Company Registration No. 10315489 (England and Wales)
Work Wallet Limited
Unaudited accounts
for the year ended 31 August 2025
Work Wallet Limited
Unaudited accounts
Contents
Work Wallet Limited
Company Information
for the year ended 31 August 2025
Directors
B C Dorks
T W Driver
E J Hayes
Company Number
10315489 (England and Wales)
Registered Office
Ideagen plc
1 Mere Way
Ruddington Fields Business Park
Nottingham
NG11 6JS
United Kingdom
Accountants
Lime Associates
12 New Mill
The Flour Mills
Burton on Trent
Staffordshire
DE15 0TP
Work Wallet Limited
Statement of financial position
as at 31 August 2025
Tangible assets
11,479
14,520
Cash at bank and in hand
725,901
553,101
Creditors: amounts falling due within one year
(742,374)
(406,403)
Net current assets
375,338
344,346
Total assets less current liabilities
386,817
358,866
Creditors: amounts falling due after more than one year
-
(155,057)
Net assets
386,817
203,809
Called up share capital
30,432
30,432
Share premium
191,428
191,428
Profit and loss account
164,957
(18,051)
Shareholders' funds
386,817
203,809
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 1 June 2026 and were signed on its behalf by
T W Driver
Director
Company Registration No. 10315489
Work Wallet Limited
Notes to the Accounts
for the year ended 31 August 2025
Work Wallet Limited is a private company, limited by shares, registered in England and Wales, registration number 10315489. The registered office is Ideagen plc, 1 Mere Way, Ruddington Fields Business Park, Nottingham, NG11 6JS, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Expenditure on research and development is written off in the year in which it is incurred.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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:
Computer equipment
3 Years Straight Line
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Work Wallet Limited
Notes to the Accounts
for the year ended 31 August 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2024
-
3,492
20,676
24,168
Additions
2,036
832
2,914
5,782
At 31 August 2025
2,036
4,324
23,417
29,777
At 1 September 2024
-
73
9,575
9,648
Charge for the year
469
1,150
7,090
8,709
At 31 August 2025
469
1,223
16,606
18,298
At 31 August 2025
1,567
3,101
6,811
11,479
At 31 August 2024
-
3,419
11,101
14,520
Amounts falling due within one year
Trade debtors
326,762
148,938
Accrued income and prepayments
64,481
48,710
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
13,227
17,600
Trade creditors
64,912
53,441
Taxes and social security
33,880
16,095
Other creditors
81,443
4,883
Deferred income
509,365
287,523
7
Creditors: amounts falling due after more than one year
2025
2024
Work Wallet Limited
Notes to the Accounts
for the year ended 31 August 2025
Allotted, called up and fully paid:
20,000 'A' Ordinary shares of £1 each
20,000
20,000
8,572 'B' Ordinary Shares of £1 each
8,572
8,572
1,860 'C' Ordinary Shares of £1 each
1,860
1,860
On 24 November 2025, Work Wallet Limited was acquired by Ideagen Limited and became a subsidiary of the Rainforest Topco Group.
10
Post balance sheet events
Directors
The following directors held office during the whole of the period. They resigned on 24 November 2025:
R Bowser
JG Gray
A Civval
The following Directors did not hold office during the year, they were appointed on 24 November 2025
B C Dorks
T W Driver
E J Hayes
11
Average number of employees
During the year the average number of employees was 18 (2024: 13).