IRIS Accounts Production v24.3.2.46 08007438 Board of Directors 1.4.23 31.3.24 31.3.24 27.3.25 0 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh080074382023-03-31080074382024-03-31080074382023-04-012024-03-31080074382022-03-31080074382022-04-012023-03-31080074382023-03-3108007438ns15:EnglandWales2023-04-012024-03-3108007438ns14:PoundSterling2023-04-012024-03-3108007438ns10:Director12023-04-012024-03-3108007438ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108007438ns10:SmallEntities2023-04-012024-03-3108007438ns10:Audited2023-04-012024-03-3108007438ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108007438ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108007438ns10:FullAccounts2023-04-012024-03-3108007438ns10:Director22023-04-012024-03-3108007438ns10:Director32023-04-012024-03-3108007438ns10:RegisteredOffice2023-04-012024-03-3108007438ns5:CurrentFinancialInstruments2024-03-3108007438ns5:CurrentFinancialInstruments2023-03-3108007438ns5:ShareCapital2024-03-3108007438ns5:ShareCapital2023-03-3108007438ns5:RetainedEarningsAccumulatedLosses2024-03-3108007438ns5:RetainedEarningsAccumulatedLosses2023-03-3108007438ns5:PlantMachinery2023-04-012024-03-3108007438ns5:PlantMachinery2023-03-3108007438ns5:PlantMachinery2024-03-3108007438ns5:PlantMachinery2023-03-3108007438ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3108007438ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 08007438 (England and Wales)















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: R Gaskamp
P J M Voakes





REGISTERED OFFICE: 10a White Hart Parade
Camberley
Surrey
GU17 9AD





REGISTERED NUMBER: 08007438 (England and Wales)





AUDITORS: Turner & Co
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 5,860 1,951

CURRENT ASSETS
Debtors 5 273,079 205,871
Cash at bank 982,281 1,916,161
1,255,360 2,122,032
CREDITORS
Amounts falling due within one year 6 872,108 1,470,800
NET CURRENT ASSETS 383,252 651,232
TOTAL ASSETS LESS CURRENT
LIABILITIES

389,112

653,183

PROVISIONS FOR LIABILITIES 390 390
NET ASSETS 388,722 652,793

CAPITAL AND RESERVES
Called up share capital 1,999 1,999
Retained earnings 386,723 650,794
SHAREHOLDERS' FUNDS 388,722 652,793

Worldwide Workplace Ltd (Registered number: 08007438)

Balance Sheet - continued
31 March 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 27 March 2025 and were signed on its behalf by:





P J M Voakes - Director


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 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.

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 - 33% on cost and 20% on cost

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 47 (2023 - NIL ) .

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 9,109
Additions 8,430
At 31 March 2024 17,539
DEPRECIATION
At 1 April 2023 7,158
Charge for year 4,521
At 31 March 2024 11,679
NET BOOK VALUE
At 31 March 2024 5,860
At 31 March 2023 1,951

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.24 31.3.23
£    £   
Trade debtors 107,274 108,761
Amounts owed by associates 165,805 97,110
273,079 205,871

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 431,668 78,765
Amounts owed to associates 88,500 961,379
Taxation and social security 307,711 409,238
Other creditors 44,229 21,418
872,108 1,470,800

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Margaret Turner (Senior Statutory Auditor)
for and on behalf of Turner & Co

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.