REGISTERED NUMBER: 07505228 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Workspace 1 Productions Ltd

T/A

Workspace 1

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R S McMinn

Miss C Cox

REGISTERED OFFICE:

Workspace 1 Phoenix Square

4 Midland Street

Leicester

Leicestershire

LE1 1TG

REGISTERED NUMBER:

07505228 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

4,492

4,627

CURRENT ASSETS

Stocks

10,000

10,000

Debtors

5

166,397

188,254

Cash at bank and in hand

93,247

47,721

269,644

245,975

CREDITORS

Amounts falling due within one year

6

(146,155

)

(97,952

)

NET CURRENT ASSETS

123,489

148,023

TOTAL ASSETS LESS CURRENT LIABILITIES

127,981

152,650

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

127,979

152,648

SHAREHOLDERS' FUNDS

127,981

152,650

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2026 and were signed on its behalf by:

Mr R S McMinn - Director

Miss C Cox - Director

1.	STATUTORY INFORMATION

Workspace 1 Productions 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Turnover 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.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 10 (2025 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2025

3,257

34,753

38,010

Additions

-

3,915

3,915

At 31 January 2026

3,257

38,668

41,925

DEPRECIATION

At 1 February 2025

2,803

30,580

33,383

Charge for year

91

3,959

4,050

At 31 January 2026

2,894

34,539

37,433

NET BOOK VALUE

At 31 January 2026

363

4,129

4,492

At 31 January 2025

454

4,173

4,627

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

165,103

186,835

Other debtors

1,294

1,419

166,397

188,254

Other debtors include prepayments and accrued income of £1,294 (2025 - £1,374)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade creditors

26,526

18,577

Taxation and social security

19,275

9,231

Other creditors

100,354

70,144

146,155

97,952

Other creditors include accruals and deferred income of £51,645 (2025 - £23,089)

7.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £5,699 (2025 - £15,698).