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Company Registration No. 13057575 (England and Wales)
Productworx Ltd Unaudited accounts for the year ended 31 December 2024
Productworx Ltd Unaudited accounts Contents
Page
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Productworx Ltd Company Information for the year ended 31 December 2024
Director
C Lucas
Company Number
13057575 (England and Wales)
Registered Office
Congress House Lyon Road Harrow Middlesex HA1 2EN United Kingdom
Accountants
Evolve Accounting and Tax Solutions Ltd Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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Productworx Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,943 
1,478 
Current assets
Debtors
308,425 
229,012 
Cash at bank and in hand
45,086 
170,504 
353,511 
399,516 
Creditors: amounts falling due within one year
(168,100)
(106,195)
Net current assets
185,411 
293,321 
Net assets
187,354 
294,799 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
187,254 
294,699 
Shareholders' funds
187,354 
294,799 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 21 February 2025 and were signed on its behalf by
C Lucas Director Company Registration No. 13057575
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Productworx Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Productworx Ltd is a private company, limited by shares, registered in England and Wales, registration number 13057575. The registered office is Congress House, Lyon Road, Harrow, Middlesex, HA1 2EN, United Kingdom.
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
3 years Straight Line Method
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2024
3,607 
Additions
1,647 
At 31 December 2024
5,254 
Depreciation
At 1 January 2024
2,129 
Charge for the year
1,182 
At 31 December 2024
3,311 
Net book value
At 31 December 2024
1,943 
At 31 December 2023
1,478 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
207,336 
- 
Other debtors
101,089 
229,012 
308,425 
229,012 
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Productworx Ltd Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
109,770 
100,024 
Other creditors
23 
48 
Loans from directors
2,820 
- 
Accruals
55,487 
6,123 
168,100 
106,195 
7
Transactions with related parties
At the balance sheet date, included in other debtors is the sum of £101,089 (2023: £226,791) owed from a company under common ownership, Simocha Ltd. Also included in other creditors is the sum of £2,820 (2023: £2,220 debtor) owed from the director Mr. C Lucas. There are no terms as to interest or repayment in respect of this balance.
8
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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