Work Force Staff Solutions Ltd - Limited company accounts 20.1

REGISTERED NUMBER: 10587734 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 January 2022

for

Work Force Staff Solutions Ltd

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

R Mason

SECRETARY:

REGISTERED OFFICE:

Legacy House

Legacy Centre Ltd, Hampton Road West

Hanworth Trading Estate

Feltham

TW13 6DH

REGISTERED NUMBER:

10587734 (England and Wales)

ACCOUNTANTS:

Bright Sky Umbrella Limited

Hanover House

Hanover Street

Liverpool

L1 3DZ

The director presents his report with the financial statements of the company for the year ended 31 January 2022.

DIRECTOR

R Mason held office during the whole of the period from 1 February 2021 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

R Mason - Director

15 June 2022

TURNOVER

2,210,162

600,141

Cost of sales

1,622,140

504,719

GROSS PROFIT

588,022

95,422

Distribution costs

104,983

13,655

Administrative expenses

157,070

81,601

262,053

95,256

OPERATING PROFIT

325,969

166

Interest receivable and similar income

-

150

PROFIT BEFORE TAXATION

325,969

316

Tax on profit

63,156

543

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

262,813

(227

)

CURRENT ASSETS

Debtors

4

433,332

100,702

Cash at bank

37,901

985

471,233

101,687

CREDITORS

Amounts falling due within one year

5

154,442

12,086

NET CURRENT ASSETS

316,791

89,601

TOTAL ASSETS LESS CURRENT LIABILITIES

316,791

89,601

CREDITORS

Amounts falling due after more than one year

6

31,061

57,952

NET ASSETS

285,730

31,649

RESERVES

Retained earnings

285,730

31,649

285,730

31,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 15 June 2022 and were signed by:

R Mason - Director

1.	STATUTORY INFORMATION

Work Force Staff Solutions 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.

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.

Taxation

Taxation for the year 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 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 1 (2021 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.22

31.1.21

£

£

Trade debtors

433,332

90,143

Other debtors

-

10,559

433,332

100,702

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.22

31.1.21

£

£

Trade creditors

-

(1

)

Taxation and social security

154,442

12,087

154,442

12,086

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.22

31.1.21

£

£

Other creditors

31,061

57,952