Worker X Limited


FINANCIAL STATEMENTS


for the year ended 30th April 2024



Worker X Limited

CONTENTS

for the year ended 30th April 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Worker X Limited

Company No. 10712067

STATEMENT OF FINANCIAL POSITION

as at 30th April 2024

20242023
Note£££
FIXED ASSETS
Intangible assets4127666127666
Property, plant and equipment5439351457291
567017584957
CURRENT ASSETS
Debtors6220220320404
Cash at bank and in hand262558355118
482778675522
CURRENT LIABILITIES
Creditors: amounts falling due
within one year7364850480332
NET CURRENT ASSETS117928195190
TOTAL ASSETS LESS CURRENT LIABILITIES684945780147
 
Creditors: amounts falling due
after more than one year82700032000
 
NET ASSETS657945748147
 
CAPITAL AND RESERVES
Called up share capital25106542510654
Retained earnings(1852709)(1762507)
SHAREHOLDERS FUNDS657945748147

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th April 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 30 January 2025


Harris C E

Director

Company Number 10712067 (England)

Worker X Limited

NOTES TO THE ACCOUNTS

for the year ended 30th April 2024


1   Statutory information

Worker X Limited is a private company limited by shares and registered under company number 10712067 in England. Its registered office address is 3rd Floor 6-8 Bonhill Street Bonhill Street, London, England, EC2A 4BX.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles15% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Pensions

The Company operates a defined contribution pension scheme. Contributions are charged to the Income Statement as they become payable in accordance with the rules of the scheme.

3   Employee information

The average number of employees during the accounting period was 5 (2023 - 5).

4   Intangible assets
£
Propriatary Software Development Costs
 
Cost
At 1st May 2023 and
At 30th April 2024127666
 
Amortisation
At 1st May 2023 and
At 30th April 2024-
 
Net Book Value
At 30th April 2024127666
At 30th April 2023127666

Intangible Fixed Assets are being written off in equal annual instalments over each asset's estimated economic life.


5   Property, plant and equipment
 
Fixtures
and
FittingsTotal
££
Cost
At 1st May 2023 665179665179
Additions5959359593
At 30th April 2024724772724772
 
Depreciation
At 1st May 2023 207888207888
Charge for year7753377533
At 30th April 2024285421285421
 
Net Book Value
At 30th April 2024439351439351
At 30th April 2023457291457291
 
Net book value of assets included above held
 under finance leases and hire purchase contracts
 
At 30th April 202450875087
At 30th April 2023--

6   Debtors20242023
££
 
Trade Debtors76641138049
Other debtors10929182729
Prepayments and accrued income3428899626
220220320404

7   Creditors: amounts falling due within one year20242023
££
 
Loans and Overdrafts70907384
Obligations under finance lease and hire purchase contracts5857-
Trade Creditors201662407499
Taxes and social security costs2544839084
Other creditors3948216615
Accruals and deferred income853119750
364850480332

8   Creditors: amounts falling due after one year20242023
££
 
Loans and Overdrafts2700032000
2700032000

9   Loans20242023
££
Analysis of maturity of debt:
 
Within one year70907384
Between one and five years2700032000
3409039384

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