World of Candy Ltd
World of Candy Ltd
Registered number: 10179066
Unaudited Financial Statements
For The Year Ended 31 May 2018
John Bedigan Incorporated Financial Accountant
AFA FFTA
24 Otterburn Road
North Shields
Tyne and Wear
NE29 9BJ
World of Candy Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2018
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
World of Candy Ltd
Balance Sheet
As at
31 May 2018
Balance Sheet
Registered number:
10179066
For the year ending 31 May 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 31 May 2018 | Period to 31 May 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Stocks | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 6 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | (581) | 120 | |||
Page 1
World of Candy Ltd
Balance Sheet (continued)
As at
31 May 2018
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
World of Candy Ltd
Notes to the Financial Statements
For The Year Ended 31 May 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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1.4.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
3.
Tangible Assets
| Plant & Machinery | |
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| £ | |
| Cost | |
| As at |
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| Additions |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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4.
Stocks
| 31 May 2018 | Period to 31 May 2017 | ||
|---|---|---|---|
| £ | £ | ||
| Stock | 1,200 | 600 | |
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Page 3
World of Candy Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2018
5.
Creditors: Amounts Falling Due Within One Year
| 31 May 2018 | Period to 31 May 2017 | ||
|---|---|---|---|
| £ | £ | ||
| Accruals and deferred income |
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6.
Creditors: Amounts Falling Due After More Than One Year
| 31 May 2018 | Period to 31 May 2017 | ||
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| £ | £ | ||
| Directors loan account |
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7.
Share Capital
| 31 May 2018 | Period to 31 May 2017 | ||
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| Allotted, Called up and fully paid |
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8.
General Information
World of Candy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10179066 . The registered office is 178 Tynemouth Road, North Shields, Tyne and Wear, NE30 1EG.
Page 4