Worth Publishing Limited - Accounts to registrar - small 16.3

Worth Publishing Limited - Accounts to registrar - small 16.3

WORTH PUBLISHING LTD. - Company Information

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REGISTERED NUMBER: 01234904 (England and Wales)















Financial Statements for the Year Ended 31 December 2016

for

Worth Publishing Limited

Worth Publishing Limited (Registered number: 01234904)

Contents of the Financial Statements
for the year ended 31 December 2016










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Worth Publishing Limited

Company Information
for the year ended 31 December 2016







DIRECTORS: Ms A J Wood
M L Wood





SECRETARY: M L Wood





REGISTERED OFFICE: Hazelbrow Lodge
119 Hazelwood Road
Duffield
Derbyshire
DE56 4AA





REGISTERED NUMBER: 01234904 (England and Wales)





ACCOUNTANTS: Godfrey Accounting
Chartered Accountants
3 Litchfield Way
Guildford
Surrey
GU2 7QL
Page 1
Worth Publishing Limited (Registered number: 01234904)

Balance Sheet
31 December 2016

2016 2015
Notes £    £   
CURRENT ASSETS
Stocks 43,713 26,140
Debtors 4 32,374 20,735
Cash at bank 29,623 24,952
105,710 71,827
CREDITORS
Amounts falling due within one year 5 25,013 22,500
NET CURRENT ASSETS 80,697 49,327
TOTAL ASSETS LESS CURRENT
LIABILITIES
80,697
49,327

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 79,697 48,327
SHAREHOLDERS' FUNDS 80,697 49,327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 February 2017 and were signed on
its behalf by:





M L Wood - Director


The notes form part of these financial statements

Page 2
Worth Publishing Limited (Registered number: 01234904)

Notes to the Financial Statements
for the year ended 31 December 2016


1. STATUTORY INFORMATION

Worth Publishing Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration for books sold and royalties received and
receivable, excluding value added tax and other sales taxes.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

Page 3 continued...
Worth Publishing Limited (Registered number: 01234904)

Notes to the Financial Statements - continued
for the year ended 31 December 2016


3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016
and 31 December 2016 1,274
DEPRECIATION
At 1 January 2016
and 31 December 2016 1,274
NET BOOK VALUE
At 31 December 2016 -

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 27,625 16,833
Other debtors 4,749 3,902
32,374 20,735

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors (1 ) 1
Taxation and social security 12,843 15,738
Other creditors 12,171 6,761
25,013 22,500

Page 4