Worth Enterprises Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06813916 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

FOR

WORTH ENTERPRISES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

T Evans

J Johnson

M Watson

D Boul

SECRETARY:

M Perry

REGISTERED OFFICE:

434 Forest Road

Wathamstow

London

E17 4PY

REGISTERED NUMBER:

06813916 (England and Wales)

ACCOUNTANTS:

Michael Harwood & Co

Chartered Accountants

Greville House

10 Jury Street

Warwick

Warwickshire

CV34 4EW

CURRENT ASSETS

Stocks

2,500

-

Debtors

978

1,725

Cash at bank and in hand

4,875

4,835

8,353

6,560

CREDITORS

Amounts falling due within one year

5,842

10,186

NET CURRENT ASSETS/(LIABILITIES)

2,511

(3,626

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,511

(3,626

)

CAPITAL AND RESERVES

Called up share capital

2

1

1

Profit and loss account

2,510

(3,627

)

SHAREHOLDERS' FUNDS

2,511

(3,626

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 20 May 2015 and were signed on its behalf by:

T Evans - 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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

1

Ordinary

£1

1

1

3.	ULTIMATE CONTROLLING PARTY

The company is wholly owned by The Worth Foundation Limited, a company incorporated in England and

Wales.