Work Creative Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06056795 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2022

FOR

WORK CREATIVE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W D Hands

D J Lee

SECRETARY:

J A Hands

REGISTERED OFFICE:

Second Floor West Stand

Keepmoat Stadium

Stadium Way

Doncaster

South Yorkshire

DN4 5JW

REGISTERED NUMBER:

06056795 (England and Wales)

FIXED ASSETS

Tangible assets

4

779

2,510

CURRENT ASSETS

Debtors

5

44,719

32,957

Cash at bank

21,258

28,619

65,977

61,576

CREDITORS

Amounts falling due within one year

6

34,082

27,561

NET CURRENT ASSETS

31,895

34,015

TOTAL ASSETS LESS CURRENT LIABILITIES

32,674

36,525

CREDITORS

Amounts falling due after more than one year

7

(25,970

)

(28,115

)

PROVISIONS FOR LIABILITIES

(148

)

(477

)

NET ASSETS

6,556

7,933

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6,456

7,833

SHAREHOLDERS' FUNDS

6,556

7,933

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2022 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 23rd January 2023 and were signed on its behalf by:

W D Hands - Director

1.	STATUTORY INFORMATION

Work Creative 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

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 4 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st February 2021

and 31st January 2022

14,557

DEPRECIATION

At 1st February 2021

12,047

Charge for year

1,731

At 31st January 2022

13,778

NET BOOK VALUE

At 31st January 2022

779

At 31st January 2021

2,510

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

44,719

32,957

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

3,035

3,741

Trade creditors

16,168

7,970

Taxation and social security

13,879

14,850

Other creditors

1,000

1,000

34,082

27,561

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

25,970

28,115

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

13,041

4,220

8.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Bank loans

-

1,855

9.	ULTIMATE CONTROLLING PARTY

The controlling party is W D Hands.