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Company Registration No. 07231195 (England and Wales)
Worthweld PT Ltd Unaudited accounts for the year ended 30 April 2023
Worthweld PT Ltd Unaudited accounts Contents
Page
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Worthweld PT Ltd Company Information for the year ended 30 April 2023
Director
D C Higgs
Company Number
07231195 (England and Wales)
Registered Office
5 Field End Maresfield Uckfield East Sussex TN22 2DJ
Accountants
Ladbroke Management Services Ltd 5 Field End Maresfield East Sussex TN22 2DJ
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Worthweld PT Ltd Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
899 
1,987 
Current assets
Inventories
720 
624 
Debtors
5,400 
3,825 
Cash at bank and in hand
29,934 
39,882 
36,054 
44,331 
Creditors: amounts falling due within one year
(7,124)
(7,681)
Net current assets
28,930 
36,650 
Total assets less current liabilities
29,829 
38,637 
Provisions for liabilities
Deferred tax
(171)
(378)
Net assets
29,658 
38,259 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
29,657 
38,258 
Shareholders' funds
29,658 
38,259 
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 November 2023 and were signed on its behalf by
D C Higgs Director Company Registration No. 07231195
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Worthweld PT Ltd Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
Worthweld PT Ltd is a private company, limited by shares, registered in England and Wales, registration number 07231195. The registered office is 5 Field End, Maresfield, Uckfield, East Sussex, TN22 2DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, in respect of services provided to clients.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on the straight line basis
Stocks
Work-in-progress is valued at the lower of cost and net realisable value. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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Worthweld PT Ltd Notes to the Accounts for the year ended 30 April 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 May 2022
17,303 
At 30 April 2023
17,303 
Depreciation
At 1 May 2022
15,316 
Charge for the year
1,088 
At 30 April 2023
16,404 
Net book value
At 30 April 2023
899 
At 30 April 2022
1,987 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,285 
3,825 
Other debtors
3,115 
- 
5,400 
3,825 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
244 
107 
Taxes and social security
6,880 
7,552 
Other creditors
- 
22 
7,124 
7,681 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Transactions with related parties
The company was under the control of Mr David Higgs who holds 100% of the company shares. During the year he was paid dividends of £36000 (2022: £28100). No other transactions required reporting.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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