Workearly Ltd

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—5

Registered number: 11762980

		31 December 2024		31 January 2024
	Notes	€	€	€	€
FIXED ASSETS
Investments	4		148,265		-

			148,265		-
CURRENT ASSETS
Debtors	5	16,011		24,461
Cash at bank and in hand		607,772		1,416

		623,783		25,877
Creditors: Amounts Falling Due Within One Year	6	(8,434 )		(15,445 )

NET CURRENT ASSETS (LIABILITIES)			615,349		10,432

TOTAL ASSETS LESS CURRENT LIABILITIES			763,614		10,432

NET ASSETS			763,614		10,432

CAPITAL AND RESERVES
Called up share capital	7		1		1
Share premium account			1,099,988		-
Income Statement			(336,375 )		10,431

SHAREHOLDERS' FUNDS			763,614		10,432

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Workearly Ltd

Statement of Financial Position (continued)

As At 31 December 2024

For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Efthymios Vafeiadis

Director

18 July 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Workearly Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11762980 . The registered office is 156A Burnt Oak Broadway, Edgware, Middlesex, HA8 0AX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The financial statements are presented in Euros (€), which is the company’s functional and presentational currency. In the current year, the company changed its presentational currency from Pounds Sterling (£) to Euros (€), to better reflect the underlying transactions, balances, and operations of the business, which are now predominantly denominated in Euros.

The comparative figures for the prior year have been restated in Euros using the following methodology:

Assets and liabilities were translated at the closing exchange rate at the reporting date of the prior year
Income and expenses were translated at the average exchange rate for the prior year
All resulting exchange differences, which were immaterial, were recognised in the income statement

This change in presentational currency has no impact on the company’s functional currency or on the underlying transactions.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable and net of discounts. Turnover includes revenue earned from the sale of digital products. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of products

Turnover from the sale of products is recognised when the significant risks and rewards of ownership of the products has transferred to the buyer; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. This is usually at the point that the customer has signed for the delivery of the products.

2.3. Foreign Currencies

The comparative figures have been reinstated. Monetary assets and liabilities in foreign currencies are translated back to Euro from sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated back to Euro from sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.4. Taxation

The tax expense represents the sum of the corporation tax currently payable.

Tax payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

2.5. Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and where material are subsequently measured at amortised cost using the effective interest method, less any impairment.

2.6. Basic financial liabilities

Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments diuscounted at the market rate of interest.

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Workearly Ltd

Notes to the Financial Statements (continued)

For the Period 1 February 2024 to 31 December 2024

2.7. Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

3. Average Number of Employees

Average number of employees, including directors, during the period was: NIL (2024: NIL)

4. Investments

	Subsidiaries
	€
Cost
As at 1 February 2024	-
Additions	148,265

As at 31 December 2024	148,265

Provision
As at 1 February 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	148,265

As at 1 February 2024	-

The company accounts for its investments in Subsidiaries at cost, adjusted for any accumulated impairment losses.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

5. Debtors

	31 December 2024	31 January 2024
	€	€
Due within one year
Trade debtors	6,467	24,461
Prepayments and accrued income	1,625	-
Corporation tax recoverable assets	3,784	-
Amounts owed by group undertakings	4,135	-

	16,011	24,461

6. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 January 2024
	€	€
Corporation tax	-	3,784
Other creditors	3,360	3,360
Accruals and deferred income	5,074	8,301

	8,434	15,445

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Workearly Ltd

Notes to the Financial Statements (continued)

For the Period 1 February 2024 to 31 December 2024

7. Share Capital

	31 December 2024	31 January 2024
	€	€
Allotted, Called up and fully paid	1	1

During the reporting period, the company issued the following shares:

2,565 Ordinary £0.00001 shares
15,378 Preferred Seed £0.00001 shares

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