Work Force Staff Solutions Ltd - Limited company accounts 23.1

REGISTERED NUMBER: 10587734 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 January 2023

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 2023.

DIRECTOR

R Mason held office during the whole of the period from 1 February 2022 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

23 August 2023

TURNOVER

2,205,917

2,210,162

Cost of sales

1,584,413

1,622,140

GROSS PROFIT

621,504

588,022

Distribution costs

139,115

104,983

Administrative expenses

316,506

157,070

455,621

262,053

OPERATING PROFIT and

PROFIT BEFORE TAXATION

165,883

325,969

Tax on profit

33,241

63,156

PROFIT FOR THE FINANCIAL YEAR

132,642

262,813

FIXED ASSETS

Tangible assets

4

250,000

-

CURRENT ASSETS

Debtors

5

230,183

433,332

Cash at bank

60,277

37,901

290,460

471,233

CREDITORS

Amounts falling due within one year

6

132,548

154,442

NET CURRENT ASSETS

157,912

316,791

TOTAL ASSETS LESS CURRENT
LIABILITIES

407,912

316,791

CREDITORS

Amounts falling due after more than
one year

7

14,540

31,061

NET ASSETS

393,372

285,730

RESERVES

Retained earnings

393,372

285,730

393,372

285,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 23 August 2023 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.

Tangible fixed assets

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

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 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

Additions

250,000

At 31 January 2023

250,000

NET BOOK VALUE

At 31 January 2023

250,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

Trade debtors

230,183

433,332

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

Taxation and social security

75,746

154,442

Other creditors

56,802

-

132,548

154,442

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.1.23

31.1.22

£

Other creditors

14,540

31,061