Work2net Ltd - Filleted accounts

Work2net Ltd

Filleted Accounts

31 July 2026

Registered number

15861437

Work2net Ltd
Registered number:		15861437
Balance Sheet
as at 31 July 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		71,841			41,610
Tangible assets	4		117			175
			71,958			41,785

Current assets
Debtors	5	321			6,366
Cash at bank and in hand		8,171			676
		8,492			7,042

Creditors: amounts falling due within one year	6	(89,228)			(72,216)

Net current liabilities			(80,736)			(65,174)

Total assets less current liabilities			(8,778)			(23,389)

Creditors: amounts falling due after more than one year	7		(30,600)			-

Provisions for liabilities			-			(7,939)


Net liabilities			(39,378)			(31,328)

Capital and reserves
Called up share capital			3			3
Profit and loss account			(39,381)			(31,331)

Shareholder's funds			(39,378)			(31,328)

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 her 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.




S Golding
Director
Approved by the board on 2 November 2026

Work2net Ltd
Notes to the Accounts
for the year ended 31 July 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).

	Going Concern
	At 31 July 2026 the company had net liabilities of £26,737 (2025: £9,518) and net current liabilities of £111,336. The company launched its app in February 2026 and has not yet generated turnover. The company is funded by loans from its director, which totalled £85,097 at the year end. The director and the related party lender has confirmed that she will continue to support the company. They have also confirmed that they will not seek repayment of these loans for at least twelve months from the date of approval of these financial statements, unless the company has sufficient funds to repay them. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the company were unable to continue as a going concern.

	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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Fixtures, fittings, tools and equipment	over 4 years

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		0		0


3	Intangible fixed assets				£
	Computer Software:

	Cost
	At 1 August 2025				55,481
	Disposals				40,307
	At 31 July 2026				95,788

	Amortisation
	At 1 August 2025				13,871
	Provided during the year				10,076
	At 31 July 2026				23,947

	Net book value
	At 31 July 2026				71,841
	At 31 July 2025				41,610

	Computer Software is being written off in equal annual instalments over its estimated economic life of 4 years.


4	Tangible fixed assets
					Office Equipment
£
	Cost
	At 1 August 2025				233
	At 31 July 2026				233

	Depreciation
	At 1 August 2025				58
	Charge for the year				58
	At 31 July 2026				116

	Net book value
	At 31 July 2026				117
	At 31 July 2025				175


5	Debtors		2026		2025
£				£

	Other debtors		321		6,366


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

	Trade creditors		3,112		-
	Other creditors		86,116		72,216
			89,228		72,216


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

	Other creditors		30,600		-


8	Related party transactions

	During the year, S Golding, a director of the company, made net advances to the company of £42,000 (2025: £43,097). At 31 July 2026 the company owed the director £85,097 (2025: £43,097). The loan is interest free, unsecured and repayable on demand, and is included in other creditors.


9	Other information

	Work2net Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	167-169 Great Portland Street
	5th Floor
	London
	W1W 5PF