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MS & TA Worth Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08400964
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 702,792 803,548
702,792 803,548
CURRENT ASSETS
Stocks 1,157,197 1,265,750
Debtors 6 305,116 255,469
Cash at bank and in hand 9,531 202,290
1,471,844 1,723,509
Creditors: Amounts Falling Due Within One Year 7 (599,673 ) (1,232,517 )
NET CURRENT ASSETS (LIABILITIES) 872,171 490,992
TOTAL ASSETS LESS CURRENT LIABILITIES 1,574,963 1,294,540
Creditors: Amounts Falling Due After More Than One Year 8 (1,112,367 ) (804,349 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (107,477 ) (123,345 )
NET ASSETS 355,119 366,846
CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Profit and Loss Account 305,119 316,846
SHAREHOLDERS' FUNDS 355,119 366,846
Page 1
Page 2
For the year ending 30 September 2025 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
Mrs T A Worth
Director
25th June 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MS & TA Worth Ltd is a private company, limited by shares, incorporated in England & Wales. The company's registered number and registered office address can be found on the Company Information page. 
The company's place of business is Astra Benz, New Inn Cross, Shebbear, Beaworthy, Devon, EX21 5SN.
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. Turnover
This is measured at the fair value of the consideration received or receivable from the sale of goods, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is recognised when goods are delivered to customers such that risks and rewards of ownership have been transferred to them and that there is sufficient reliable evidence that delivery of goods has occurred.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. 
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years. 
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and machinery etc -     33% on cost, 25% on reducing balance and 15% on reducing balance 
2.5. Leasing and Hire Purchase Contracts
Tangible fixed assets acquired under hire purchase contracts or finance leases are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.
Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the term of the lease.
2.6. Stocks and Work in Progress
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Cost is calculated on a first in first out basis.
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Page 4
2.7. Taxation
Taxation
Taxation for the year comprises current and deferred 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.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 10)
9 10
4. Intangible assets
Goodwill
£
Cost
As at 1 October 2024 20,000
As at 30 September 2025 20,000
Amortisation
As at 1 October 2024 20,000
As at 30 September 2025 20,000
Net Book Value
As at 30 September 2025 -
As at 1 October 2024 -
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Page 5
5. Tangible assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 October 2024 112,311 1,009,079 1,121,390
Additions 28,891 21,182 50,073
Disposals - (86,845 ) (86,845 )
As at 30 September 2025 141,202 943,416 1,084,618
Depreciation
As at 1 October 2024 - 317,842 317,842
Provided during the period - 105,496 105,496
Disposals - (41,512 ) (41,512 )
As at 30 September 2025 - 381,826 381,826
Net Book Value
As at 30 September 2025 141,202 561,590 702,792
As at 1 October 2024 112,311 691,237 803,548
Included in the above figures are assets under hire purchase and finance lease agreements with a net book value of £111,674 (2024 - £176,714). The depreciation charged on these assets during the year was £19,707 (2024 - £13,118).
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 279,706 233,178
Other debtors 25,410 22,291
305,116 255,469
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 13,987 34,394
Trade creditors 175,288 857,590
Bank loans and overdrafts 40,946 4,130
Other creditors 321,497 318,044
Taxation and social security 47,955 18,359
599,673 1,232,517
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Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 109,472 117,563
Bank loans 236,981 127,799
Other creditors 765,914 558,987
1,112,367 804,349
Amounts falling due in more than five years:
Repayable by instalments
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 24,892 38,083
Bank loans 74,271 -
9. Secured Creditors
The following secured debts are included within creditors:
The bank loan and overdraft are secured by a fixed and floating charge over the company's assets.
The other loans are secured by charges over specific assets.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 123,459 151,957
Bank loans and overdrafts 277,927 131,929
Other Creditors 490,280 382,742
Page 6