Work234 Limited - Filleted accounts

Registered number

05674471

Work234 Limited

Filleted Accounts

31 January 2026

Work234 Limited
Registered number:		05674471
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		25,481			31,992

Current assets
Debtors	4	69,724			30,492
Cash at bank and in hand		-			56,531
		69,724			87,023

Creditors: amounts falling due within one year	5	(81,126)			(85,239)

Net current (liabilities)/assets			(11,402)			1,784

Total assets less current liabilities			14,079			33,776

Creditors: amounts falling due after more than one year	6		(12,757)			(12,497)

Net assets			1,322			21,279

Capital and reserves
Called up share capital			1			1
Profit and loss account			1,321			21,278

Shareholder's funds			1,322			21,279

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Michael Clarke
Director
Approved by the board on 31 October 2026

Work234 Limited
Notes to the Accounts
for the year ended 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Building improvement			over 10 years
	Fixtures, fittings, tools and equipment			25% reducing balance

	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.

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					1		1


3	Tangible fixed assets
				Land and buildings		Plant and machinery etc		Total
£					£		£
	Cost
	At 1 February 2025			59,490		18,900		78,390
	At 31 January 2026			59,490		18,900		78,390

	Depreciation
	At 1 February 2025			29,745		16,653		46,398
	Charge for the year			5,949		562		6,511
	At 31 January 2026			35,694		17,215		52,909

	Net book value
	At 31 January 2026			23,796		1,685		25,481
	At 31 January 2025			29,745		2,247		31,992


4	Debtors					2026		2025
£							£

	Other debtors					69,724		30,492

	Amounts due after more than one year included above					17,165		4,490


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					5,911		4,000
	Trade creditors					1,770		210
	Taxation and social security costs					68,465		75,906
	Other creditors					4,980		5,123
						81,126		85,239


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					12,757		12,497


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Michael Clarke
	Loan interest rate 3.75%	13,603		37,768		-		51,371

		13,603		37,768		-		51,371


8	Other information

	Work234 Limited is a private company limited by shares and incorporated in England. Its registered office is:
	255 Poulton Road
	Wallasey
	Merseyside
	CH44 4BT