Work It Group Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Work It Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11089609 . The registered office is c/o AKE, Hoddesdon Enterprise Centre, Pindar Road, Hoddesdon, Hertfordshire, EN11 0FJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is sale of memberships and personal training services. Turnover is recognised in the period the membership covers and the personal training is provided.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets is website development. It is amortised to profit and loss account over its estimated economic life of 10 & 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10 year straight line
Plant & Machinery	25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.7. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.8. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.9. Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.

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Work It Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 10)

4. Intangible Assets

	Other Intangible Assets
	£
Cost
As at 1 January 2025	139,727

As at 31 December 2025	139,727

Amortisation
As at 1 January 2025	68,147
Provided during the period	20,204

As at 31 December 2025	88,351

Net Book Value
As at 31 December 2025	51,376

As at 1 January 2025	71,580

5. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 January 2025	105,629	176,058	281,687
Additions	53,978	37,725	91,703
Disposals	-	(6,310 )	(6,310 )

As at 31 December 2025	159,607	207,473	367,080

Depreciation
As at 1 January 2025	45,404	77,573	122,977
Provided during the period	14,711	23,746	38,457

As at 31 December 2025	60,115	101,319	161,434

Net Book Value
As at 31 December 2025	99,492	106,154	205,646

As at 1 January 2025	60,225	98,485	158,710

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Work It Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2025	200

As at 31 December 2025	200

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	200

As at 1 January 2025	200

Investments comprise of 100% of the issued share capital in Work It Events Limited and Work It Studios Limited.

7. Stocks

	2025	2024
	£	£
Finished goods	6,670	3,298

8. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	43,923	29,475
Amounts owed by group undertakings	26,150	18,502
Other debtors	14,820	37,109

	84,893	85,086

9. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	24,733	81,087
Bank loans and overdrafts	6,204	6,204
Amounts owed to participating interests	1,442	2,292
Other creditors	383,199	423,569
Taxation and social security	334,232	130,563

	749,810	643,715

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Work It Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

10. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	21,198	27,402
Other creditors	404,127	488,956

	425,325	516,358

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

12. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	106,000	106,000
Later than one year and not later than five years	212,000	318,000

	318,000	424,000

13. Related Party Transactions

The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK", not to disclose related party transactions with wholly owned subsidiaries within the group.'

C Mouskoundi

The above is a related party by virtue of being a director.

During the year, the related party received repayments in relation to an amount loaned to the company. At the balance sheet date the director was owed £5,000 (2024: £5,000) by the company. Interest has been charged on this loan at a market rate.

O Watts

The above is a related party by virtue of being a director.

During the year, the related party loaned money to the company. At the balance sheet date the director was owed £245,108 (2024: £262,553) by the company. Interest has been charged on this loan during the period.

C Enstone-Watts

The above is a related party by virtue of being a director.

During the year, the related party withdrew against his account, received repayments in relation to an amount loaned to the company, loaned funds to the company and incurred expenses on behalf of the company. At the balance sheet date the director was owed £102,812 (2024: £170,693) by the company. Interest has been accrued on this loan at a market rate.

Manor On Demand Ltd

The above is a related party by virtue of common control.

During the year, the company incurred expenditure on behalf of the related party. At the balance sheet date the related party was owed £1,442 (2024: £2,292) by the company. No interest has been charged on this loan during the period.

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Work It Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

14. Ultimate Controlling Party

The company's ultimate controlling party is C Enstone-Watts by virtue of his majority shareholding in the company.

15. Going concern

The company is considered a going concern as it has the full support of the shareholders and directors who are not seeking repayment of their loans in the foreseeable future.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		51,376		71,580
Tangible Assets	5		205,646		158,710
Investments	6		200		200

			257,222		230,490
CURRENT ASSETS
Stocks	7	6,670		3,298
Debtors	8	84,893		85,086
Cash at bank and in hand		18,916		133,051

		110,479		221,435
Creditors: Amounts Falling Due Within One Year	9	(749,810 )		(643,715 )

NET CURRENT ASSETS (LIABILITIES)			(639,331 )		(422,280 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(382,109 )		(191,790 )

Creditors: Amounts Falling Due After More Than One Year	10		(425,325 )		(516,358 )

NET LIABILITIES			(807,434 )		(708,148 )

CAPITAL AND RESERVES
Called up share capital	11		100		100
Share premium account			134,939		118,139
Profit and Loss Account			(942,473 )		(826,387 )

SHAREHOLDERS' FUNDS			(807,434)		(708,148)