Workshop 2 Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05372731 (England and Wales)

Abridged Unaudited Financial Statements for the Year Ended 28 February 2017

for

Workshop 2 Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountant's Report

5

DIRECTORS:

J Henderson-Quartey

A T Stevenson

SECRETARY:

R Long TD MA

REGISTERED OFFICE:

12 Stacy Road

Tonbridge

Kent

TN10 2AR

REGISTERED NUMBER:

05372731 (England and Wales)

ACCOUNTANT:

S J Morrell

Chartered Accountant

The Triangle

Grafton Villas

Leeds

West Yorkshire

LS15 8SH

FIXED ASSETS

Tangible assets

4

50,617

46,047

CURRENT ASSETS

Stocks

54,720

60,375

Debtors

58,025

61,144

Cash at bank and in hand

9,156

3,980

121,901

125,499

CREDITORS

Amounts falling due within one year

100,534

110,161

NET CURRENT ASSETS

21,367

15,338

TOTAL ASSETS LESS CURRENT LIABILITIES

71,984

61,385

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

71,884

61,285

SHAREHOLDERS' FUNDS

71,984

61,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 3 November 2017 and were signed on its behalf by:

J Henderson-Quartey - Director

1.	STATUTORY INFORMATION

Workshop 2 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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

-

20% on cost

Fixtures, Fittings & Equipment

-

20% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2016 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2016

124,465

Additions

10,082

At 28 February 2017

134,547

DEPRECIATION

At 1 March 2016

78,418

Charge for year

5,512

At 28 February 2017

83,930

NET BOOK VALUE

At 28 February 2017

50,617

At 29 February 2016

46,047

The following reproduces the text of the report prepared for the directors and members in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance

Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the

Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial

statements of Workshop 2 Limited for the year ended 28 February 2017 which comprise the Income Statement, Abridged Balance

Sheet, and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Workshop 2 Limited, as a body, in accordance with the terms of my engagement letter dated 9 September 2016. My work has been undertaken solely to prepare for your approval the financial statements of Workshop 2 Limited and state those matters that I have agreed to state to the Board of Directors of Workshop 2 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Workshop 2 Limited Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Workshop 2 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Workshop 2 Limited. You consider that Workshop 2 Limited is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Workshop 2 Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

S J Morrell

Chartered Accountant

The Triangle

Grafton Villas

Leeds

West Yorkshire

LS15 8SH

Date: .............................................