior Statutory Auditor) on behalf of Hurst Accountants Limited.
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