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REGISTERED NUMBER: 09563570 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Worthington Owen Limited

Worthington Owen Limited (Registered number: 09563570)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Worthington Owen Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A P Owen
M J M Worthington





REGISTERED OFFICE: 28
Bixteth Street
Liverpool
Merseyside
L3 9UH





REGISTERED NUMBER: 09563570 (England and Wales)






Worthington Owen Limited (Registered number: 09563570)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,557 104,221
Investments 5 50,000 50,000
131,557 154,221

CURRENT ASSETS
Debtors 6 101,253 155,213
Cash at bank 347,094 145,747
448,347 300,960
CREDITORS
Amounts falling due within one year 7 297,872 263,792
NET CURRENT ASSETS 150,475 37,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

282,032

191,389

PROVISIONS FOR LIABILITIES 15,293 22,997
NET ASSETS 266,739 168,392

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 266,637 168,290
266,739 168,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Worthington Owen Limited (Registered number: 09563570)

Balance Sheet - continued
30 April 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





A P Owen - Director


Worthington Owen Limited (Registered number: 09563570)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Worthington Owen Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

Worthington Owen Limited (Registered number: 09563570)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 61,095 204,801 14,573 280,469
Additions - - 1,039 1,039
At 30 April 2024 61,095 204,801 15,612 281,508
DEPRECIATION
At 1 May 2023 33,987 128,467 13,794 176,248
Charge for year 4,066 19,084 553 23,703
At 30 April 2024 38,053 147,551 14,347 199,951
NET BOOK VALUE
At 30 April 2024 23,042 57,250 1,265 81,557
At 30 April 2023 27,108 76,334 779 104,221

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 50,000
NET BOOK VALUE
At 30 April 2024 50,000
At 30 April 2023 50,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 97,420 151,380
Other debtors 3,833 3,833
101,253 155,213

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 41,144 25,692
Taxation and social security 142,478 130,744
Other creditors 114,250 107,356
297,872 263,792