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WORTHY TECHNOLOGIES LIMITED

Registered Number
02714019
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

WORTHY TECHNOLOGIES LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

HADJIAN, Fatemah
SARRAF, Leila
SARRAF, Mohammadreza Aghamehdi
SARRAF, Roozbeh

Company Secretary

BERMAN, Derek Malcolm

Registered Address

8b Accommodation Road
London
NW11 8ED

Registered Number

02714019 (England and Wales)
WORTHY TECHNOLOGIES LIMITED
Balance Sheet as at
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets311,85510,867
11,85510,867
Current assets
Debtors715,4111,267,536
Cash at bank and on hand1,015,7951,548,413
1,731,2062,815,949
Creditors amounts falling due within one year4(270,831)(977,248)
Net current assets (liabilities)1,460,3751,838,701
Total assets less current liabilities1,472,2301,849,568
Net assets1,472,2301,849,568
Capital and reserves
Called up share capital15,00015,000
Profit and loss account1,457,2301,834,568
Shareholders' funds1,472,2301,849,568
The financial statements were approved and authorised for issue by the Board of Directors on 16 June 2025, and are signed on its behalf by:
SARRAF, Mohammadreza Aghamehdi
Director
Registered Company No. 02714019
WORTHY TECHNOLOGIES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings2525
Plant and machinery2525
Fixtures and fittings2525
Vehicles2525
Office Equipment2525
2.Average number of employees

20252024
Average number of employees during the year78
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 April 2475,35434,043109,397
Additions-4,9404,940
At 31 March 2575,35438,983114,337
Depreciation and impairment
At 01 April 2468,43030,10098,530
Charge for year1,7312,2213,952
At 31 March 2570,16132,321102,482
Net book value
At 31 March 255,1936,66211,855
At 31 March 246,9243,94310,867
4.Creditors: amounts due within one year

2025

2024

££
Bank borrowings and overdrafts1,885-
Taxation and social security5,296145,939
Other creditors263,650831,309
Total270,831977,248
5.Events after reporting date
There have been no significant events since the reporting date.
6.Related party transactions
During the year, total dividends of £400,000 (2024: £310,000) were paid to the holding company WorthyTec Holding Ltd.