During the year, total dividends of £139,000 (2022 - £90,376) were paid to the directors.
The company is controlled by Mr P Worthington and Mrs C Worthington by virtue of their shareholdings.
Hullo Creative Ltd is a subsidiary of the company. Worthers Limited traded with Hullo Creative Ltd during the accounting period generating sales transactions of £0 (2022: £89). All transactions were undertaken on an arms length basis at market value.
The company maintaned a loan to Hullo Creative Ltd during the accounting period in respect of which the balance outstanding as at 31 December 2023 is £886. An amount of £19,472 is considered to be irrecoverable (refer to Note 15 of these financial statements).
Mr & Mrs Worthington are directors and shareholders of Breathe Success Limited. Worthers Limited traded with Breathe Success Limited during the accounting period generating sales transactions of £12 (2022: £12). All transactions were undertaken on an arms length basis at market value.
The company maintaned a loan to Breathe Success Limited during the accounting period. The amount owed to the company as at 31 December 2023 was £100,000 (2022: £50,000).
Other than movements on the shareholder's loan accounts with the company, there were no other advances, credits and guarantees with the shareholders during the accounting period.
All of the above loans are unsecured, interest free and repayable on demand.