WORTH PUBLISHING LTD.

WORTH PUBLISHING LTD. - Company Information

2022-01-012022-12-312022-12-31false01234904WORTH PUBLISHING LTD.2023-03-1458110iso4217:GBPxbrli:pure012349042022-01-01012349042022-12-31012349042022-01-012022-12-31012349042021-01-01012349042021-12-31012349042021-01-012021-12-3101234904bus:SmallEntities2022-01-012022-12-3101234904bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3101234904bus:FullAccounts2022-01-012022-12-3101234904bus:PrivateLimitedCompanyLtd2022-01-012022-12-3101234904core:WithinOneYear2022-12-3101234904core:AfterOneYear2022-12-3101234904core:WithinOneYear2021-12-3101234904core:AfterOneYear2021-12-3101234904core:ShareCapital2022-12-3101234904core:SharePremium2022-12-3101234904core:RevaluationReserve2022-12-3101234904core:OtherReservesSubtotal2022-12-3101234904core:RetainedEarningsAccumulatedLosses2022-12-3101234904core:ShareCapital2021-12-3101234904core:SharePremium2021-12-3101234904core:RevaluationReserve2021-12-3101234904core:OtherReservesSubtotal2021-12-3101234904core:RetainedEarningsAccumulatedLosses2021-12-3101234904core:LandBuildings2022-12-3101234904core:PlantMachinery2022-12-3101234904core:Vehicles2022-12-3101234904core:FurnitureFittings2022-12-3101234904core:OfficeEquipment2022-12-3101234904core:NetGoodwill2022-12-3101234904core:IntangibleAssetsOtherThanGoodwill2022-12-3101234904core:ListedExchangeTraded2022-12-3101234904core:UnlistedNon-exchangeTraded2022-12-3101234904core:LandBuildings2021-12-3101234904core:PlantMachinery2021-12-3101234904core:Vehicles2021-12-3101234904core:FurnitureFittings2021-12-3101234904core:OfficeEquipment2021-12-3101234904core:NetGoodwill2021-12-3101234904core:IntangibleAssetsOtherThanGoodwill2021-12-3101234904core:ListedExchangeTraded2021-12-3101234904core:UnlistedNon-exchangeTraded2021-12-3101234904core:LandBuildings2022-01-012022-12-3101234904core:PlantMachinery2022-01-012022-12-3101234904core:Vehicles2022-01-012022-12-3101234904core:FurnitureFittings2022-01-012022-12-3101234904core:OfficeEquipment2022-01-012022-12-3101234904core:NetGoodwill2022-01-012022-12-3101234904core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3101234904core:ListedExchangeTraded2022-01-012022-12-3101234904core:UnlistedNon-exchangeTraded2022-01-012022-12-3101234904core:MoreThanFiveYears2022-01-012022-12-3101234904core:Non-currentFinancialInstruments2022-12-3101234904core:Non-currentFinancialInstruments2021-12-3101234904dpl:CostSales2022-01-012022-12-3101234904dpl:DistributionCosts2022-01-012022-12-3101234904dpl:AdministrativeExpenses2022-01-012022-12-3101234904core:LandBuildings2022-01-012022-12-3101234904core:PlantMachinery2022-01-012022-12-3101234904core:Vehicles2022-01-012022-12-3101234904core:FurnitureFittings2022-01-012022-12-3101234904core:OfficeEquipment2022-01-012022-12-3101234904core:NetGoodwill2022-01-012022-12-3101234904core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3101234904dpl:GroupUndertakings2022-01-012022-12-3101234904dpl:ParticipatingInterests2022-01-012022-12-3101234904dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3101234904core:ListedExchangeTraded2022-01-012022-12-3101234904dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3101234904core:UnlistedNon-exchangeTraded2022-01-012022-12-3101234904dpl:CostSales2021-01-012021-12-3101234904dpl:DistributionCosts2021-01-012021-12-3101234904dpl:AdministrativeExpenses2021-01-012021-12-3101234904core:LandBuildings2021-01-012021-12-3101234904core:PlantMachinery2021-01-012021-12-3101234904core:Vehicles2021-01-012021-12-3101234904core:FurnitureFittings2021-01-012021-12-3101234904core:OfficeEquipment2021-01-012021-12-3101234904core:NetGoodwill2021-01-012021-12-3101234904core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3101234904dpl:GroupUndertakings2021-01-012021-12-3101234904dpl:ParticipatingInterests2021-01-012021-12-3101234904dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3101234904core:ListedExchangeTraded2021-01-012021-12-3101234904dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3101234904core:UnlistedNon-exchangeTraded2021-01-012021-12-3101234904core:NetGoodwill2022-12-3101234904core:IntangibleAssetsOtherThanGoodwill2022-12-3101234904core:LandBuildings2022-12-3101234904core:PlantMachinery2022-12-3101234904core:Vehicles2022-12-3101234904core:FurnitureFittings2022-12-3101234904core:OfficeEquipment2022-12-3101234904core:AfterOneYear2022-12-3101234904core:WithinOneYear2022-12-3101234904core:ListedExchangeTraded2022-12-3101234904core:UnlistedNon-exchangeTraded2022-12-3101234904core:ShareCapital2022-12-3101234904core:SharePremium2022-12-3101234904core:RevaluationReserve2022-12-3101234904core:OtherReservesSubtotal2022-12-3101234904core:RetainedEarningsAccumulatedLosses2022-12-3101234904core:NetGoodwill2021-12-3101234904core:IntangibleAssetsOtherThanGoodwill2021-12-3101234904core:LandBuildings2021-12-3101234904core:PlantMachinery2021-12-3101234904core:Vehicles2021-12-3101234904core:FurnitureFittings2021-12-3101234904core:OfficeEquipment2021-12-3101234904core:AfterOneYear2021-12-3101234904core:WithinOneYear2021-12-3101234904core:ListedEx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Registered Number
01234904
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

WORTH PUBLISHING LTD.

Company Information
for the year from 1 January 2022 to 31 December 2022


Directors	WOOD, A J
	WOOD, M L


Registered Address	Highgate Cottage
	Cheltenham Road
	Broadway
	WR12 7BX


Registered Number	01234904 (England and Wales)

WORTH PUBLISHING LTD.

Balance Sheet as at
31 December 2022

	Notes	2022		2021
		£	£	£	£
Current assets
Stocks	7	12,791		16,792
Debtors	8	27,332		37,971
Cash at bank and on hand		98,510		96,506
		138,633		151,269
Creditors amounts falling due within one year	9	(9,850)		(14,099)
Net current assets (liabilities)			128,783		137,170
Total assets less current liabilities			128,783		137,170
Net assets			128,783		137,170
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			127,783		136,170
Shareholders' funds			128,783		137,170

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 14 March 2023, and are signed on its behalf by:

WOOD, M L
Director
Registered Company No. 01234904

WORTH PUBLISHING LTD.

Notes to the Financial Statements
for the year ended 31 December 2022

1.	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.

2.	Compliance with applicable reporting framework
	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.

3.	Accounting policies

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Stocks policy
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	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.

Revenue recognition policy

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.

	Foreign currency translation and operations policy
	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.

Foreign currency translation and operations policy

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.

4.	Employee information


		2022		2021
	Average number of employees during the year	0		0

5.	Property, plant and equipment

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 22	1,274	1,274
At 31 December 22	1,274	1,274
Depreciation and impairment
At 01 January 22	1,274	1,274
At 31 December 22	1,274	1,274
Net book value
At 31 December 22	-	-
At 31 December 21	-	-

6.	Description of nature of transactions and balances with related parties
	Transactions with the director M Wood At 1 January 2022 £12,500 Advances to director £45,261 Repayments by director (£57,761) At 31 December 2022 £0 Prior year At 1 January 2021 £28,000 Advances to director £64,202 Repayments by director (£79,702) At 31 December 2021 £12,500

7.	Stocks

	2022	2021
	£	£
Finished goods	12,791	16,792
Total	12,791	16,792

8.	Debtors

	2022	2021
	£	£
Trade debtors / trade receivables	18,671	21,558
Other debtors	3,136	16,413
Prepayments and accrued income	5,525	-
Total	27,332	37,971


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

9.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	81	84
Taxation and social security	-	927
Accrued liabilities and deferred income	9,769	13,088
Total	9,850	14,099


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.