Workspace Creations Ltd

Workspace Creations Ltd
Contents Page
For the year ended 31 March 2025

Company information	1
Directors' report	2
Accountants' report	3
Statement of financial position	4
Notes to the financial statements	5

Workspace Creations Ltd
Company Information
For the year ended 31 March 2025

Directors	L Goodwin L Sadler
Registered Number	13493442
Registered Office	9 Corbets Tey Road Upminster Essex RM14 2AP
Accountants	Versa Tax Solutions Ltd 9 Corbets Tey Road Upminster Essex RM14 2AP

1

Workspace Creations Ltd
Directors' Report
For the year ended 31 March 2025

Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 March 2025

Principal activities

The company's principal activity during the year was other construction installation provider.

Directors
The directors who served the company throughout the year were as follows:

L Goodwin

L Sadler

Statement of directors' responsibilities

The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:

----------------------------------
L Goodwin
Director

Date approved: 16 June 2025

2

Workspace Creations Ltd Accountants' Report For the year ended 31 March 2025
Accountant’s report You consider that the company is exempt from an audit for the year ended 31 March 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Versa Tax Solutions Ltd 31 March 2025 .................................................... Versa Tax Solutions Ltd 9 Corbets Tey Road Upminster Essex RM14 2AP 16 June 2025 3

Workspace Creations Ltd
Accountants' Report
For the year ended 31 March 2025

Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2025 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Versa Tax Solutions Ltd
31 March 2025

....................................................
Versa Tax Solutions Ltd
9 Corbets Tey Road
Upminster
Essex
RM14 2AP
16 June 2025

3

Workspace Creations Ltd
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	3,302	3,889
		3,302	3,889
Current assets
Debtors	4	646,351	301,161
Cash at bank and in hand		145,852	211,918
		792,203	513,079
Creditors: amount falling due within one year	5	(576,985)	(387,691)
Net current assets		215,218	125,388

Total assets less current liabilities		218,520	129,277
Net assets		218,520	129,277

Capital and reserves
Called up share capital	6	120	100
Profit and loss account		218,400	129,177
Shareholders' funds		218,520	129,277

For the year ended 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 accounts for the year in question 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 accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 16 June 2025 and were signed on its behalf by:

-------------------------------
L Goodwin
Director

4

Workspace Creations Ltd
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

Workspace Creations Ltd is a private company, limited by shares, registered in England and Wales, registration number 13493442, registration address 9 Corbets Tey Road, Upminster, Essex, RM14 2AP.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Finance lease and hire purchase charges

The finance element of the rental payment is charged to the income statement on a straight line basis.

Website cost

Planning and operating costs for the company's website are charged to the income statement as incurred.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	20% Straight Line
Computer Equipment	33% Straight Line

Factored debts

The company includes factored debts within trade debtors since most of the risks and rewards of ownership of the factored debts have not passed to the factors. A corresponding liability is included in liabilities in respect of the proceeds received from the factor.

2.	Average number of employees Average number of employees during the year was 0 (2024 : 0).

3.

Tangible fixed assets

Cost or valuation	Motor Vehicles	Computer Equipment	Total
	£	£	£
At 01 April 2024	3,998	1,014	5,012
Additions	-	1,288	1,288
Disposals	-	-	-
Transfers	(3,998)	3,998	-
At 31 March 2025	-	6,300	6,300
Depreciation
At 01 April 2024	-	1,123	1,123
Charge for year	-	1,875	1,875
On disposals	-	-	-
At 31 March 2025	-	2,998	2,998
Net book values
Closing balance as at 31 March 2025	-	3,302	3,302
Opening balance as at 01 April 2024	3,998	(109)	3,889

4.

Debtors: amounts falling due within one year

	2025 £	2024 £
Trade Debtors	260,632	114,351
Other Debtors	47,058	0
CIS Control Account	251,636	132,938
Directors' Current Accounts	0	17,233
VAT	87,025	36,639
	646,351	301,161

5.

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	172,415	99,692
Amounts Owed to Group Undertakings 9	1	0
Corporation Tax	134,459	41,189
Accrued Expenses	269,590	234,045
Other Creditors	520	520
Wages & Salaries Control Account	0	12,245
	576,985	387,691

6.

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
100 Class A shares of £1.00 each	100		100
	100		100

5

Registered Number: 13493442
England and Wales
WORKSPACE CREATIONS LTD

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025