REG - TheWorks.co.uk PLC - Annual Financial Report and Notice of the AGM

Works co ukAnnouncement

03/10/2022 09:15

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RNS Number : 4396B  TheWorks.co.uk PLC  03 October 2022

TheWorks.co.uk plc (the "Company")

3 October 2022

Publication of Annual Financial Report and Notice of the Annual General
Meeting

TheWorks.co.uk plc has today published the following documents:

• Annual Report and Accounts for the 52 weeks ended 1 May 2022 ('FY22 Annual
Report')

• Notice of 2022 Annual General Meeting ("AGM")

• Form of Proxy and Notice of Availability for the 2022 AGM

These documents are 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 today. The Company's AGM will be
held on Thursday 27 October 2022 at 9.00 a.m.

In compliance with LR 9.6.1 copies of the above documents have 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 1 May 2022, released on 23 September 2022. 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
FY22 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 FY22 Annual Report.
Cross-references and page numbers in the extracted information below refer to
sections in the FY22 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 1 May 2022 have been approved by the
Board and will be delivered to the Registrar of Companies following the
Company's AGM.

 Enquiries:

 TheWorks.co.uk plc     via Sanctuary Counsel

 Gavin Peck, CEO

 Steve Alldridge, CFO

 Sanctuary Counsel

 Ben Ullmann            +44 7944 868288        | theworks@sanctuarycounsel.com

 Rachel Miller          +44 7918 606667        |

 

APPENDIX

Statement of Directors' Responsibilities (FY22 Annual Report - page 84)

The Directors are responsible for preparing the Annual Report and the Group
and Parent Company financial statements in accordance with applicable law and
regulations. The Company is required to include these financial statements in
an annual financial report prepared using the single electronic reporting
format specified in the TD ESEF Regulation.

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
International Accounting Standards in conformity with the requirements of UK
adopted International Accounting Standards and applicable law and have elected
to prepare the Parent Company financial statements in accordance with
accounting standards 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 their 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 annual statements, state whether they have been prepared in
accordance with International Accounting Standards in conformity with the
requirements of UK adopted International Accounting Standards;

• for the Parent Company annual statements, state whether appropriate UK
accounting standards have been followed, subject to any material departures
disclosed and explained in the Parent Company annual 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 that 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 report that comply 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
undertakings 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.

 

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