Temporary Worx Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

Registered number: 11610971

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		599		19,533

			599		19,533
CURRENT ASSETS
Debtors	5	117,796		39,931
Cash at bank and in hand		-		33,412

		117,796		73,343
Creditors: Amounts Falling Due Within One Year	6	(87,333 )		(89,448 )

NET CURRENT ASSETS (LIABILITIES)			30,463		(16,105 )

TOTAL ASSETS LESS CURRENT LIABILITIES			31,062		3,428

Creditors: Amounts Falling Due After More Than One Year	7		(6,734 )		(30,768 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(114 )		(3,711 )

NET ASSETS/(LIABILITIES)			24,214		(31,051 )

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			24,213		(31,052 )

SHAREHOLDERS' FUNDS			24,214		(31,051)

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Temporary Worx Limited

Balance Sheet (continued)

As At 31 October 2024

For the year ending 31 October 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 Profit and Loss Account.

On behalf of the board

Mr Carl Morgan

Director

17 October 2025

The notes on pages 3 to 7 form part of these financial statements.

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

1.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

1.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for customer returns, rebates and other similar allowances.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

1.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably

It is amortised to the profit and loss account over its estimated economic life of 3 years.

1.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	3 years straight line
Motor Vehicles	3 years straight line
Fixtures & Fittings	3 years straight line
Tooling	3 years straight line

1.6. Financial Instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

All of the financial instruments applying to the company are basic as defied in the Accounting Standard, and as such are initially recognised at the transaction price. Debt instruments are subsequently measured at amortised cost.

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Temporary Worx Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

1.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently 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 years 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

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

1.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Temporary Worx Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

2. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 5)

3. Intangible Assets

	Design and Branding	Patents, Trademarks & Licences	Total
	£	£	£
Cost
As at 1 November 2023	60,927	20,891	81,818

As at 31 October 2024	60,927	20,891	81,818

Amortisation
As at 1 November 2023	60,927	20,891	81,818

As at 31 October 2024	60,927	20,891	81,818

Net Book Value
As at 31 October 2024	-	-	-

As at 1 November 2023	-	-	-

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Tooling	Total
	£	£	£	£	£
Cost
As at 1 November 2023	8,815	52,116	10,747	1,580	73,258
Disposals	-	(47,466 )	-	-	(47,466 )

As at 31 October 2024	8,815	4,650	10,747	1,580	25,792

Depreciation
As at 1 November 2023	5,869	36,294	9,982	1,580	53,725
Provided during the period	2,347	-	765	-	3,112
Disposals	-	(31,644 )	-	-	(31,644 )

As at 31 October 2024	8,216	4,650	10,747	1,580	25,193

Net Book Value
As at 31 October 2024	599	-	-	-	599

As at 1 November 2023	2,946	15,822	765	-	19,533

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Temporary Worx Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	116,396	23,687
Prepayments and accrued income	1,400	12,813
Other debtors	-	3,431

	117,796	39,931

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	9,059
Trade creditors	24,459	6,021
Bank loans and overdrafts	10,578	6,389
Other creditors	23,158	36,772
Taxation and social security	29,138	31,207

	87,333	89,448

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	20,121
Long term bank loan	6,734	10,647

	6,734	30,768

8. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Deferred Tax	114	3,711

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Temporary Worx Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

	Value	Number	2024	2023
Allotted, called up and fully paid	£		£	£
Ordinary Shares	0.33	3	1	1

10. General Information

Temporary Worx Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11610971 . The registered office is Unit 3 Plas Gwilym Industrial Park, 78 Llysfaen Road, Old Colwyn, Conwy, LL29 9HE.

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