Company No: 08513579 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	7,918		22,492
Tangible assets	4	440		1,436
		8,358		23,928
Current assets
Debtors	5	12,820		11,589
Cash at bank and in hand		2,092		1,957
		14,912		13,546
Creditors: amounts falling due within one year	6	( 290,830)		( 293,199)
Net current liabilities		(275,918)		(279,653)
Total assets less current liabilities		(267,560)		(255,725)
Creditors: amounts falling due after more than one year	7	( 795)		( 3,927)
Net liabilities		( 268,355)		( 259,652)
Capital and reserves
Called-up share capital	8	20		20
Profit and loss account		( 268,375 )		( 259,672 )
Total shareholders' deficit		( 268,355)		( 259,652)

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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Workplace Innovation Europe Limited (registered number: 08513579) were approved and authorised for issue by the Board of Directors on 01 October 2025. They were signed on its behalf by:

Mrs R J Exton Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Workplace Innovation Europe Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom. The principal place of business is Clockwise, Broadwalk House, Southernhay West, Exeter, EX1 1TS.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

In 2025, after the date of these financial statements, the directors made the decision that the Company would cease trading. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date. Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery

3 - 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 April 2024	223,167		223,167
At 31 March 2025	223,167		223,167
Accumulated amortisation
At 01 April 2024	200,675		200,675
Charge for the financial year	14,574		14,574
At 31 March 2025	215,249		215,249
Net book value
At 31 March 2025	7,918		7,918
At 31 March 2024	22,492		22,492

4. Tangible assets

	Plant and machinery		Total
	£		£
Cost
At 01 April 2024	7,207		7,207
At 31 March 2025	7,207		7,207
Accumulated depreciation
At 01 April 2024	5,771		5,771
Charge for the financial year	996		996
At 31 March 2025	6,767		6,767
Net book value
At 31 March 2025	440		440
At 31 March 2024	1,436		1,436

5. Debtors

	2025		2024
	£		£
Trade debtors	5,336		7,020
Prepayments and accrued income	2,136		2,413
VAT recoverable	5,348		2,156
	12,820		11,589

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	3,132		3,055
Amounts owed to Group undertakings	17,960		18,146
Amounts owed to directors	18,326		18,326
Accruals	2,925		2,700
Other creditors	248,487		250,972
	290,830		293,199

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	795		3,927

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
20 Ordinary shares of £ 1.00 each	20		20

9. Related party transactions

Transactions with owners holding a participating interest in the entity

	2025		2024
	£		£
Amount due to Work Research	244,601		245,601

During the current and previous year a loan account existed between the company and Work Research, a business owned wholly by the directors of the company. No interest was paid on this loan. The loan is repayable on demand.