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REGISTERED NUMBER: 07528491 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

AUTONOMY WORKSPACE LTD

AUTONOMY WORKSPACE LTD (REGISTERED NUMBER: 07528491)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AUTONOMY WORKSPACE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr M D Holness
Mrs R Sandher
Mr R Sandher
Mrs E Holness





REGISTERED OFFICE: 39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB





REGISTERED NUMBER: 07528491 (England and Wales)





ACCOUNTANTS: Meades Group Limited
39 The Metro Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SB

AUTONOMY WORKSPACE LTD (REGISTERED NUMBER: 07528491)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,362 14,540

CURRENT ASSETS
Stocks 12,435 48,285
Debtors 5 581,738 475,408
Cash at bank 13,727 120
607,900 523,813
CREDITORS
Amounts falling due within one
year

6

387,852

377,321
NET CURRENT ASSETS 220,048 146,492
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,410

161,032

CREDITORS
Amounts falling due after more
than one year

7

(208,488

)

(25,833

)

PROVISIONS FOR LIABILITIES (7,765 ) (1,746 )
NET ASSETS 39,157 133,453

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 39,153 133,449
39,157 133,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

AUTONOMY WORKSPACE LTD (REGISTERED NUMBER: 07528491)

BALANCE SHEET - continued
31ST MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th November 2024 and were signed on its behalf by:





Mr M D Holness - Director


AUTONOMY WORKSPACE LTD (REGISTERED NUMBER: 07528491)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Autonomy Workspace Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

AUTONOMY WORKSPACE LTD (REGISTERED NUMBER: 07528491)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2023 23,155 4,559 27,714
Additions 25,566 - 25,566
At 31st March 2024 48,721 4,559 53,280
DEPRECIATION
At 1st April 2023 13,001 173 13,174
Charge for year 4,086 658 4,744
At 31st March 2024 17,087 831 17,918
NET BOOK VALUE
At 31st March 2024 31,634 3,728 35,362
At 31st March 2023 10,154 4,386 14,540

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 21,456 78,219
Directors' current accounts 301,454 301,454
Prepayments and accrued income 160,536 -
483,446 379,673

Amounts falling due after more than one year:
Other debtors 98,292 95,735

Aggregate amounts 581,738 475,408

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 141,688 45,055
Trade creditors 71,210 186,384
Corporation tax 75,865 70,235
PAYE payable 29,118 8,484
VAT 51,946 58,161
Net wages 8,800 -
Company credit card 9,147 8,976
Directors' current accounts 78 26
387,852 377,321

AUTONOMY WORKSPACE LTD (REGISTERED NUMBER: 07528491)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 208,488 25,833

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
Mr M D Holness
Balance outstanding at start of year 147,650 146,374
Amounts advanced 156 1,276
Amounts repaid (104 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 147,702 147,650

Mrs R Sandher
Balance outstanding at start of year 60,111 60,423
Amounts repaid (104 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 60,007 60,111

Mr R Sandher
Balance outstanding at start of year 93,693 87,393
Amounts advanced 130 6,300
Amounts repaid (78 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 93,745 93,693

Mrs E Holness
Balance outstanding at start of year (26 ) -
Amounts advanced 26 -
Amounts repaid (78 ) (26 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (78 ) (26 )

The directors' current account balances have no fixed date for repayment, are repayable on demand and include no interest charge.