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Company Registration No. 10261030 (England and Wales)
Worksmith Ltd Unaudited accounts for the year ended 31 July 2024
Worksmith Ltd Unaudited accounts Contents
Page
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Worksmith Ltd Company Information for the year ended 31 July 2024
Directors
Else Beate Pesian Sukanyaben Patel
Company Number
10261030 (England and Wales)
Registered Office
11 Lake Avenue WALSALL West Midlands WS5 3PA England
Accountants
J P Accountancy Services Arnant House Dihewyd Lampeter Staffordshire SA48 7PP
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Worksmith Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,080 
723 
Current assets
Debtors
27,980 
35,299 
Cash at bank and in hand
49,044 
53,842 
77,024 
89,141 
Creditors: amounts falling due within one year
(18,940)
(16,423)
Net current assets
58,084 
72,718 
Total assets less current liabilities
59,164 
73,441 
Creditors: amounts falling due after more than one year
(8,477)
(12,524)
Net assets
50,687 
60,917 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
50,587 
60,817 
Shareholders' funds
50,687 
60,917 
For the year ending 31 July 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by
Sukanyaben Patel Director Company Registration No. 10261030
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Worksmith Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Worksmith Ltd is a private company, limited by shares, registered in England and Wales, registration number 10261030. The registered office is 11 Lake Avenue, , WALSALL, West Midlands, WS5 3PA, England.
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
25% Straight Line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
5,298 
Additions
1,440 
At 31 July 2024
6,738 
Depreciation
At 1 August 2023
4,575 
Charge for the year
1,083 
At 31 July 2024
5,658 
Net book value
At 31 July 2024
1,080 
At 31 July 2023
723 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
27,554 
34,745 
Accrued income and prepayments
426 
554 
27,980 
35,299 
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Worksmith Ltd Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,845 
4,845 
VAT
6,613 
6,190 
Taxes and social security
231 
323 
Loans from directors
6,171 
4,075 
Accruals
1,080 
990 
18,940 
16,423 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,477 
12,524 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Else Beate Pesian
Directors Loan Account
2,731 
1,212 
- 
3,943 
Sukanyaben Patel
Directors Loan Account
1,344 
884 
- 
2,228 
4,075 
2,096 
- 
6,171 
9
Average number of employees
During the year the average number of employees was 2 (2023: 3).
10
Reconciliations on adoption of FRS 102
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