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REGISTERED NUMBER: 04275728 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

WORKFLOW OPTIONS LIMITED

WORKFLOW OPTIONS LIMITED (REGISTERED NUMBER: 04275728)

Contents of the Financial Statements
for the year ended 31 August 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


WORKFLOW OPTIONS LIMITED

Company Information
for the year ended 31 August 2024







Director: Mr T Christoforou





Registered office: Saywell
Main Road
Wrangle
Boston
Lincolnshire
PE22 9AJ





Registered number: 04275728 (England and Wales)





Accountants: Haines Watts
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

WORKFLOW OPTIONS LIMITED (REGISTERED NUMBER: 04275728)

Statement of Financial Position
31 August 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 65,457 79,991

Current assets
Stocks 1,050 1,050
Debtors 5 58,604 49,817
Cash at bank 11,120 9,660
70,774 60,527
Creditors
Amounts falling due within one year 6 118,907 81,310
Net current liabilities (48,133 ) (20,783 )
Total assets less current liabilities 17,324 59,208

Capital and reserves
Called up share capital 7 2 2
Retained earnings 8 17,322 59,206
Shareholders' funds 17,324 59,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director and authorised for issue on 24 August 2025 and were signed by:





Mr T Christoforou - Director


WORKFLOW OPTIONS LIMITED (REGISTERED NUMBER: 04275728)

Notes to the Financial Statements
for the year ended 31 August 2024


1. Statutory information

Workflow Options 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 3 (2023 - 4 ) .

WORKFLOW OPTIONS LIMITED (REGISTERED NUMBER: 04275728)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


4. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
Cost
At 1 September 2023 2,630 49,534 70,783 23,258 146,205
Additions - - - 2,469 2,469
At 31 August 2024 2,630 49,534 70,783 25,727 148,674
Depreciation
At 1 September 2023 591 20,277 26,698 18,648 66,214
Charge for year 309 4,621 11,021 1,052 17,003
At 31 August 2024 900 24,898 37,719 19,700 83,217
Net book value
At 31 August 2024 1,730 24,636 33,064 6,027 65,457
At 31 August 2023 2,039 29,257 44,085 4,610 79,991

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 57,807 49,670
Other debtors 797 147
58,604 49,817

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 4,152 2,955
Trade creditors 16,850 2,081
Taxation and social security 6,762 12,460
Other creditors 91,143 63,814
118,907 81,310

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary £1 2 2

WORKFLOW OPTIONS LIMITED (REGISTERED NUMBER: 04275728)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


8. Reserves
Retained
earnings
£

At 1 September 2023 59,206
Profit for the year 8,116
Dividends (50,000 )
At 31 August 2024 17,322

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£ £
Mr T Christoforou
Balance outstanding at start of year (47,539 ) 2,925
Amounts advanced 39,451 9,466
Amounts repaid (16,779 ) (59,930 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (24,867 ) (47,539 )