REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 March 2024 |
for |
Worldwide Workplace Ltd |
REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 31 March 2024 |
for |
Worldwide Workplace Ltd |
Worldwide Workplace Ltd (Registered number: 08007438) |
Contents of the Financial Statements |
for the Year Ended 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Worldwide Workplace Ltd |
Company Information |
for the Year Ended 31 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Registered Auditors |
Chartered Accountants |
10a White Hart Parade |
London Road |
Blackwater |
Camberley |
Surrey |
GU17 9AD |
Worldwide Workplace Ltd (Registered number: 08007438) |
Balance Sheet |
31 March 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
Worldwide Workplace Ltd (Registered number: 08007438) |
Balance Sheet - continued |
31 March 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Worldwide Workplace Ltd (Registered number: 08007438) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Worldwide Workplace Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery etc | - |
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. |
Worldwide Workplace Ltd (Registered number: 08007438) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
2. | ACCOUNTING POLICIES - continued |
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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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 |
Worldwide Workplace Ltd (Registered number: 08007438) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2023 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Trade debtors |
Amounts owed by associates |
Worldwide Workplace Ltd (Registered number: 08007438) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Trade creditors |
Amounts owed to associates | 88,500 | 961,379 |
Taxation and social security |
Other creditors |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | RELATED PARTY DISCLOSURES |
Included in other creditors are amounts of £216,568 (2023: £677,760) owed by the company to Peak PEO Ltd; ;and £273,748 (2023 £283,619) to Worldwide Access Consulting PEO Ireland Ltd. All companies have common director and connected party shareholder. |
Included in other debtors are amounts of £80,530 (2023: £58,343) owed to the company by Worldwide Access Consulting Italy; £436 (2023: £436) by World Access Consulting Portugal; £ 0 (2023: £38,331) due by Worldwide Access Consulting UK Ltd ; £1,101,280 (2023: £0and £56,702 (2023 £0) due by World Access Consulting India. |
All companies have common director and connected party shareholder. |
During the year the company was charged £ 114,674 ( 2023: £120,193) for consultancy services from R Gaskamp, a director of Worldwide Workplace Ltd. |
During the year the company was charged £ 1,101,280 (2023: £961,662 for payroll, operations, accountancy and financial services paid by Peak PEO Ltd; £0 (2023:£51,225) by Worldwide Access Consulting Ltd; £204,174 (2023:£101,219) by Worldwide Access Consulting Spain; £664,027 (2023:£351,143) by Worldwide Access Consulting Italy; £84,789 (2023:£8,110) by Worldwide Access Consulting France; £2,798,602 (2023£00) by World Access Consultancy India and £234,256 |
The company invoiced Peak PEO Ltd £835,434 (2023: £1,167,440) for payroll cost paid by the company on behalf of Peak PEO Ltd. |
Worldwide Workplace Ltd (Registered number: 08007438) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is P J M Voakes. |