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REGISTERED NUMBER: 13076914 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

WORTHY INC LIMITED

WORTHY INC LIMITED (Registered number: 13076914)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


WORTHY INC LIMITED (Registered number: 13076914)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 3,598 4,130

Current assets
Debtors 5 338 20,138
Cash at bank 268,023 174,166
268,361 194,304
Creditors
Amounts falling due within one year 6 150,864 113,951
Net current assets 117,497 80,353
Total assets less current liabilities 121,095 84,483

Capital and reserves
Called up share capital 1 1
Retained earnings 121,094 84,482
121,095 84,483

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

WORTHY INC LIMITED (Registered number: 13076914)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 June 2024 and were signed by:





G Hackworthy - Director


WORTHY INC LIMITED (Registered number: 13076914)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

WORTHY INC LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13076914

Registered office: Pound House
62a Highgate High Street
London
N6 5HX

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


WORTHY INC LIMITED (Registered number: 13076914)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 January 2023 2,112 4,978 7,090
Additions 1,346 142 1,488
At 31 December 2023 3,458 5,120 8,578
Depreciation
At 1 January 2023 501 2,459 2,960
Charge for year 773 1,247 2,020
At 31 December 2023 1,274 3,706 4,980
Net book value
At 31 December 2023 2,184 1,414 3,598
At 31 December 2022 1,611 2,519 4,130

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 338 20,138

WORTHY INC LIMITED (Registered number: 13076914)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors - 209
Corporation tax 22,673 17,389
VAT 2,327 747
Other creditors 3,028 678
Directors' current accounts 122,836 94,928
150,864 113,951

7. Ultimate controlling party

The controlling party is G Hackworthy.