Registration number: 03608590

Workstars Global Ltd

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Workstars Global Ltd

(Registration number: 03608590)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	2,864	3,818
Current assets
Debtors	6	123,018	100,194
Cash at bank and in hand		68,540	50,320
		191,558	150,514
Creditors: Amounts falling due within one year	7	(45,063)	(36,858)
Net current assets		146,495	113,656
Total assets less current liabilities		149,359	117,474
Creditors: Amounts falling due after more than one year	7	(23,800)	(29,186)
Provisions for liabilities		(725)	(1,193)
Net assets		124,834	87,095
Capital and reserves
Called up share capital		1,000	1,000
Share premium reserve		1,225	1,225
Retained earnings		122,609	84,870
Shareholders' funds		124,834	87,095

Workstars Global Ltd

(Registration number: 03608590)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 September 2025 and signed on its behalf by:
 

......................................... Mr I Ratcliffe Director

Workstars Global Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

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

The address of its registered office is:
Suite 83 Courthill House
60 Water Lane
Wilmslow
Cheshire
SK9 5AJ
United Kingdom

These financial statements were authorised for issue by the Board on 4 September 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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 from the sale of goods and provision of services at the point when product is provided and services delivered.

Workstars Global Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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.

Tangible assets

Tangible assets are stated in the balance sheet 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
Plant & Machinery	20% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Workstars Global Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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
Goodwill	5% Straight line

Workstars Global Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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 profit and loss account 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.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 7).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	150,000	150,000
At 31 March 2025	150,000	150,000
Amortisation
At 1 April 2024	150,000	150,000
At 31 March 2025	150,000	150,000
Carrying amount
At 31 March 2025	-	-

Workstars Global Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 April 2024	23,586	23,586
At 31 March 2025	23,586	23,586
Depreciation
At 1 April 2024	19,768	19,768
Charge for the year	954	954
At 31 March 2025	20,722	20,722
Carrying amount
At 31 March 2025	2,864	2,864
At 31 March 2024	3,818	3,818

6

Debtors

Current	2025 £	2024 £
Trade debtors	44,880	39,478
Prepayments	834	-
Other debtors	77,304	60,716
	123,018	100,194

Workstars Global Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	8	6,212	6,212
Trade creditors		155	6,558
Amounts owed to group undertakings and undertakings in which the company has a participating interest		3,291	3,291
Taxation and social security		19,990	15,372
Other creditors		15,415	5,425
		45,063	36,858
Due after one year
Loans and borrowings	8	23,800	29,186

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £6,212(2024 - £6,212).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	23,800	29,186

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £23,800 (2024 - £29,186).

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	23,800	29,186

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	6,212	6,212