REGISTERED NUMBER: 05662167 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

30 NOVEMBER 2023 TO 28 FEBRUARY 2025

FOR

ORDERWORK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D P Liles

Mr J A L Anderton

REGISTERED OFFICE:

Montpelier Chambers

61-63 High Street South

Dunstable

Beds

LU6 3SF

REGISTERED NUMBER:

05662167 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Tangible assets

5

689

1,034

CURRENT ASSETS

Debtors

6

2,112,367

1,608,167

Cash at bank and in hand

856,466

856,861

2,968,833

2,465,028

CREDITORS

Amounts falling due within one year

7

874,070

572,523

NET CURRENT ASSETS

2,094,763

1,892,505

TOTAL ASSETS LESS CURRENT LIABILITIES

2,095,452

1,893,539

CAPITAL AND RESERVES

Called up share capital

400

400

Capital redemption reserve

287

287

Retained earnings

2,094,765

1,892,852

SHAREHOLDERS' FUNDS

2,095,452

1,893,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2025 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 26 November 2025 and were signed on its behalf by:

Mr D P Liles - Director

1.	STATUTORY INFORMATION

Orderwork Limited 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 (£).

The financial statements have an extended period from 30 November 2023 to 28 February 2025. Accordingly the figures presented relate to a period of fifteen months.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Revenue from contracts for installation and ongoing support services is recognised over time using the percentage of completion method, based on the proportion of contract costs incurred to date relative to the total estimated costs of completing the contract. This reflects the company's performance in transferring control of services to the customer

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life:

Computer equipment - straight line over 3 years

Fixtures and fittings - straight line over 5 years.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation

Taxation for the period 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 period 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 (2023 - 10 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

and

computer

equipment

£

COST

At 30 November 2023

and 28 February 2025

124,417

DEPRECIATION

At 30 November 2023

123,383

Charge for period

345

At 28 February 2025

123,728

NET BOOK VALUE

At 28 February 2025

689

At 29 November 2023

1,034

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade debtors

1,335,716

699,006

Amounts owed by group undertakings

438,305

467,302

Directors' loan accounts

204,925

354,594

Corporation tax receivable

119,675

-

Deferred tax asset

-

68,298

Prepayments

13,746

18,967

2,112,367

1,608,167

Trade debtors are provided as security in the form of a fixed charge and floating charge, which covers all the property or undertaking of the company in favour of HSBC Invoice Financing (UK) Limited against the borrowings of the group.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2023

£

£

Trade creditors

487,419

273,644

Taxation and social security

198,376

148,093

Other creditors

167,152

116,033

Accrued expenses

21,123

34,753

874,070

572,523

8.	DEFERRED TAX

£

Balance at 30 November 2023

(68,298

)

Utilised during period

68,298

Balance at 28 February 2025

-

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 28 February 2025 and the year ended 29 November 2023:

2025

2023

£

£

Mr J A L Anderton

Balance outstanding at start of period

177,297

-

Amounts advanced

-

177,297

Amounts repaid

(74,834

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

102,463

177,297

Mr D P Liles

Balance outstanding at start of period

177,297

-

Amounts advanced

-

177,297

Amounts repaid

(74,834

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

102,463

177,297

Interest has been charged at 2.25%, the official rate of interest for the period.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr D P Liles and Mr J A L Anderton who both own 50% of the parent company Vantage Team Limited.