WORTH TECHNOLOGY LTD - Period Ending 2022-12-31

WORTH TECHNOLOGY LTD - Period Ending 2022-12-31


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Registration number: 10710462

WORTH TECHNOLOGY LTD

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2022

 

WORTH TECHNOLOGY LTD

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

3

 

WORTH TECHNOLOGY LTD

Company Information

Director

Mr BO YANG

Registered office

Wellington House, East Road,
Cambridge
CB1 1BH

Accountants

Flanton & Co
12 John Princes Street
London
W1G 0JR

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
WORTH TECHNOLOGY LTD
for the Year Ended 31 December 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of WORTH TECHNOLOGY LTD for the year ended 31 December 2022 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of WORTH TECHNOLOGY LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of WORTH TECHNOLOGY LTD and state those matters that we have agreed to state to the Board of Directors of WORTH TECHNOLOGY LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than WORTH TECHNOLOGY LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that WORTH TECHNOLOGY LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of WORTH TECHNOLOGY LTD. You consider that WORTH TECHNOLOGY LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of WORTH TECHNOLOGY LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Flanton & Co
12 John Princes Street
London
W1G 0JR

25 September 2023

 

WORTH TECHNOLOGY LTD

(Registration number: 10710462)
Balance Sheet as at 31 December 2022

2022
£

2021
£

Fixed assets

100,254

99,816

Current assets

905,528

1,256,508

Creditors: Amounts falling due within one year

(580,373)

(898,953)

Net current assets

325,155

357,555

Total assets less current liabilities

425,409

457,371

Creditors: Amounts falling due after more than one year

(176,886)

(221,646)

Accruals and deferred income

(35,206)

-

 

213,317

235,725

Capital and reserves

213,317

235,725

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Wellington House, East Road,
Cambridge
CB1 1BH
England

These financial statements were authorised for issue by the director on 25 September 2023.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2021 - 3).

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

 

WORTH TECHNOLOGY LTD

(Registration number: 10710462)
Balance Sheet as at 31 December 2022

Approved and authorised by the director on 25 September 2023
 

.........................................
Mr BO YANG
Director