General Information
WORTHINGTON ENTERPRISES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06354067, registration address Suite-2, 10 Abbey Parade, Wimbledon, London, SW19 1DG.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
20 Reducing Balance
|
| Motor Vehicles |
20 Reducing Balance
|
| Computer Equipment |
20 Reducing Balance
|
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Average number of employees
Average number of employees during the year was 4 (2024 : 3).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 September 2024 |
29,649 |
|
87,000 |
|
12,727 |
|
129,376 |
| Additions |
- |
|
99,874 |
|
- |
|
99,874 |
| Disposals |
- |
|
- |
|
- |
|
- |
| At 31 August 2025 |
29,649 |
|
186,874 |
|
12,727 |
|
229,250 |
| Depreciation |
| At 01 September 2024 |
26,599 |
|
75,724 |
|
6,093 |
|
108,416 |
| Charge for year |
609 |
|
22,230 |
|
1,327 |
|
24,166 |
| On disposals |
- |
|
- |
|
- |
|
- |
| At 31 August 2025 |
27,208 |
|
97,954 |
|
7,420 |
|
132,582 |
| Net book values |
| Closing balance as at 31 August 2025 |
2,441 |
|
88,920 |
|
5,307 |
|
96,668 |
| Opening balance as at 01 September 2024 |
3,050 |
|
11,276 |
|
6,634 |
|
20,960 |
|
| 4. |
Investments
| Cost |
Other investments other than loans |
|
Total |
| |
£ |
|
£ |
| At 01 September 2024 |
1,376,544 |
|
1,376,544 |
| Additions |
- |
|
- |
| Disposals |
(129,100) |
|
(129,100) |
| At 31 August 2025 |
1,247,444 |
|
1,247,444 |
|
| 5. |
Related parties
During the year the company entered into the following transactions with related parties: | Transaction value - income/(expenses) | | Balance owed by/(owed to) |
|---|
| 2025
£ | | 2024
£ | | 2025
£ | | 2024
£ |
|---|
| WORTHINGTON CAPITAL LTD | 0 | | 0 | | 1,247,444 | | 1,376,544 |
During the accounting year, Mohammed Kamruzzaman Esak held 100% of the issued share capital of Worthington Capital Ltd |
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