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Company Registration No. 11348803 (England and Wales)
Working Method Ltd Unaudited accounts for the year ended 31 May 2025
Working Method Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Working Method Ltd Company Information for the year ended 31 May 2025
Director
Edward Robinson
Company Number
11348803 (England and Wales)
Registered Office
22 SILVERWOOD AVENUE RAVENSHEAD NOTTINGHAM NOTTINGHAMSHIRE NG15 9BU UNITED KINGDOM
Accountants
Tove Accountancy Limited Office 6, Town Hall 86 Watling Street East Towcester Northants NN12 6BS
- 3 -
Working Method Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
8,113
8,500
Current assets
Debtors
5
4,979
-
Cash at bank and in hand
232,528
241,139
237,507
241,139
Creditors: amounts falling due within one year
6
(32,937)
(39,438)
Net current assets
204,570
201,701
Net assets
212,683
210,201
Capital and reserves
Called up share capital
1
1
Profit and loss account
212,682
210,200
Shareholders' funds
212,683
210,201
For the year ending 31 May 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 October 2025 and were signed on its behalf by
Edward Robinson Director Company Registration No. 11348803
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Working Method Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Working Method Ltd is a private company, limited by shares, registered in England and Wales, registration number 11348803. The registered office is 22 SILVERWOOD AVENUE, RAVENSHEAD, NOTTINGHAM, NOTTINGHAMSHIRE, NG15 9BU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25%
Computer equipment
25%
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 June 2024
10,774
7,911
18,685
Additions
2,488
2,372
4,860
At 31 May 2025
13,262
10,283
23,545
Depreciation
At 1 June 2024
5,387
4,798
10,185
Charge for the year
3,316
1,931
5,247
At 31 May 2025
8,703
6,729
15,432
Net book value
At 31 May 2025
4,559
3,554
8,113
At 31 May 2024
5,387
3,113
8,500
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Working Method Ltd Notes to the Accounts for the year ended 31 May 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
1,350
-
Trade debtors
3,629
-
4,979
-
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
-
3,608
Taxes and social security
6,964
439
Other creditors
35
-
Loans from directors
25,038
34,491
Accruals
900
900
32,937
39,438
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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