Howard Worth Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14320853

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,413,125		1,413,125
Investments	5		100		100

			1,413,225		1,413,225
CURRENT ASSETS
Debtors	6	59,942		135,655
Cash at bank and in hand		23,507		25,013

		83,449		160,668
Creditors: Amounts Falling Due Within One Year	7	(124,823 )		(104,012 )

NET CURRENT ASSETS (LIABILITIES)			(41,374 )		56,656

TOTAL ASSETS LESS CURRENT LIABILITIES			1,371,851		1,469,881

Creditors: Amounts Falling Due After More Than One Year	8		(545,527 )		(678,765 )

NET ASSETS			826,324		791,116

CAPITAL AND RESERVES
Called up share capital	9		790,663		790,663
Profit and Loss Account			35,661		453

SHAREHOLDERS' FUNDS			826,324		791,116

Page 1

Page 2

Howard Worth Ltd

Balance Sheet (continued)

As At 31 December 2024

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

G P Makin

Director

28 April 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Howard Worth Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14320853 . The registered office is 1 Allum Brook Barns, London Road, Holmes Chapel, Cheshire, CW4 8AX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill represents the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It has been determined by the directors that the residual value of the goodwill asset can be accurately determined on the basis of there being an active market for the asset which is expected to still exist at the end of its life. Amortisation is only applied on any difference between its cost and residual value if there is any. The directors review this on an annual basis.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 3)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	1,413,125

As at 31 December 2024	1,413,125

Net Book Value
As at 31 December 2024	1,413,125

As at 1 January 2024	1,413,125

5. Investments

	Subsidiaries
	£
Cost
As at 1 January 2024	100

As at 31 December 2024	100

Provision
As at 1 January 2024	-

As at 31 December 2024	-

...CONTINUED

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Howard Worth Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	100

As at 1 January 2024	100

6. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Prepayments and accrued income	33,942	42,608
Amounts owed by subsidiaries	26,000	93,047

	59,942	135,655

7. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Bank loans and overdrafts	87,092	74,894
Other loans	37,581	29,118
Accruals and deferred income	150	-

	124,823	104,012

Of the creditors due within one year, £87,092 (2023 - £74,894) is secured under a fixed and floating charge over all the property and undertaking of the company which was dated 30 November 2023.

8. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	31 December 2023
	£	£
Bank loans	490,040	577,291
Other loans	55,487	101,474

	545,527	678,765

Of the creditors due after more than one year, £490,040 (2023 - £577,291) is secured under a fixed and floating charge over all the property and undertaking of the company which was dated 30 November 2023.

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Howard Worth Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	790,663	790,663