Caseware UK (AP4) 2025.0.111 2025.0.111 2025-07-31 2025-07-31 false 2024-08-01 false printing and producing motor cycle accessories and display materials.3 3 false true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02620892 2024-08-01 2025-07-31 02620892 2023-08-01 2024-07-31 02620892 2025-07-31 02620892 2024-07-31 02620892 c:Director2 2024-08-01 2025-07-31 02620892 d:Buildings d:LongLeaseholdAssets 2024-08-01 2025-07-31 02620892 d:Buildings d:LongLeaseholdAssets 2025-07-31 02620892 d:Buildings d:LongLeaseholdAssets 2024-07-31 02620892 d:PlantMachinery 2024-08-01 2025-07-31 02620892 d:PlantMachinery 2025-07-31 02620892 d:PlantMachinery 2024-07-31 02620892 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-08-01 2025-07-31 02620892 d:MotorVehicles 2024-08-01 2025-07-31 02620892 d:MotorVehicles 2025-07-31 02620892 d:MotorVehicles 2024-07-31 02620892 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-08-01 2025-07-31 02620892 d:FurnitureFittings 2024-08-01 2025-07-31 02620892 d:FurnitureFittings 2025-07-31 02620892 d:FurnitureFittings 2024-07-31 02620892 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-08-01 2025-07-31 02620892 d:OwnedOrFreeholdAssets 2024-08-01 2025-07-31 02620892 d:CurrentFinancialInstruments 2025-07-31 02620892 d:CurrentFinancialInstruments 2024-07-31 02620892 d:Non-currentFinancialInstruments 2025-07-31 02620892 d:Non-currentFinancialInstruments 2024-07-31 02620892 d:CurrentFinancialInstruments d:WithinOneYear 2025-07-31 02620892 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 02620892 d:Non-currentFinancialInstruments d:AfterOneYear 2025-07-31 02620892 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 02620892 d:ShareCapital 2025-07-31 02620892 d:ShareCapital 2024-07-31 02620892 d:RetainedEarningsAccumulatedLosses 2025-07-31 02620892 d:RetainedEarningsAccumulatedLosses 2024-07-31 02620892 c:FRS102 2024-08-01 2025-07-31 02620892 c:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 02620892 c:FullAccounts 2024-08-01 2025-07-31 02620892 c:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 02620892 2 2024-08-01 2025-07-31 02620892 d:AcceleratedTaxDepreciationDeferredTax 2025-07-31 02620892 d:AcceleratedTaxDepreciationDeferredTax 2024-07-31 02620892 e:PoundSterling 2024-08-01 2025-07-31 iso4217:GBP xbrli:pure

Registered number: 02620892 WERX LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 JULY 2025
WERX LIMITED CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WERX LIMITED FOR THE YEAR ENDED 31 JULY 2025 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Werx Limited for the year ended 31 July 2025 which comprise the Statement of financial position and the related notes from the Company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation. This report is made solely to the Board of directors of Werx Limited, as a body, in accordance with the terms of our engagement letter dated 1st December 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Werx Limited and state those matters that we have agreed to state to the Board of directors of Werx Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Werx Limited and its Board of directors, as a body, for our work or for this report. It is your duty to ensure that Werx Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Werx Limited. You consider that Werx Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or review of the financial statements of Werx Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. McColes & Co (Herts) Ltd Chartered Accountants First Floor 28 Whitehorse Street Baldock Hertfordshire SG7 6QQ 1 April 2026 Page 1
WERX LIMITED REGISTERED NUMBER: 02620892 STATEMENT OF FINANCIAL POSITION AS AT 31 JULY 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 48,154 |  | 46,762
|  |  | 48,154 |  | 46,762
Current assets |  |  |  |  |
Stocks |  | 38,097 |  | 38,165 |
Debtors: amounts falling due within one year | 6 | 31,701 |  | 33,179 |
Cash at bank and in hand |  | 783 |  | 3,115 |
|  | 70,581 |  | 74,459 |
Creditors: amounts falling due within one year | 7 | (87,052) |  | (87,362) |
Net current liabilities |  |  | (16,471) |  | (12,903)
Total assets less current liabilities |  |  | 31,683 |  | 33,859
Creditors: amounts falling due after more than one year | 8 |  | (10,000) |  | (12,438)
Provisions for liabilities |  |  |  |  |
Deferred tax | 9 | (9,574) |  | (9,353) |
|  |  | (9,574) |  | (9,353)
Net assets |  |  | 12,109 |  | 12,068
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 12,003 |  | 12,003
Profit and loss account |  |  | 106 |  | 65
|  |  | 12,109 |  | 12,068
Page 2
WERX LIMITED REGISTERED NUMBER: 02620892 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 JULY 2025 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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. The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 March 2026.
K Gale
Director
Page 3
WERX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 1.ACCOUNTING POLICIES
| 1.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 presentational currency of the Company is GBP. The following principal accounting policies have been applied:
| 1.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue 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 revenue 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.
| 1.3 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 1.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 1.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 1.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 4
WERX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 1.ACCOUNTING POLICIES (continued)
| 1.7 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.
| 1.8 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. 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 income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 1.9 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 5
WERX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 1.ACCOUNTING POLICIES (continued)
| 1.9 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the methods below. Depreciation is provided on the following basis:
|  |  |  | L/Term Leasehold Property | - | 20% | straight line
|  |  |  | Plant & machinery | - | 15% | reducing balance
|  |  |  | Motor vehicles | - | 20% | reducing balance
|  |  |  | Fixtures & fittings | - | 15% | reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 1.10 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 1.11 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 1.12 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 1.13 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 6
WERX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 1.ACCOUNTING POLICIES (continued)
| 1.14 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 1.15 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
2. | General information
The company is a private company, limited by shares and registered in England. Its registered number is: 02620892 Its Registered Office is: Astonbury Business Park Aston Stevenage Hertfordshire SG2 7EG
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
There have been no significant judgements made by management in preparing these financial statements.
4. | Employees
| The average monthly number of employees, including directors, during the year was 3 (2024 - 3).
Page 7
WERX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
5. | Tangible fixed assets
|  | L/Term Leasehold Property | Plant & machinery | Motor vehicles | Fixtures & fittings | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 August 2024 | 40,223 | 126,859 | 27,622 | 50,586 | 245,290
| Additions | - | 10,377 | - | 167 | 10,544
| At 31 July 2025 | 40,223 | 137,236 | 27,622 | 50,753 | 255,834
| Depreciation |  |  |  |  |
| At 1 August 2024 | 40,223 | 86,157 | 24,426 | 47,720 | 198,526
| Charge for the year on owned assets | - | 7,662 | 639 | 852 | 9,153
| At 31 July 2025 | 40,223 | 93,819 | 25,065 | 48,572 | 207,679
| Net book value |  |  |  |  |
| At 31 July 2025 | - | 43,417 | 2,557 | 2,181 | 48,155
| At 31 July 2024 | - | 40,701 | 3,196 | 2,865 | 46,762
Page 8
WERX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 1,661 | 758
| Other debtors | 30,040 | 32,421
|  | 31,701 | 33,179
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | 14,965 | 14,994
| Bank loans | 9,823 | 17,491
| Trade creditors | 36,620 | 27,598
| Corporation tax | 5,352 | 17,035
| Other taxation and social security | 17,840 | 7,970
| Other creditors | 452 | 274
| Accruals and deferred income | 2,000 | 2,000
|  | 87,052 | 87,362
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 10,000 | 12,438
|  | 10,000 | 12,438
9. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (9,353)
| Charged to profit or loss | (221)
| At end of year | (9,574)
Page 9
WERX LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 9.Deferred taxation (continued)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (9,574) | (9,353)
|  | (9,574) | (9,353)
10. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,321 (2024 - £1,169). Contributions totalling £452 (2024 - £274) were payable to the fund at the reporting date and are included in creditors.
11. | Related party transactions
| The amount due to the directors, and included in other creditors at the reporting date, was £22,460; (2024: £24,240). The loan does not attract a rate of interest and is repayable on demand.
Page 10