Worth Publishing Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01234904

Abbreviated Accounts for the Year Ended 31 December 2014

for

Worth Publishing Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Ms A J Perry

M L Wood

SECRETARY:

M L Wood

REGISTERED OFFICE:

Hazelbrow Lodge

119 Hazelwood Road

Duffield

Derbyshire

DE56 4AA

REGISTERED NUMBER:

01234904

ACCOUNTANTS:

Godfrey Accounting

Chartered Accountants

3 Litchfield Way

Guildford

Surrey

GU2 7QL

CURRENT ASSETS

Stocks

24,037

23,669

Debtors

22,159

16,334

Cash at bank

12,762

12,974

58,958

52,977

CREDITORS

Amounts falling due within one year

13,630

10,961

NET CURRENT ASSETS

45,328

42,016

TOTAL ASSETS LESS CURRENT LIABILITIES

45,328

42,016

CAPITAL AND RESERVES

Called up share capital

3

40,000

60,000

Profit and loss account

5,328

(17,984

)

SHAREHOLDERS' FUNDS

45,328

42,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26 February 2015 and were signed on its behalf by:

M L Wood - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

50% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

1,274

DEPRECIATION

At 1 January 2014

and 31 December 2014

1,274

NET BOOK VALUE

At 31 December 2014

-

At 31 December 2013

-

3.	CALLED UP SHARE CAPITAL