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REGISTERED NUMBER: 09228115 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

WORZALS LTD

WORZALS LTD (REGISTERED NUMBER: 09228115)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WORZALS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J R Claydon
J L Curson





REGISTERED OFFICE: 52 Baptist Road
Upwell
Cambridgeshire
PE14 9EY





REGISTERED NUMBER: 09228115 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

WORZALS LTD (REGISTERED NUMBER: 09228115)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,177,881 856,159

CURRENT ASSETS
Stocks 674,883 683,015
Debtors 5 60,792 141,091
Cash in hand 347 628
736,022 824,734
CREDITORS
Amounts falling due within one year 6 972,007 754,868
NET CURRENT (LIABILITIES)/ASSETS (235,985 ) 69,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

941,896

926,025

CREDITORS
Amounts falling due after more than one
year

7

(306,411

)

(363,732

)

PROVISIONS FOR LIABILITIES (97,548 ) (73,355 )
NET ASSETS 537,937 488,938

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 537,935 488,936
SHAREHOLDERS' FUNDS 537,937 488,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Profit and Loss Account has not been delivered.

WORZALS LTD (REGISTERED NUMBER: 09228115)

BALANCE SHEET - continued
31 MARCH 2024



The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





J R Claydon - Director


WORZALS LTD (REGISTERED NUMBER: 09228115)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Worzals Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements include the results of the company's operations all of which are continuing. The financial statements have been prepared on a going concern basis. This may not be appropriate because at 31st March 2024 the company's current liabilities exceeded its current assets by £238,149 and total liabilities of the company were £1,378,040. The company is reliant upon the continued support of its directors, bank and creditors, but there is no evidence to suggest that this will not continue and that further funds will not be provided as necessary to enable the company to continue as a going concern.

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.
Freehold property - Straight line over 25 years
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, 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.

WORZALS LTD (REGISTERED NUMBER: 09228115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 55 (2023 - 55 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 647,619 189,802 170,884 34,550 1,042,855
Additions 260,355 38,792 98,148 4,271 401,566
At 31 March 2024 907,974 228,594 269,032 38,821 1,444,421
DEPRECIATION
At 1 April 2023 84,878 44,958 37,872 18,988 186,696
Charge for year 35,406 16,851 22,896 4,691 79,844
At 31 March 2024 120,284 61,809 60,768 23,679 266,540
NET BOOK VALUE
At 31 March 2024 787,690 166,785 208,264 15,142 1,177,881
At 31 March 2023 562,741 144,844 133,012 15,562 856,159

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 51,828 129,933
Other debtors 6,453 -
Prepayments 2,511 11,158
60,792 141,091

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 138,181 165,679
Hire purchase contracts 68,188 38,278
Trade creditors 206,555 323,229
Amounts owed to group undertakings 55,350 -
Tax 4,891 29,496
Social security and other taxes 165,802 94,611
VAT 140,803 47,803
Other creditors 166,598 30,088
Director's current account 4,725 4,954
Accruals and deferred income 20,914 20,730
972,007 754,868

WORZALS LTD (REGISTERED NUMBER: 09228115)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 81,667 81,667
Bank loans - 2-5 years 93,472 175,138
Hire purchase contracts 131,272 106,927
306,411 363,732

8. SECURED DEBTS

HSBC Bank Plc hold a fixed and floating charge over all assets of the company.

9. ULTIMATE CONTROLLING PARTY

The controlling parties are J Claydon and J Curson by virtue of their 100% ownership of the issued share capital.