1 January 2023 false No description of principal activity Taxfiler 2024.5 13057575business:PrivateLimitedCompanyLtd2023-01-012023-12-31 130575752022-12-31 130575752023-01-012023-12-31 13057575business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 13057575business:FilletedAccounts2023-01-012023-12-31 130575752023-12-31 13057575business:Director12023-01-012023-12-31 13057575business:RegisteredOffice2023-01-012023-12-31 130575752022-12-31 13057575core:WithinOneYear2023-12-31 13057575core:WithinOneYear2022-12-31 13057575core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 13057575core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 13057575core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 13057575core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 13057575core:PreviouslyStatedAmount2023-12-31 13057575core:PreviouslyStatedAmount2022-12-31 13057575business:SmallEntities2023-01-012023-12-31 13057575countries:EnglandWales2023-01-012023-12-31 13057575core:ComputerEquipment2023-01-012023-12-31 13057575core:PlantMachinery2022-12-31 13057575core:PlantMachinery2023-12-31 13057575core:PlantMachinery2023-01-012023-12-31 13057575core:AfterOneYear2023-12-31 13057575core:AfterOneYear2022-12-31 130575752022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 13057575 (England and Wales)
Productworx Ltd Unaudited accounts for the year ended 31 December 2023
Productworx Ltd Unaudited accounts Contents
Page
- 2 -
Productworx Ltd Company Information for the year ended 31 December 2023
Director
C Lucas
Company Number
13057575 (England and Wales)
Registered Office
Congress House Lyon Road Harrow Middlesex HA1 2EN United Kingdom
Accountants
Evolve Accounting and Tax Solutions Ltd Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
- 3 -
Productworx Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,478 
2,380 
Current assets
Debtors
229,009 
106,451 
Cash at bank and in hand
170,504 
56,004 
399,513 
162,455 
Creditors: amounts falling due within one year
(106,195)
(47,202)
Net current assets
293,318 
115,253 
Net assets
294,796 
117,633 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
294,696 
117,533 
Shareholders' funds
294,796 
117,633 
For the 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. 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 10 September 2024 and were signed on its behalf by
C Lucas Director Company Registration No. 13057575
- 4 -
Productworx Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Productworx Ltd is a private company, limited by shares, registered in England and Wales, registration number 13057575. The registered office is Congress House, Lyon Road, Harrow, Middlesex, HA1 2EN, 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 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.
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:
Computer equipment
3 years Straight Line Method
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
3,607 
At 31 December 2023
3,607 
Depreciation
At 1 January 2023
1,227 
Charge for the year
902 
At 31 December 2023
2,129 
Net book value
At 31 December 2023
1,478 
At 31 December 2022
2,380 
- 5 -
Productworx Ltd Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
106,451 
Other debtors
2,217 
- 
2,217 
106,451 
Amounts falling due after more than one year
Other debtors
226,792 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
100,024 
40,142 
Other creditors
48 
18 
Loans from directors
- 
2,919 
Accruals
6,123 
4,123 
106,195 
47,202 
7
Average number of employees
During the year the average number of employees was 3 (2022: 2).
- 6 -