Registration number: 07946689

Engaging Works Group Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Engaging Works Group Limited

Company Information

Director

Lord Mark Ian Price

Registered office

43 Worship Street London EC2A 2DU

Accountants

Nicola Brookes Chartered AccountantMole End Shorts Green Lane Motcombe Dorset SP7 9PA

Engaging Works Group Limited

(Registration number: 07946689)
Balance Sheet as at 31 March 2025

	Note	2025 £	(As restated) 2024 £
Fixed assets
Intangible assets	4	2,683,808	1,798,223
Tangible assets	5	18,335	15,910
		2,702,143	1,814,133
Current assets
Debtors	6	804,599	850,705
Cash at bank and in hand		487,671	283,911
		1,292,270	1,134,616
Creditors: Amounts falling due within one year	7	(7,173,047)	(4,903,593)
Net current liabilities		(5,880,777)	(3,768,977)
Total assets less current liabilities		(3,178,634)	(1,954,844)
Creditors: Amounts falling due after more than one year	7	(112,223)	(172,423)
Net liabilities		(3,290,857)	(2,127,267)
Capital and reserves
Called up share capital		385,900	385,900
Retained earnings		(3,676,757)	(2,513,167)
Shareholders' deficit		(3,290,857)	(2,127,267)

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.

Director's 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; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 June 2025
 

Lord Mark Ian Price Director

Engaging Works Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
43 Worship Street
London
EC2A 2DU

These financial statements were authorised for issue by the director on 11 June 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Prior period adjustments

In previous years, the company turnover has been determined based upon invoice dates. It is now recognised that some of the turnover relates to subscription services and the company has updated the accounting policy used in this respect. The prior year adjustment restates those sales into the correct accounting period to which they relate.

	Relating to the current period disclosed in these financial statements £	Relating to the prior period disclosed in these financial statements £	Relating to periods before the prior period disclosed in these financial statements £
Turnover	978,593	(555,363)	(423,230)

Revenue recognition

Turnover from subscription services is recognised on a straight line basis over the subscription period. Any amounts received in advance of the service period are initially recognised as deferred revenue and are subsequently recognised as revenue over the service period.

Other turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Page 3

Engaging Works Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	Over five years

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Intellectual property	Over ten years

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 50 (2024 - 40).

Engaging Works Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 April 2024	2,599,962	2,599,962
Additions acquired separately	1,272,868	1,272,868
At 31 March 2025	3,872,830	3,872,830
Amortisation
At 1 April 2024	801,739	801,739
Amortisation charge	387,283	387,283
At 31 March 2025	1,189,022	1,189,022
Carrying amount
At 31 March 2025	2,683,808	2,683,808
At 31 March 2024	1,798,223	1,798,223

5	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 April 2024	39,713	39,713
Additions	10,814	10,814
Disposals	(19,816)	(19,816)
At 31 March 2025	30,711	30,711
Depreciation
At 1 April 2024	23,803	23,803
Charge for the year	5,722	5,722
Eliminated on disposal	(17,149)	(17,149)
At 31 March 2025	12,376	12,376
Carrying amount
At 31 March 2025	18,335	18,335
At 31 March 2024	15,910	15,910

Engaging Works Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	609,609	656,444
Prepayments	39,990	11,062
Other debtors	155,000	183,199
	804,599	850,705

Engaging Works Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	(As restated) 2024 £
Due within one year
Loans and borrowings	8	10,198	94,503
Trade creditors		124,441	168,590
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10	5,042,358	2,722,871
Taxation and social security		306,408	448,321
Accruals and deferred income		1,661,881	1,398,384
Other creditors		27,761	70,924
		7,173,047	4,903,593

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	112,223	172,423

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	12,223	22,423
Other borrowings	100,000	150,000
	112,223	172,423

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	10,198	9,947
Other borrowings	-	84,556
	10,198	94,503

Engaging Works Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	420,000	-
Later than one year and not later than five years	140,000	-
	560,000	-

The amount of non-cancellable operating lease payments recognised as an expense during the year was £245,000 (2024 - £Nil).

10	Related party transactions

At 31 March 2025, the company owed its parent company, Engaging Works Holdings Limited, £5,042,358 (2024 - £2,722,871).

The controlling party is Engaging Works Holdings Limited.

Engaging Works Group Limited is owned 100% by Engaging Works Holdings Limited. Consolidated Group financial statements are prepared and filed by Engaging Works Holdings Limited.

Engaging Works Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

11	Parent and ultimate parent undertaking

The company's immediate parent is Engaging Works Holdings Limited, incorporated in England & Wales.

 

12	Exceptional items

During the year ended 31 March 2025, the company incurred additional costs of £279,000 to secure external funding for the business. The costs covered the legal and professional fees of the advisers.