TIDMWRKS
RNS Number : 8732K
TheWorks.co.uk PLC
31 August 2023
TheWorks.co.uk plc (the "Company")
31 August 2023
Publication of Annual Financial Report
TheWorks.co.uk plc has today published its Annual Report and
Accounts for the 52 weeks ended 30 April 2023 ('FY23 Annual
Report'). The Annual Report is available on the Company's website
at https://corporate.theworks.co.uk , and printed copies will be
posted to shareholders on 8 September 2023 along with the Notice of
the 2023 Annual General Meeting ('AGM') and associated Form of
Proxy. The Company's AGM will be held at Boldmere House, Faraday
Avenue, Hams Hall Distribution Park, Coleshill, Birmingham B46 1AL
on Wednesday 4 October 2023 at 9.00 a.m.
In compliance with LR 9.6.1 a copy of the Annual Report has been
submitted to the National Storage Mechanism for submission to the
Financial Conduct Authority and will shortly be available for
inspection at:
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
A condensed set of the TheWorks.co.uk plc financial statements,
including information on important events that have occurred during
the year and their impact on the financial statements, and a
description of the Group's principal risks and uncertainties, were
included in the Company's Preliminary Results for the 52 weeks
ended 30 April 2023 released on 30 August 2023. To view the
Preliminary Results announcement, visit the Company website at
https://corporate.theworks.co.uk/investors . That information,
together with the information set out in the Appendix below, which
is extracted from the FY23 Annual Report, constitute the
information required under DTR 6.3.5R to be communicated to the
media in unedited full text through a Regulatory Information
Service.
This announcement is not a substitute for reading the FY23
Annual Report. Cross-references and page numbers in the extracted
information below refer to sections in the FY23 Annual Report. The
information contained in this announcement and in the Preliminary
Results announcement does not constitute the Group's statutory
accounts but is derived from those accounts. The statutory accounts
for the 52 weeks ended 30 April 2023 have been approved by the
Board and will be delivered to the Registrar of Companies.
Enquiries:
TheWorks.co.uk plc via Sanctuary Counsel
Gavin Peck, CEO
Steve Alldridge, CFO
Sanctuary Counsel
Ben Ullmann 0207 340 0395
Rachel Miller theworks@sanctuarycounsel.com
Kitty Ryder
APPENDIX
Statement of Directors' Responsibilities (FY23 Annual Report -
page 89)
The Directors are responsible for preparing the Annual Report
and the Group and Parent Company financial statements in accordance
with applicable law and regulations.
Company law requires the Directors to prepare Group and Parent
Company financial statements for each financial year. Under that
law, they are required to prepare the Group financial statements in
accordance with UK adopted International Accounting Standards and
applicable law and have elected to prepare the Parent Company
financial statements in accordance with UK accounting standards and
applicable law, including FRS 101 Reduced Disclosure Framework.
Under company law, the Directors must not approve the financial
statements unless they are satisfied that they give a true and fair
view of the state of affairs of the Group and Parent Company and of
the Group's profit or loss for that period. In preparing each of
the Group and Parent Company financial statements, the Directors
are required to:
-- select suitable accounting policies and then apply them consistently;
-- make judgements and estimates that are reasonable, relevant, reliable and prudent;
-- for the Group financial statements, state whether they have
been prepared in accordance with UK adopted International
Accounting Standards;
-- for the Parent Company annual statements, state whether
applicable UK accounting standards have been followed, subject to
any material departures disclosed and explained in the Parent
Company financial statements;
-- assess the Group and Parent Company's ability to continue as
a going concern, disclosing, as applicable, matters related to
going concern; and
-- use the going concern basis of accounting unless they either
intend to liquidate the Group or the Parent Company or to cease
operations, or have no realistic alternative but to do so.
The Directors are responsible for keeping adequate accounting
records that are sufficient to show and explain the Parent
Company's transactions and disclose with reasonable accuracy at any
time the financial position of the Parent Company and enable them
to ensure that its financial statements comply with the Companies
Act 2006. They are responsible for such internal control as they
determine is necessary to enable the preparation of financial
statements that are free from material misstatement, whether due to
fraud or error, and have general responsibility for taking such
steps as are reasonably open to them to safeguard the assets of the
Group and to prevent and detect fraud and other irregularities.
Under applicable law and regulations, the Directors are also
responsible for preparing a Strategic Report, Directors' Report,
Directors' Remuneration Report and Corporate Governance Statement
that complies with that law and those regulations.
The Directors are responsible for the maintenance and integrity
of the corporate and financial information included on the
company's website. Legislation in the UK governing the preparation
and dissemination of financial statements may differ from
legislation in other jurisdictions.
Responsibility statement of the Directors in respect of the
Annual Financial Report
We confirm that to the best of our knowledge:
-- the financial statements, prepared in accordance with the
applicable set of accounting standards, give a true and fair view
of the assets, liabilities, financial position and profit or loss
of the Company and the undertakings included in the consolidation
taken as a whole; and
-- the Strategic report includes a fair review of the
development and performance of the business and the position of the
issuer and the undertaking included in the consolidation taken as a
whole, together with a description of the principal risks and
uncertainties that they face.
We consider that the Annual Report and Accounts, taken as a
whole, is fair, balanced and understandable and provides the
information necessary for shareholders to assess the Group's
position and performance, business model and strategy.
By order of the Board
Gavin Peck
Chief Executive Officer
30 August 2023
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END
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