WFC (Market Promotions) Limited Filleted accounts for Companies House (small and micro)

WFC (MARKET PROMOTIONS) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03121102

WFC (Market Promotions) Limited

Filleted Unaudited Financial Statements

30 September 2019

WFC (Market Promotions) Limited

Statement of Financial Position

30 September 2019

	2019		2018
Note	£	£	£

Current assets

Debtors	4	20,579	36,579
Cash at bank and in hand		20,813	4,409
		--------	--------
		41,392	40,988

Creditors: amounts falling due within one year	5	4,524		300
		--------		--------
Net current assets			36,868	40,688
			--------	--------
Total assets less current liabilities			36,868	40,688
			--------	--------
Net assets			36,868	40,688
			--------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	36,866	40,686
	--------	--------
Shareholder funds	36,868	40,688
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 12 November 2019 , and are signed on behalf of the board by:

Mr MW Capel

Director

Company registration number: 03121102

WFC (Market Promotions) Limited

Notes to the Financial Statements

Year ended 30 September 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Administration Office, Wholesale Fruit Centre, Bessemer Road, Cardiff, CF11 8BE.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Revenue recognition

Turnover represents the amount derived from the principal activity of the company.

Income tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

4. Debtors

	2019	2018
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	20,579	36,565
Other debtors	–	14
	--------	--------
	20,579	36,579
	--------	--------

5. Creditors: amounts falling due within one year

	2019	2018
	£	£
Corporation tax	4,224	–
Other creditors	300	300
	-------	----
	4,524	300
	-------	----

6. Related party transactions

Under the provisions of Financial Reporting Standard No. 8, disclosure of the following related party transactions is required. The disclosures below are a summary of the overall effect by category of these transactions and the directors maintain a complete schedule of the transactions which is available for inspection upon request. During the year the company paid licence fees to its holding company, Wholesale Fruit Centre (Cardiff) Limited amounting to £6,000 inclusive of value added tax, £5,000 exclusive of value added tax. At the year end, debtors solely comprised £20,579 (2018 £36,565) due from the holding company, which is interest free, unsecured and with no specific terms for repayment.

7. Controlling party

The ultimate parent company is Wholesale Fruit Centre (Cardiff) Limited, a company incorporated in England & Wales.