REGISTERED NUMBER: 06893078 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Methodworx Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J A Simpson

Mrs K J Simpson

REGISTERED OFFICE:

Compton House

Walnut Tree Close

Guildford

Surrey

England

GU1 4TX

REGISTERED NUMBER:

06893078 (England and Wales)

ACCOUNTANTS:

Branston Adams

Suite 2, Victoria House

South Street

Farnham

Surrey

GU9 7QU

FIXED ASSETS

Property, plant and equipment

4

65,210

36,407

Investments

5

17,904

17,904

83,114

54,311

CURRENT ASSETS

Debtors

6

277,795

287,684

Cash at bank

550,584

1,139,648

828,379

1,427,332

CREDITORS

Amounts falling due within one year

7

80,324

233,020

NET CURRENT ASSETS

748,055

1,194,312

TOTAL ASSETS LESS CURRENT LIABILITIES

831,169

1,248,623

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

831,069

1,248,523

831,169

1,248,623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2026 and were signed on its behalf by:

J A Simpson - Director

1.	STATUTORY INFORMATION

Methodworx Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current 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 is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2025 - 24 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2025

99,860

5,943

-

105,803

Additions

5,101

16,625

26,593

48,319

At 31 March 2026

104,961

22,568

26,593

154,122

DEPRECIATION

At 1 April 2025

65,361

4,035

-

69,396

Charge for year

12,886

4,220

2,410

19,516

At 31 March 2026

78,247

8,255

2,410

88,912

NET BOOK VALUE

At 31 March 2026

26,714

14,313

24,183

65,210

At 31 March 2025

34,499

1,908

-

36,407

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2025

and 31 March 2026

17,904

NET BOOK VALUE

At 31 March 2026

17,904

At 31 March 2025

17,904

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

159,369

244,697

Other debtors

3,500

3,500

Other debtors - Bike2Work

1,169

-

Intercompany - Pickwick

37,711

39,487

Tax

76,046

-

277,795

287,684

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

-

19,883

Trade creditors

7,131

12,942

Tax

(19,417

)

56,705

Social security and other taxes

23,045

27,345

Pension payable

3,576

4,034

VAT

44,078

97,675

Other creditors

-

1,510

Directors' loan accounts

19,142

11,426

Accruals and deferred income

1,169

-

Accrued expenses

1,600

1,500

80,324

233,020

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors by virtue of their shareholdings.