REGISTERED NUMBER: 05240252 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Workspace Design And Build Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R M J Davis

D M G Barfield

I Reynolds

SECRETARY:

D M G Barfield

REGISTERED OFFICE:

Cornwall Buildings

45 - 51 Newhall Street

Birmingham

West Midlands

B3 3QR

REGISTERED NUMBER:

05240252 (England and Wales)

ACCOUNTANTS:

MulliganWilliams

4 Long Street

Stoney Stanton

LEICESTER

LE9 4DQ

FIXED ASSETS

Tangible assets

2

14,115

918

CURRENT ASSETS

Stocks

132,191

135,612

Debtors

1,267,809

313,243

Cash at bank

318,141

113,295

1,718,141

562,150

CREDITORS

Amounts falling due within one year

1,579,369

452,918

NET CURRENT ASSETS

138,772

109,232

TOTAL ASSETS LESS CURRENT LIABILITIES

152,887

110,150

CREDITORS

Amounts falling due after more than one year

(7,497

)

-

PROVISIONS FOR LIABILITIES

(2,221

)

-

NET ASSETS

143,169

110,150

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

143,069

110,050

SHAREHOLDERS' FUNDS

143,169

110,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 1 August 2014 and were signed on its behalf by:

R M J Davis - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Equipment

-

50% on cost

Motor vehicles

-

25% on cost

Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads. Provision is made for any

foreseeable losses where appropriate. Where the company undertakes developments, work in progress includes

the attributable costs after deducting amounts taken to cost of sales less payments received.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

27,348

Additions

16,140

Disposals

(12,200

)

At 31 March 2014

31,288

DEPRECIATION

At 1 April 2013

26,430

Charge for year

2,943

Eliminated on disposal

(12,200

)

At 31 March 2014

17,173

NET BOOK VALUE

At 31 March 2014

14,115

At 31 March 2013

918

3.	CALLED UP SHARE CAPITAL

Allotted,issued and fully paid:

Number:

Class:

Nominal Value

31.3.14

31.3.13

6998

Ordinary A

£0.01

69.98

70.00

2993

Ordinary B

£0.01

29.93

30.00

1

Ordinary C

£0.01

0.01

-

1

Ordinary D

£0.01

0.01

-

1

Ordinary E

£0.01

0.01

-

1

Ordinary F

£0.01

0.01

-

1

Ordinary G

£0.01

0.01

-

1

Ordinary H

£0.01

0.01

-

1

Ordinary I

£0.01

0.01

-

1

Ordinary J

£0.01

0.01

-

1

Ordinary K

£0.01

0.01

-

100.00

100.00

=======

=======

On the 25 March 2014, a special resolution was passed:

1 'A' & 2 'B' Ordinary £0.01shares held by R M J Davis were re-designated to 1 ' C' , 1 'D' & 1 'E' Ordinary

£0.01 shares respectively.

1 'A' & 2 'B' Ordinary £0.01 shares held by D M G Barfield were re-designated to 1 'E', 1 'F' & 1 'J' Ordinary

£0.01shares respectively.

3 'B' Ordinary £0.01 shares held by I Reynolds were re-designated to 1 'G' ,1 'H' & 1 'K' Ordinary £0.01 shares

respectively.

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the start of the year Mr R M J Davis had a loan account balance of £66 in hand. During the year he was

advanced £79,848 and credited with £79,823 leaving a balance in hand of £41 at the year end.

At the start of the year Mr D M G Barfield had a loan account balance of £2,639 in hand. During the year he was

advanced £78,736 and credited with £76,112 leaving a balance in hand of £15 at the year end.

At the start of the year Mr I Reynolds had a loan account balance of £82 in hand. During the year he was

advanced £52,173 and credited with £52,102 leaving a balance in hand of £11 at the year end.