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Company Registration No. 14572794 (England and Wales)
The Workplace Collective Limited Unaudited accounts for the period from 5 January 2023 to 31 January 2024
The Workplace Collective Limited Unaudited accounts Contents
Page
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The Workplace Collective Limited Company Information for the period from 5 January 2023 to 31 January 2024
Directors
April-Joy Serrant Kerry Joan Slater
Company Number
14572794 (England and Wales)
Registered Office
2 Infirmary Street Leeds West Yorkshire LS1 2JP United Kingdom
Accountants
True North Accountancy Ltd 19 Forest Crescent Illingworth Halifax West Yorkshire HX2 8DS
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The Workplace Collective Limited Statement of financial position as at 31 January 2024
2024 
Notes
£ 
Current assets
Debtors
2,691 
Cash at bank and in hand
3,155 
5,846 
Creditors: amounts falling due within one year
(9,885)
Net current liabilities
(4,039)
Net liabilities
(4,039)
Capital and reserves
Called up share capital
200 
Profit and loss account
(4,239)
Shareholders' funds
(4,039)
For the period ending 31 January 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 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 of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by
Kerry Joan Slater Director Company Registration No. 14572794
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The Workplace Collective Limited Notes to the Accounts for the period from 5 January 2023 to 31 January 2024
1
Statutory information
The Workplace Collective Limited is a private company, limited by shares, registered in England and Wales, registration number 14572794. The registered office is 2 Infirmary Street, Leeds, West Yorkshire, LS1 2JP, United Kingdom.
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 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. 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 year 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.
Going concern
The company is insolvent due to the losses made to date. The directors are confident that with their continued support, the company will make profits in the near future and return to a solvent position
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The Workplace Collective Limited Notes to the Accounts for the period from 5 January 2023 to 31 January 2024
4
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
2,445 
Accrued income and prepayments
246 
2,691 
5
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
1,465 
Taxes and social security
492 
Other creditors
5,423 
Loans from directors
1,805 
Accruals
700 
9,885 
6
Share capital
2024 
£ 
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200 
7
Transactions with related parties
Included in Other Creditors is an amount of £5,423.00. This is owed to Fullness Limited, a company incorporated in the UK who is a shareholder in the company.
8
Average number of employees
During the period the average number of employees was 2.
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