REGISTERED NUMBER: 05285212 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

THE MIND AT WORK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms P I Ascher

D Rudkin

SECRETARY:

Ms P I Ascher

REGISTERED OFFICE:

34 Coleshill Road

Teddington

Middlesex

TW11 0LJ

REGISTERED NUMBER:

05285212 (England and Wales)

ACCOUNTANTS:

Alvis & Company (Accountants) Limited

143 Station Road

Hampton

Middlesex

TW12 2AL

FIXED ASSETS

Tangible assets

4

21,170

18,748

CURRENT ASSETS

Debtors

5

352,623

189,147

Cash at bank

1,862,109

1,354,081

2,214,732

1,543,228

CREDITORS

Amounts falling due within one year

6

(1,012,231

)

(517,842

)

NET CURRENT ASSETS

1,202,501

1,025,386

TOTAL ASSETS LESS CURRENT LIABILITIES

1,223,671

1,044,134

PROVISIONS FOR LIABILITIES

(5,293

)

(4,687

)

NET ASSETS

1,218,378

1,039,447

CAPITAL AND RESERVES

Called up share capital

30

30

Retained earnings

1,218,348

1,039,417

SHAREHOLDERS' FUNDS

1,218,378

1,039,447

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 2 October 2025 and were signed on its behalf by:

D Rudkin - Director

1.	STATUTORY INFORMATION

The Mind at 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

Straight line over 3 years

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.

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.

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 13 (2023 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

99,253

83,374

182,627

Additions

974

8,986

9,960

Disposals

(1,379

)

(3,033

)

(4,412

)

At 31 December 2024

98,848

89,327

188,175

DEPRECIATION

At 1 January 2024

84,621

79,258

163,879

Charge for year

3,818

2,932

6,750

Eliminated on disposal

(939

)

(2,685

)

(3,624

)

At 31 December 2024

87,500

79,505

167,005

NET BOOK VALUE

At 31 December 2024

11,348

9,822

21,170

At 31 December 2023

14,632

4,116

18,748

5.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

114,883

82,513

Other debtors

226,659

95,553

341,542

178,066

Amounts falling due after more than one year:

Other debtors

11,081

11,081

Aggregate amounts

352,623

189,147

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

105,904

321

Taxation and social security

193,391

68,530

Other creditors

712,936

448,991

1,012,231

517,842

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.24

31.12.23

£

£

D Rudkin

Balance outstanding at start of year

-

-

Amounts advanced

125,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

125,000

-

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Rudkin.