REGISTERED NUMBER: 06027433 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

PY@WORK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P J Yaxley

Mrs S J Yaxley

SECRETARY:

Mrs S J Yaxley

REGISTERED OFFICE:

Fox & Goose Inn

Church Road

Fressingfield

Eye

Suffolk

IP21 5PB

REGISTERED NUMBER:

06027433 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,522,438

1,054,590

CURRENT ASSETS

Stocks

8,200

8,200

Debtors

5

2,081

11,256

Prepayments and accrued income

5,674

4,172

Cash at bank and in hand

100,201

311,955

116,156

335,583

CREDITORS

Amounts falling due within one year

6

691,876

556,683

NET CURRENT LIABILITIES

(575,720

)

(221,100

)

TOTAL ASSETS LESS CURRENT LIABILITIES

946,718

833,490

CREDITORS

Amounts falling due after more than one year

7

(188,112

)

(204,282

)

PROVISIONS FOR LIABILITIES

(112,523

)

(89,781

)

ACCRUALS AND DEFERRED INCOME

(3,410

)

(5,309

)

NET ASSETS

642,673

534,118

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

642,573

534,018

SHAREHOLDERS' FUNDS

642,673

534,118

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

Mr P J Yaxley - Director

1.	STATUTORY INFORMATION

PY@Work 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.

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.

Freehold property

-

2% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 37 (2023 - 36 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st January 2024

1,056,685

189,402

3,000

4,191

1,253,278

Additions

486,854

22,256

-

-

509,110

At 31st December 2024

1,543,539

211,658

3,000

4,191

1,762,388

DEPRECIATION

At 1st January 2024

63,261

131,555

1,734

2,138

198,688

Charge for year

28,621

12,016

317

308

41,262

At 31st December 2024

91,882

143,571

2,051

2,446

239,950

NET BOOK VALUE

At 31st December 2024

1,451,657

68,087

949

1,745

1,522,438

At 31st December 2023

993,424

57,847

1,266

2,053

1,054,590

Included in cost of land and buildings is freehold land of £ 112,500 (2023 - £ 112,500 ) which is not depreciated.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,081

11,256

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

33,285

32,775

Trade creditors

100,587

113,902

Taxation and social security

97,166

101,479

Other creditors

460,838

308,527

691,876

556,683

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

188,112

204,282

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

99,076

112,408

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

22,500

22,500

Between one and five years

90,000

90,000

In more than five years

150,000

172,500

262,500

285,000

9.	RELATED PARTY DISCLOSURES

The ultimate controlling party is the directors.