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REGISTERED NUMBER: 11124342 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Structure Works International Limited

Structure Works International Limited (Registered number: 11124342)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Structure Works International Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J Muncey
D Verity





REGISTERED OFFICE: Vantage Point 23 Mark Road
Hemel Hempstead Industrial Estate
Hemel Hempstead
Hertfordshire
HP2 7DN





REGISTERED NUMBER: 11124342 (England and Wales)





ACCOUNTANTS: Veracity Accountants Limited
Dorney House
46-48a High Street
Burnham
Berkshire
SL1 7JP

Structure Works International Limited (Registered number: 11124342)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,781,434 2,004,118
Tangible assets 5 737 982
1,782,171 2,005,100

CURRENT ASSETS
Debtors 6 1,457,972 1,228,755
Cash at bank 197,706 39,940
1,655,678 1,268,695
CREDITORS
Amounts falling due within one year 7 1,219,848 880,175
NET CURRENT ASSETS 435,830 388,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,218,001

2,393,620

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 2,108,528 2,108,528
Retained earnings 109,373 284,992
SHAREHOLDERS' FUNDS 2,218,001 2,393,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2024 and were signed on its behalf by:



J Muncey - Director


Structure Works International Limited (Registered number: 11124342)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Structure Works International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount relating to a substantial change in the ownership using purchase accounting as the reporting basis. Goodwill is being amortised evenly over its estimated useful life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 16 ) .

Structure Works International Limited (Registered number: 11124342)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 2,390,466
AMORTISATION
At 1 January 2023 386,348
Charge for year 222,684
At 31 December 2023 609,032
NET BOOK VALUE
At 31 December 2023 1,781,434
At 31 December 2022 2,004,118

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 1,746
DEPRECIATION
At 1 January 2023 764
Charge for year 245
At 31 December 2023 1,009
NET BOOK VALUE
At 31 December 2023 737
At 31 December 2022 982

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,012,909 898,661
Other debtors 445,063 330,094
1,457,972 1,228,755

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 364,326 260,128
Taxation and social security 161,253 106,213
Other creditors 694,269 513,834
1,219,848 880,175

Structure Works International Limited (Registered number: 11124342)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. ULTIMATE CONTROLLING PARTY

The company is under the control of Structure Works Global Inc. incorporated in the United States. Structure Works Global Inc. own 100 % of the company's share capital.