2 2 Workhouse (UK) Limited 03700467 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is the retail of ice cream products Digita Accounts Production Advanced 6.30.9574.0 true true 03700467 2023-06-01 2024-05-31 03700467 2024-05-31 03700467 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 03700467 core:OfficeEquipment 2024-05-31 03700467 bus:SmallEntities 2023-06-01 2024-05-31 03700467 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 03700467 bus:FilletedAccounts 2023-06-01 2024-05-31 03700467 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 03700467 bus:RegisteredOffice 2023-06-01 2024-05-31 03700467 bus:Director1 2023-06-01 2024-05-31 03700467 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03700467 core:FurnitureFittings 2023-06-01 2024-05-31 03700467 core:OfficeEquipment 2023-06-01 2024-05-31 03700467 countries:England 2023-06-01 2024-05-31 03700467 2023-05-31 03700467 core:OfficeEquipment 2023-05-31 03700467 2022-06-01 2023-05-31 03700467 2023-05-31 03700467 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 03700467 core:OfficeEquipment 2023-05-31 xbrli:pure iso4217:GBP

Registration number: 03700467

Workhouse (UK) Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 May 2024

 

Workhouse (UK) Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Workhouse (UK) Limited

Company Information

Director

Mr Robert Hardy

Registered office

11a St Peters Street
Ipswich
Suffolk
IP1 1XF

 

Workhouse (UK) Limited

(Registration number: 03700467)
Abridged Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,118

1,491

Current assets

 

Stocks

5

1,000

1,000

Cash at bank and in hand

 

1,709

2,120

 

2,709

3,120

Creditors: Amounts falling due within one year

(10,301)

(3,061)

Net current (liabilities)/assets

 

(7,592)

59

Total assets less current liabilities

 

(6,474)

1,550

Accruals and deferred income

 

(879)

(879)

Net (liabilities)/assets

 

(7,353)

671

Capital and reserves

 

Called up share capital

7

64,000

64,000

Retained earnings

(71,353)

(63,329)

Shareholders' (deficit)/funds

 

(7,353)

671

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 February 2025
 

 

Workhouse (UK) Limited

(Registration number: 03700467)
Abridged Balance Sheet as at 31 May 2024 (continued)

.........................................
Mr Robert Hardy
Director

 

Workhouse (UK) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
11a St Peters Street
Ipswich
Suffolk
IP1 1XF
United Kingdom

These financial statements were authorised for issue by the director on 24 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Workhouse (UK) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance method

Office equipment

25% reducing balance method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Workhouse (UK) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024 (continued)

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 June 2023

14,998

14,998

At 31 May 2024

14,998

14,998

Depreciation

At 1 June 2023

13,507

13,507

Charge for the year

373

373

At 31 May 2024

13,880

13,880

Carrying amount

At 31 May 2024

1,118

1,118

At 31 May 2023

1,491

1,491

5

Stocks

2024
£

2023
£

Other inventories

1,000

1,000

6

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

7

Share capital

Allotted, called up and fully paid shares

 

Workhouse (UK) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024 (continued)

7

Share capital (continued)

2024

2023

No.

£

No.

£

Ordinary of £1 each

64,000

64,000

64,000

64,000

       

8

Related party transactions

 

Workhouse (UK) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 May 2024 (continued)

8

Related party transactions (continued)

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

8,788

8,788