2023-01-012023-12-312023-12-31false01234904WORTH PUBLISHING LTD.2024-03-1158110iso4217:GBPxbrli:pure012349042023-01-01012349042023-12-31012349042023-01-012023-12-31012349042022-01-01012349042022-12-31012349042022-01-012022-12-3101234904bus:SmallEntities2023-01-012023-12-3101234904bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3101234904bus:FullAccounts2023-01-012023-12-3101234904bus:PrivateLimitedCompanyLtd2023-01-012023-12-3101234904core:WithinOneYear2023-12-3101234904core:AfterOneYear2023-12-3101234904core:WithinOneYear2022-12-3101234904core:AfterOneYear2022-12-3101234904core:ShareCapital2023-12-3101234904core:SharePremium2023-12-3101234904core:RevaluationReserve2023-12-3101234904core:OtherReservesSubtotal2023-12-3101234904core:RetainedEarningsAccumulatedLosses2023-12-3101234904core:ShareCapital2022-12-3101234904core:SharePremium2022-12-3101234904core:RevaluationReserve2022-12-3101234904core:OtherReservesSubtotal2022-12-3101234904core:RetainedEarningsAccumulatedLosses2022-12-3101234904core:LandBuildings2023-12-3101234904core:PlantMachinery2023-12-3101234904core:Vehicles2023-12-3101234904core:FurnitureFittings2023-12-3101234904core:OfficeEquipment2023-12-3101234904core:NetGoodwill2023-12-3101234904core:IntangibleAssetsOtherThanGoodwill2023-12-3101234904core:ListedExchangeTraded2023-12-3101234904core:UnlistedNon-exchangeTraded2023-12-3101234904core:LandBuildings2022-12-3101234904core:PlantMachinery2022-12-3101234904core:Vehicles2022-12-3101234904core:FurnitureFittings2022-12-3101234904core:OfficeEquipment2022-12-3101234904core:NetGoodwill2022-12-3101234904core:IntangibleAssetsOtherThanGoodwill2022-12-3101234904core:ListedExchangeTraded2022-12-3101234904core:UnlistedNon-exchangeTraded2022-12-3101234904core:LandBuildings2023-01-012023-12-3101234904core:PlantMachinery2023-01-012023-12-3101234904core:Vehicles2023-01-012023-12-3101234904core:FurnitureFittings2023-01-012023-12-3101234904core:OfficeEquipment2023-01-012023-12-3101234904core:NetGoodwill2023-01-012023-12-3101234904core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3101234904core:ListedExchangeTraded2023-01-012023-12-3101234904core:UnlistedNon-exchangeTraded2023-01-012023-12-3101234904core:MoreThanFiveYears2023-01-012023-12-3101234904core:Non-currentFinancialInstruments2023-12-3101234904core:Non-currentFinancialInstruments2022-12-3101234904dpl:CostSales2023-01-012023-12-3101234904dpl:DistributionCosts2023-01-012023-12-3101234904core:LandBuildings2023-01-012023-12-3101234904core:PlantMachinery2023-01-012023-12-3101234904core:Vehicles2023-01-012023-12-3101234904core:FurnitureFittings2023-01-012023-12-3101234904core:OfficeEquipment2023-01-012023-12-3101234904dpl:AdministrativeExpenses2023-01-012023-12-3101234904core:NetGoodwill2023-01-012023-12-3101234904core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3101234904dpl:GroupUndertakings2023-01-012023-12-3101234904dpl:ParticipatingInterests2023-01-012023-12-3101234904dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3101234904core:ListedExchangeTraded2023-01-012023-12-3101234904dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3101234904core:UnlistedNon-exchangeTraded2023-01-012023-12-3101234904dpl:CostSales2022-01-012022-12-3101234904dpl:DistributionCosts2022-01-012022-12-3101234904core:LandBuildings2022-01-012022-12-3101234904core:PlantMachinery2022-01-012022-12-3101234904core:Vehicles2022-01-012022-12-3101234904core:FurnitureFittings2022-01-012022-12-3101234904core:OfficeEquipment2022-01-012022-12-3101234904dpl:AdministrativeExpenses2022-01-012022-12-3101234904core:NetGoodwill2022-01-012022-12-3101234904core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3101234904dpl:GroupUndertakings2022-01-012022-12-3101234904dpl:ParticipatingInterests2022-01-012022-12-3101234904dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3101234904core:ListedExchangeTraded2022-01-012022-12-3101234904dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3101234904core:UnlistedNon-exchangeTraded2022-01-012022-12-3101234904core:NetGoodwill2023-12-3101234904core:IntangibleAssetsOtherThanGoodwill2023-12-3101234904core:LandBuildings2023-12-3101234904core:PlantMachinery2023-12-3101234904core:Vehicles2023-12-3101234904core:FurnitureFittings2023-12-3101234904core:OfficeEquipment2023-12-3101234904core:AfterOneYear2023-12-3101234904core:WithinOneYear2023-12-3101234904core:ListedExchangeTraded2023-12-3101234904core:UnlistedNon-exchangeTraded2023-12-3101234904core:ShareCapital2023-12-3101234904core:SharePremium2023-12-3101234904core:RevaluationReserve2023-12-3101234904core:OtherReservesSubtotal2023-12-3101234904core:RetainedEarningsAccumulatedLosses2023-12-3101234904core:NetGoodwill2022-12-3101234904core:IntangibleAssetsOtherThanGoodwill2022-12-3101234904core:LandBuildings2022-12-3101234904core:PlantMachinery2022-12-3101234904core:Vehicles2022-12-3101234904core:FurnitureFittings2022-12-3101234904core:OfficeEquipment2022-12-3101234904core:AfterOneYear2022-12-3101234904core:WithinOneYear2022-12-3101234904core:ListedEx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WORTH PUBLISHING LTD.

Registered Number
01234904
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

WORTH PUBLISHING LTD.
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

WOOD, A J
WOOD, M L

Company Secretary

WOOD, M L

Registered Address

Highgate Cottage
Cheltenham Road
Broadway
WR12 7BX

Registered Number

01234904 (England and Wales)
WORTH PUBLISHING LTD.
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets31,750-
1,750-
Current assets
Stocks521,62512,791
Debtors19,30527,332
Cash at bank and on hand84,92398,510
125,853138,633
Creditors amounts falling due within one year7(8,340)(9,850)
Net current assets (liabilities)117,513128,783
Total assets less current liabilities119,263128,783
Net assets119,263128,783
Capital and reserves
Called up share capital1,0001,000
Profit and loss account118,263127,783
Shareholders' funds119,263128,783
The financial statements were approved and authorised for issue by the Board of Directors on 11 March 2024, and are signed on its behalf by:
WOOD, M L
Director
Registered Company No. 01234904
WORTH PUBLISHING LTD.
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year00
3.Intangible assets

Other

Total

££
Cost or valuation
Additions2,0002,000
At 31 December 232,0002,000
Amortisation and impairment
Charge for year250250
At 31 December 23250250
Net book value
At 31 December 231,7501,750
At 31 December 22--
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 231,2741,274
At 31 December 231,2741,274
Depreciation and impairment
At 01 January 231,2741,274
At 31 December 231,2741,274
Net book value
At 31 December 23--
At 31 December 22--
5.Stocks

2023

2022

££
Finished goods21,62512,791
Total21,62512,791
6.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables14,20618,671
Other debtors2,8123,136
Prepayments and accrued income2,2875,525
Total19,30527,332
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables27981
Taxation and social security642-
Accrued liabilities and deferred income7,4199,769
Total8,3409,850
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Related party transactions
Transactions with the director M Wood At 1 January 2023 £0 Advances to director £48,554 Repayments by director (£48,554) At 31 December 2023 £0 Prior year At 1 January 2022 £12,500 Advances to director £45,261 Repayments by director (£57,761) At 31 December 2022 £0