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Registered Number: 11135636
England and Wales

 

 

 

WORTHINGTON LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
Director Mr Simon Feurstein
Registered Number 11135636
Registered Office 167 Montague Street
Worthing
BN11 3BZ
Accountants Worth Knowing Accountants Ltd
7 Bell Yard
London
WC2A 2JR
Secretary Simon Feurstein
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 January 2024
Principal activities
The company's principal activity is Licensed restaurants.
Director
The director who served the company throughout the year was as follows:
Mr Simon Feurstein
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director 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 company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within part 15 of the companies Act 2006.

On behalf of the board.


----------------------------------
Mr Simon Feurstein
Director

Date approved: 07 October 2024
2
Accountants report
You consider that the company is exempt from an audit for the year ended 31 January 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Worth Knowing Accountants Ltd
31 January 2024



....................................................
Worth Knowing Accountants Ltd
7 Bell Yard
London
WC2A 2JR
07 October 2024
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 18,027    18,544 
18,027    18,544 
Current assets      
Debtors 4 5,796    5,360 
Cash at bank and in hand 34,195    26,088 
39,991    31,448 
Creditors: amount falling due within one year 5 (42,312)   (40,568)
Net current assets (2,321)   (9,120)
 
Total assets less current liabilities 15,706    9,424 
Creditors: amount falling due after more than one year 6 (33,092)   (51,365)
Provisions for liabilities 7 (564)   (3,523)
Net assets (17,950)   (45,464)
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account (17,951)   (45,465)
Shareholders' funds (17,950)   (45,464)
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 07 October 2024 and were signed by:


-------------------------------
Mr Simon Feurstein
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 February 2022 1  (34,006) (34,005)
Profit for the year (11,459) (11,459)
Total comprehensive income for the year (11,459) (11,459)
Total investments by and distributions to owners
At 31 January 2023 1  (45,465) (45,464)
At 01 February 2023 1  (45,465) (45,464)
Profit for the year 27,514  27,514 
Total comprehensive income for the year 27,514  27,514 
Total investments by and distributions to owners
At 31 January 2024 1  (17,951) (17,950)
5
General Information
Worthington Limited is a private company, limited by shares, registered in England and Wales, registration number 11135636, registration address 167 Montague Street, Worthing, BN11 3BZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 12 (2023 : 12).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Fixtures and Fittings   Total
  £   £   £   £
At 01 February 2023 13,980    14,025    138    28,143 
Additions   713      713 
Disposals      
At 31 January 2024 13,980    14,738    138    28,856 
Depreciation
At 01 February 2023   9,494    105    9,599 
Charge for year   1,222    8    1,230 
On disposals      
At 31 January 2024   10,716    113    10,829 
Net book values
Closing balance as at 31 January 2024 13,980    4,022    25    18,027 
Opening balance as at 01 February 2023 13,980    4,531    33    18,544 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Prepayments 4,296    3,760 
Other debtors 1,500    1,600 
5,796    5,360 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 2,118    2,420 
Other taxes and social security 2,340    3,586 
Accruals and deferred income 750    750 
Wages & Salaries Control Account 620   
Directors loan account 18,777    15,491 
VAT 17,707    18,321 
42,312    40,568 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank loans 33,092    51,365 
33,092    51,365 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax   3,523 
Pension Provisions 564   
564    3,523 

6