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REGISTERED NUMBER: 03486932 (England and Wales)









REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024

FOR

THE WORKLIFE COMPANY LIMITED

THE WORKLIFE COMPANY LIMITED (REGISTERED NUMBER: 03486932)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


THE WORKLIFE COMPANY LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTORS: K R Copp
L H Copp





REGISTERED OFFICE: Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU





REGISTERED NUMBER: 03486932 (England and Wales)





ACCOUNTANTS: the dt group
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

THE WORKLIFE COMPANY LIMITED (REGISTERED NUMBER: 03486932)

REPORT OF THE DIRECTORS
for the year ended 30 September 2024

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

PRINCIPAL ACTIVITY
Founded in 1998 by Lynne Copp, The Worklife Company Limited is a Leadership & Organisational Development Consultancy. Our work is delivered through OD consulting, coaching, facilitation, leadership development, employee engagement and research interventions.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

K R Copp
L H Copp

SUMMARY OF 2024 FROM MANAGING DIRECTOR
This has been a year of deliberate R&D, introspection and less delivery. I have been exploring 'what next' and any diversification that the business will need to thrive, for the remainder of time that I will run it for the next 14 years.

I have taken stock of the services I deliver, products that I have developed, the markets in which I operate, and the opportunities ahead. I have decided to stop specific project work to focus on growth in three areas, these will form my strategy moving forward. I have also invested in a new website, and in an MSc with Henley Business School. Stopping doing certain work to diversify has been a key strategic decision, even though this year, it has impacted negatively on revenue generation.

Over the coming year, the diversification towards the growth of coach mentoring, teaching and development of coaches, and my work with women in leadership and particularly women over 55, will dominate my strategic direction.

signed,
Lynne Copp, Founder & Managing Director

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





L H Copp - Director


10 March 2025

THE WORKLIFE COMPANY LIMITED (REGISTERED NUMBER: 03486932)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 833 2,235

CURRENT ASSETS
Stocks - 2,000
Debtors 5 14,667 10,292
Cash at bank 10,894 50,932
25,561 63,224
CREDITORS
Amounts falling due within one year 6 24,794 56,547
NET CURRENT ASSETS 767 6,677
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,600

8,912

PROVISIONS FOR LIABILITIES 158 424
NET ASSETS 1,442 8,488

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,242 8,288
SHAREHOLDERS' FUNDS 1,442 8,488

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

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

THE WORKLIFE COMPANY LIMITED (REGISTERED NUMBER: 03486932)

BALANCE SHEET - continued
30 September 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 10 March 2025 and were signed on its behalf by:




L H Copp - Director



K R Copp - Director


THE WORKLIFE COMPANY LIMITED (REGISTERED NUMBER: 03486932)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024

1. STATUTORY INFORMATION

The Worklife Company Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery etc - 25% straight line basis

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

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.

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

THE WORKLIFE COMPANY LIMITED (REGISTERED NUMBER: 03486932)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 7,779
DEPRECIATION
At 1 October 2023 5,544
Charge for year 1,402
At 30 September 2024 6,946
NET BOOK VALUE
At 30 September 2024 833
At 30 September 2023 2,235

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,580 7,980
Other debtors 3,087 2,312
14,667 10,292

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,471 -
Taxation and social security 9,406 19,307
Other creditors 10,917 37,240
24,794 56,547

7. RELATED PARTY DISCLOSURES

Unless otherwise disclosed, all related party transactions have been conducted under normal market
conditions, including dividend payments to its shareholders.