| |
|
2025 |
|
2024 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
39,891 |
|
|
50,958 |
| Current assets |
|
64,149 |
|
|
29,159 |
|
| Prepayments and accrued income |
|
23,411 |
|
|
27,096 |
|
| Creditors: amount falling due within one year |
|
(32,505) |
|
|
(50,348) |
|
|
Net current assets
|
|
|
55,055
|
|
|
5,907
|
|
Total assets less current liabilities
|
|
|
94,946 |
|
|
56,865 |
| Creditors: amount falling due after more than one year |
|
|
(53,756) |
|
|
(65,059) |
|
Net assets
|
|
|
41,190 |
|
|
(8,194) |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
41,190 |
|
|
(8,194) |
| |
NOTES TO THE ACCOUNTS
General Information
Werks Collaborations Limited is a private company, limited by shares, registered in England and Wales, registration number 12482727, registration address Werks Central, 15-17 Middle Street, Brighton, East Sussex, BN1 1AL.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
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:
| Fixtures and Fittings |
4 years Straight Line
|
| Computer Equipment |
4 years Straight Line
|
| Plant and Machinery |
10 years Straight Line
|
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Computer Equipment |
|
Plant and Machinery |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2024 |
2,444 |
|
17,550 |
|
60,690 |
|
80,684 |
| Additions |
- |
|
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 31 March 2025 |
2,444 |
|
17,550 |
|
60,690 |
|
80,684 |
| Depreciation |
| At 01 April 2024 |
1,638 |
|
10,892 |
|
17,196 |
|
29,726 |
| Charge for year |
611 |
|
4,387 |
|
6,069 |
|
11,067 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 31 March 2025 |
2,249 |
|
15,279 |
|
23,265 |
|
40,793 |
| Net book values |
| Closing balance as at 31 March 2025 |
195 |
|
2,271 |
|
37,425 |
|
39,891 |
| Opening balance as at 01 April 2024 |
806 |
|
6,658 |
|
43,494 |
|
50,958 |
The net book value of Plant and Machinery includes £ 37,425 (2024 £43,494) in respect of assets leased under finance leases or hire purchase contracts.
|
| 3. |
Average number of employees
Average number of employees during the year was 2 (2024 : 3).
|
| 4. |
Related parties
During the year the company entered into the following transactions with related parties: | Amount due from/to related party | | Provision for doubtful debt from the related party |
|---|
| 2025
£ | | 2024
£ | | 2025
£ | | 2024
£ |
|---|
| Cafewerks Limited | 11,030 | | 11,002 | | 0 | | 0 | | Werk Hubs Limited | 26,523 | | (4,542) | | 0 | | 0 | | Rates SOS Ltd | 2,560 | | 2,560 | | 0 | | 0 |
Loans made to Cafewerks Ltd were used to finance the fit out of the cafe within the building, and to support the recruitment of staff whilst the cafe set up its operations. Loans from Werk Hubs Limited related to staff time, maintenance and management in setting up the business ready for renting the office space, sorting snaps and repairs and generally maintaining the operations of the building for all property safety and maintenance, administration and finance. During the financial year, these loans have been repaid and further contributions added towards the overall remote staffing, management, and maintenance of the building. Rates SOS Ltd has provided support in managing utility contracts and service contracts for the company. This balance represents payments paid towards these services in the year. |
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 accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 07 November 2025 and were signed on its behalf by: --------------------------------
Martin Bouette
Director |
2
|