REG - TheWorks.co.uk PLC - Publication of Annual Financial Report

Works co ukAnnouncement

31/08/2023 07:45

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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
(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
(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
(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 (mailto: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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