| World Changers & Co Limited |
|
| Report to the directors on the preparation of the unaudited abbreviated accounts of World Changers & Co Limited for the period ended 30 September 2014 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of World Changers & Co Limited for the period ended 30 September 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| This report is made solely to the Board of Directors of World Changers & Co Limited, as a body, in accordance with the terms of our engagement letter dated 14 January 2014. Our work has been undertaken solely to prepare for your approval the accounts of World Changers & Co Limited and state those matters that we have agreed to state to the Board of Directors of World Changers & Co Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than World Changers & Co Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that World Changers & Co Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of World Changers & Co Limited. You consider that World Changers & Co Limited is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the accounts of World Changers & Co Limited. 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 abbreviated accounts. |
|
| Steven R Francis & Co Limited |
| Chartered Certified Accountants |
| Bury Lodge |
| Bury Road |
| Stowmarket |
| Suffolk |
| IP14 1JA |
|
| 4 March 2015 |
|
| World Changers & Co Limited |
| Registered number: |
08730753 |
| Abbreviated Balance Sheet |
| as at 30 September 2014 |
|
| Notes |
|
|
2014 |
|
| £ |
|
| Current assets |
| Debtors |
|
|
848 |
| Cash at bank and in hand |
|
|
5,866 |
|
|
|
6,714 |
|
|
|
| Creditors: amounts falling due within one year |
|
|
(24,359) |
|
| Net current liabilities |
|
|
|
(17,645) |
|
|
| Net liabilities |
|
|
|
(17,645) |
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
2 |
|
|
50 |
| Profit and loss account |
|
|
|
(17,695) |
|
| Shareholders' funds |
|
|
|
(17,645) |
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Ms J Thoms |
| Director |
| Approved by the board on 4 March 2015 |
|
| World Changers & Co Limited |
| Notes to the Abbreviated Accounts |
| for the period ended 30 September 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
| 2 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
| value |
Number |
£ |
|
|
Allotted, called up and fully paid: |
|
Ordinary shares |
1p each |
|
5,000 |
|
50 |
|
|
|
|
|
|
|
|
| Nominal |
Number |
Amount |
| value |
£ |
|
Shares issued during the period: |
|
Ordinary shares |
1p each |
|
5,000 |
|
50 |
|
|
|
|
|
|
|
