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Work by Here Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2025

Registration number: 9372914

 

Work by Here Ltd

Contents

Statement of financial position

1

Notes to the Financial Statements

2 to 5

 

Work by Here Ltd

(Registration number: 9372914)
Statement of financial position as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Intangible assets

4

5,290

7,935

Tangible assets

5

111,015

108,279

 

116,305

116,214

Current assets

 

Stocks

6

4,051

-

Debtors

7

62,821

91,371

Cash at bank and in hand

 

273,039

11,479

 

339,911

102,850

Creditors: Amounts falling due within one year

8

(248,631)

(63,281)

Net current assets

 

91,280

39,569

Total assets less current liabilities

 

207,585

155,783

Provisions for liabilities

(4,188)

(3,165)

Net assets

 

203,397

152,618

Capital and reserves

 

Called up share capital

9

1

1

Retained earnings

203,396

152,617

Shareholders' funds

 

203,397

152,618

For the financial year ending 31 January 2025 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.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 12 March 2025
 

.........................................
Mr D McEwan
Director

 

Work by Here Ltd

Notes to the Financial Statements for the Year Ended 31 January 2025

1

General information

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

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

These financial statements were authorised for issue by the director on 12 March 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 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 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Work by Here Ltd

Notes to the Financial Statements for the Year Ended 31 January 2025

Tangible assets

Tangible assets are stated in the statement of financial position 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

Furniture, fittings and equipment

25% straight line

Motor vehicles

25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Website development

over 4 years

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Work by Here Ltd

Notes to the Financial Statements for the Year Ended 31 January 2025

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 3).

4

Intangible assets

Website development
 £

Total
£

Cost or valuation

At 1 February 2024

15,900

15,900

At 31 January 2025

15,900

15,900

Amortisation

At 1 February 2024

7,965

7,965

Amortisation charge

2,645

2,645

At 31 January 2025

10,610

10,610

Carrying amount

At 31 January 2025

5,290

5,290

At 31 January 2024

7,935

7,935

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2024

99,555

51,113

150,668

Additions

-

7,525

7,525

Disposals

-

(38,518)

(38,518)

At 31 January 2025

99,555

20,120

119,675

Depreciation

At 1 February 2024

-

42,389

42,389

Charge for the year

-

4,789

4,789

Eliminated on disposal

-

(38,518)

(38,518)

At 31 January 2025

-

8,660

8,660

Carrying amount

At 31 January 2025

99,555

11,460

111,015

At 31 January 2024

99,555

8,724

108,279

 

Work by Here Ltd

Notes to the Financial Statements for the Year Ended 31 January 2025

6

Stocks

2025
£

2024
£

Work in progress

4,051

-

7

Debtors

Current

2025
£

2024
£

Trade debtors

59,977

91,047

Prepayments

338

324

Other debtors

2,506

-

 

62,821

91,371

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

16,667

-

Trade creditors

 

4,777

-

Taxation and social security

 

50,628

59,502

Accruals and deferred income

 

3,267

3,112

Other creditors

 

173,292

667

 

248,631

63,281

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £0.50 each

2

1

2

1