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REGISTERED NUMBER: 06930837 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Applied Workplace Ltd

Applied Workplace Ltd (Registered number: 06930837)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Applied Workplace Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: J R Elliott
R J Yeo
D Simpson





REGISTERED OFFICE: 21 Church Road
Parkstone
Poole
Dorset
BH14 8UF





REGISTERED NUMBER: 06930837 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Applied Workplace Ltd (Registered number: 06930837)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,540 68,295

CURRENT ASSETS
Stocks 82,370 117,962
Debtors 5 147,814 147,753
Cash at bank and in hand 84,799 83,416
314,983 349,131
CREDITORS
Amounts falling due within one year 6 315,990 303,615
NET CURRENT (LIABILITIES)/ASSETS (1,007 ) 45,516
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,533

113,811

CREDITORS
Amounts falling due after more than one
year

7

(50,446

)

(60,986

)

PROVISIONS FOR LIABILITIES (17,664 ) (8,620 )
NET ASSETS 13,423 44,205

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,323 44,105
SHAREHOLDERS' FUNDS 13,423 44,205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Applied Workplace Ltd (Registered number: 06930837)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





J R Elliott - Director


Applied Workplace Ltd (Registered number: 06930837)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Applied Workplace 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - Not provided
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Applied Workplace Ltd (Registered number: 06930837)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 22,965 97,750 120,715
Additions - 33,995 33,995
At 30 June 2024 22,965 131,745 154,710
DEPRECIATION
At 1 July 2023 - 52,420 52,420
Charge for year - 19,750 19,750
At 30 June 2024 - 72,170 72,170
NET BOOK VALUE
At 30 June 2024 22,965 59,575 82,540
At 30 June 2023 22,965 45,330 68,295

Applied Workplace Ltd (Registered number: 06930837)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023 65,688
Additions 33,995
At 30 June 2024 99,683
DEPRECIATION
At 1 July 2023 22,333
Charge for year 19,338
At 30 June 2024 41,671
NET BOOK VALUE
At 30 June 2024 58,012
At 30 June 2023 43,355

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 122,532 98,044
Other debtors 25,282 49,709
147,814 147,753

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 23,302 11,970
Trade creditors 130,081 184,606
Taxation and social security 73,753 75,964
Other creditors 78,854 21,075
315,990 303,615

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,167 19,167
Hire purchase contracts 41,279 41,819
50,446 60,986