Company registration number 02610384 (England and Wales)
THE WORKPLACE DEPOT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
THE WORKPLACE DEPOT LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
THE WORKPLACE DEPOT LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
10,428
29,642
Tangible assets
4
856,277
705,354
Investments
5
10,000
10,000
876,705
744,996
Current assets
Stocks
2,801,690
1,689,438
Debtors
6
1,095,734
850,097
Cash at bank and in hand
746,564
911,770
4,643,988
3,451,305
Creditors: amounts falling due within one year
7
(5,525,251)
(4,199,722)
Net current liabilities
(881,263)
(748,417)
Total assets less current liabilities
(4,558)
(3,421)
Creditors: amounts falling due after more than one year
8
(450,887)
(891,706)
Net liabilities
(455,445)
(895,127)
Capital and reserves
Called up share capital
200
200
Share premium account
9,900
9,900
Profit and loss reserves
(465,545)
(905,227)
Total equity
(455,445)
(895,127)
THE WORKPLACE DEPOT LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
31 December 2025
- 2 -

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements 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 financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 20 January 2026 and are signed on its behalf by:
Mr K W Miller
Director
Company registration number 02610384 (England and Wales)
THE WORKPLACE DEPOT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

The Workplace Depot Limited is a private company limited by shares incorporated in England and Wales. The registered office is Miller House, Moorbridge Road East, Bingham, Nottinghamshire, England, NG13 8XB.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

At the balance sheet date the company had net liabilities of true£455,445 (202 4: £895,127).

The director s have given due consideration to the trading performance of the company since the year end and the future plans and are satisfied the company has adequate resources to continue to meet it's liabilities as they fall due.

At the time of signing these financial statements, t he director s have considered the going concern position and consider, along with shareholder support, that the company will continue to trade for a period of at least 12 months.

On that basis, the directors have prepared these financial statements on a going concern basis.

1.3
Turnover

Turnover is recognised 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 all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of turnover can be measured reliably;

- it is probable that the company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

THE WORKPLACE DEPOT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Intangible fixed assets other than goodwill

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Patents & licences
one year
Development costs
three years
1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost which is the purchase price plus any directly attributable costs. Subsequently, Tangible fixed assets are measured at cost less accumulated depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
5% on cost and 2% on cost
Plant and equipment
20% on reducing balance and 5% on reducing balance
Fixtures and fittings
20% on reducing balance
Computers
33% on cost
Motor vehicles
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.7
Fixed asset investments

Investments in subsidiary undertakings are recognised at cost.

1.8
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

THE WORKPLACE DEPOT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences can arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.12
Foreign exchange

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
33
29
THE WORKPLACE DEPOT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
3
Intangible fixed assets
Other
£
Cost
At 1 January 2025
222,515
Disposals
(38,468)
At 31 December 2025
184,047
Amortisation and impairment
At 1 January 2025
192,873
Amortisation charged for the year
5,316
Disposals
(24,570)
At 31 December 2025
173,619
Carrying amount
At 31 December 2025
10,428
At 31 December 2024
29,642
4
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 January 2025
699,076
131,566
99,980
44,759
90,082
1,065,463
Additions
-
0
146,051
49,269
9,711
49,250
254,281
Disposals
-
0
-
0
204
-
0
(59,955)
(59,751)
At 31 December 2025
699,076
277,617
149,453
54,470
79,377
1,259,993
Depreciation and impairment
At 1 January 2025
123,166
89,938
55,390
37,314
54,301
360,109
Depreciation charged in the year
35,002
11,071
10,213
6,065
21,810
84,161
Eliminated in respect of disposals
-
0
-
0
60
-
0
(40,614)
(40,554)
At 31 December 2025
158,168
101,009
65,663
43,379
35,497
403,716
Carrying amount
At 31 December 2025
540,908
176,608
83,790
11,091
43,880
856,277
At 31 December 2024
575,910
41,628
44,590
7,445
35,781
705,354
THE WORKPLACE DEPOT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 7 -
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
10,000
10,000
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
484,044
219,582
Other debtors
502,442
355,004
986,486
574,586
Deferred tax asset
109,248
275,511
1,095,734
850,097
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
367,379
411,947
Obligations under finance leases
49,947
74,846
Trade creditors
2,495,385
1,672,048
Taxation and social security
1,041,340
616,265
Other creditors
1,504,046
1,372,218
Accruals and deferred income
67,154
52,398
5,525,251
4,199,722
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans and overdrafts
410,781
778,161
Obligations under finance leases
40,106
113,545
450,887
891,706
9
Secured debts

The obligations under hire purchase contracts are secured on the assets to which they relate.

A debenture is held as security by National Westminster Bank Plc by way of a fixed and floating charge over current and future assets of the company.

10
Operating lease commitments
As lessee
THE WORKPLACE DEPOT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
10
Operating lease commitments
(Continued)
- 8 -

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
2,235,000
1,040,883
11
Related party transactions

During the period advances of £12,146 (2024: £2,630) were made to a director and £3,088 (2024: £14,750) was repaid. No amounts were written off or waived. At the period end a balance of £122,902 (2024: £113,844) was due from a director.

This advance was unsecured, repayable on demand, and interest has been charged at the official rate.

2025-12-31 2025-01-01 false false false 20 January 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mrs J W Miller Mr S K Miller Mr K W Miller Mrs J W Miller 02610384 2025-01-01 2025-12-31 02610384 2025-12-31 02610384 2024-12-31 02610384 core:IntangibleAssetsOtherThanGoodwill 2025-12-31 02610384 core:IntangibleAssetsOtherThanGoodwill 2024-12-31 02610384 core:LeaseholdImprovements 2025-12-31 02610384 core:PlantMachinery 2025-12-31 02610384 core:FurnitureFittings 2025-12-31 02610384 core:ComputerEquipment 2025-12-31 02610384 core:MotorVehicles 2025-12-31 02610384 core:LeaseholdImprovements 2024-12-31 02610384 core:PlantMachinery 2024-12-31 02610384 core:FurnitureFittings 2024-12-31 02610384 core:ComputerEquipment 2024-12-31 02610384 core:MotorVehicles 2024-12-31 02610384 core:CurrentFinancialInstruments core:WithinOneYear 2025-12-31 02610384 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 02610384 core:WithinOneYear 2025-12-31 02610384 core:WithinOneYear 2024-12-31 02610384 core:AfterOneYear 2025-12-31 02610384 core:AfterOneYear 2024-12-31 02610384 core:CurrentFinancialInstruments 2025-12-31 02610384 core:CurrentFinancialInstruments 2024-12-31 02610384 core:Non-currentFinancialInstruments 2025-12-31 02610384 core:Non-currentFinancialInstruments 2024-12-31 02610384 core:ShareCapital 2025-12-31 02610384 core:ShareCapital 2024-12-31 02610384 core:SharePremium 2025-12-31 02610384 core:SharePremium 2024-12-31 02610384 core:RetainedEarningsAccumulatedLosses 2025-12-31 02610384 core:RetainedEarningsAccumulatedLosses 2024-12-31 02610384 bus:Director2 2025-01-01 2025-12-31 02610384 core:IntangibleAssetsOtherThanGoodwill 2025-01-01 2025-12-31 02610384 core:PatentsTrademarksLicencesConcessionsSimilar 2025-01-01 2025-12-31 02610384 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-01-01 2025-12-31 02610384 core:LeaseholdImprovements 2025-01-01 2025-12-31 02610384 core:PlantMachinery 2025-01-01 2025-12-31 02610384 core:FurnitureFittings 2025-01-01 2025-12-31 02610384 core:ComputerEquipment 2025-01-01 2025-12-31 02610384 core:MotorVehicles 2025-01-01 2025-12-31 02610384 2024-01-01 2024-12-31 02610384 core:IntangibleAssetsOtherThanGoodwill 2024-12-31 02610384 core:LeaseholdImprovements 2024-12-31 02610384 core:PlantMachinery 2024-12-31 02610384 core:FurnitureFittings 2024-12-31 02610384 core:ComputerEquipment 2024-12-31 02610384 core:MotorVehicles 2024-12-31 02610384 2024-12-31 02610384 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 02610384 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 02610384 bus:FRS102 2025-01-01 2025-12-31 02610384 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 02610384 bus:Director1 2025-01-01 2025-12-31 02610384 bus:Director3 2025-01-01 2025-12-31 02610384 bus:CompanySecretary1 2025-01-01 2025-12-31 02610384 bus:FullAccounts 2025-01-01 2025-12-31 xbrli:pure xbrli:shares iso4217:GBP