Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31false2023-06-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04241203 2023-06-01 2024-05-31 04241203 2022-06-01 2023-05-31 04241203 2024-05-31 04241203 2023-05-31 04241203 c:Director1 2023-06-01 2024-05-31 04241203 d:PlantMachinery 2023-06-01 2024-05-31 04241203 d:PlantMachinery 2024-05-31 04241203 d:PlantMachinery 2023-05-31 04241203 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04241203 d:MotorVehicles 2024-05-31 04241203 d:MotorVehicles 2023-05-31 04241203 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04241203 d:OfficeEquipment 2024-05-31 04241203 d:OfficeEquipment 2023-05-31 04241203 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04241203 d:ComputerEquipment 2024-05-31 04241203 d:ComputerEquipment 2023-05-31 04241203 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04241203 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 04241203 d:CurrentFinancialInstruments 2024-05-31 04241203 d:CurrentFinancialInstruments 2023-05-31 04241203 d:Non-currentFinancialInstruments 2024-05-31 04241203 d:Non-currentFinancialInstruments 2023-05-31 04241203 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 04241203 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 04241203 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 04241203 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 04241203 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 04241203 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 04241203 d:ShareCapital 2024-05-31 04241203 d:ShareCapital 2023-05-31 04241203 d:RetainedEarningsAccumulatedLosses 2024-05-31 04241203 d:RetainedEarningsAccumulatedLosses 2023-05-31 04241203 c:FRS102 2023-06-01 2024-05-31 04241203 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 04241203 c:FullAccounts 2023-06-01 2024-05-31 04241203 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 04241203 4 2023-06-01 2024-05-31 04241203 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 04241203









WORK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
WORK LIMITED
REGISTERED NUMBER: 04241203

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
6,198
8,265

  
6,198
8,265

Current assets
  

Debtors: amounts falling due within one year
 5 
633,189
776,244

Cash at bank and in hand
 6 
14,425
22,678

  
647,614
798,922

Creditors: amounts falling due within one year
 7 
(344,276)
(127,885)

Net current assets
  
 
 
303,338
 
 
671,037

Total assets less current liabilities
  
309,536
679,302

Creditors: amounts falling due after more than one year
 8 
(285,614)
(657,414)

  

Net assets
  
23,922
21,888


Capital and reserves
  

Called up share capital 
  
880,100
880,100

Profit and loss account
  
(856,178)
(858,212)

  
23,922
21,888


Page 1

 
WORK LIMITED
REGISTERED NUMBER: 04241203
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 February 2025.




D S Khera
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
WORK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Work Limited is a private company limited by shares and incorporated in England and Wales. The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
WORK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% Reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
WORK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.9

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 June 2023
41,797
32,685
231,274
83,000
388,756



At 31 May 2024

41,797
32,685
231,274
83,000
388,756



Depreciation


At 1 June 2023
40,605
32,685
227,756
79,446
380,492


Charge for the year on owned assets
298
-
880
888
2,066



At 31 May 2024

40,903
32,685
228,636
80,334
382,558



Net book value



At 31 May 2024
894
-
2,638
2,666
6,198



At 31 May 2023
1,192
-
3,519
3,554
8,265

Page 5

 
WORK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
16,030
1,104

Other debtors
305,396
305,148

Prepayments and accrued income
311,763
469,992

633,189
776,244



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
14,425
22,678

14,425
22,678



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
2,974

Other creditors
174,168
74,390

Accruals and deferred income
60,669
21,406

Other taxation and social security
109,439
29,115

344,276
127,885



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
10,000
10,000

Other creditors
275,614
647,414

285,614
657,414


Page 6

 
WORK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Other loans
10,000
10,000


10,000
10,000


10,000
10,000


 
Page 7