WFC (Market Promotions) Limited - Accounts to registrar (filleted) - small 18.2

WFC (Market Promotions) Limited - Accounts to registrar (filleted) - small 18.2

WFC (MARKET PROMOTIONS) LIMITED - Company Information

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REGISTERED NUMBER: 03121102 (England and Wales)















WFC (MARKET PROMOTIONS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2020





Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ








WFC (MARKET PROMOTIONS) LIMITED (REGISTERED NUMBER: 03121102)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WFC (MARKET PROMOTIONS) LIMITED


COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2020







DIRECTORS: M J Bird
H A Bird
Mr G Bradnum
Mr M W Capel
Mr M T Carpenter
Ms L M Cornish
Mr A J Fisher
Mr C D Burridge





REGISTERED OFFICE: Administration Office
Wholesale Fruit Centre
Bessemer Road
Cardiff
Cardiff
CF11 8BE





REGISTERED NUMBER: 03121102 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ
Page 1
WFC (MARKET PROMOTIONS) LIMITED (REGISTERED NUMBER: 03121102)


BALANCE SHEET
30TH SEPTEMBER 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Debtors 4 - 20,579
Cash at bank 11,451 20,814
11,451 41,393
CREDITORS
Amounts falling due within one year 5 1,873 4,525
NET CURRENT ASSETS 9,578 36,868
TOTAL ASSETS LESS CURRENT LIABILITIES 9,578 36,868

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 9,576 36,866
9,578 36,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2020 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th May 2021 and were signed on its behalf by:





Mr M W Capel - Director


The notes form part of these financial statements

Page 2
WFC (MARKET PROMOTIONS) LIMITED (REGISTERED NUMBER: 03121102)


NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2020


1. STATUTORY INFORMATION

WFC (Market Promotions) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises income from the principal activity of the company.

Going concern
The COVID-19 pandemic has had a significant negative impact on the UK economy. Given the rapidly evolving nature of the situation and lockdowns it is difficult to quantify the impact of Covid-19, the directors recognise that in the longer term its effect may be more significant. At this point in time any long-term effect on the company is unknown, but the directors remain confident of the financial position of the company. The directors believe that the company has sufficient reserves to withstand any further economic downturns created by the pandemic and are confident that it is correct to prepare the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2019 - 8 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Amounts owed by group undertakings - 20,579

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Amounts owed to group undertakings 1,587 -
Taxation and social security (14 ) 4,225
Other creditors 300 300
1,873 4,525

Page 3 continued...
WFC (MARKET PROMOTIONS) LIMITED (REGISTERED NUMBER: 03121102)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2020


6. RELATED PARTY DISCLOSURES

Wholesale Fruit Centre (Cardiff) Limited

Holding Company


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

The amount due to or from the holding company at the end of the year is interest free, unsecured and with no specific terms for its repayment..

2020 2019
£    £   
Amount due (to)/from related party at the balance sheet date (1,587 ) 20,579

7. POST BALANCE SHEET EVENTS

In response to a second wave of the Covid-19 pandemic the Government enforced two further lockdown periods which resulted in October 2020 for 17 days and a current period lockdown since December 2020. The company ceased its principal activity in late 2020 and has no immediate plans to recommence that activity. The company does not have any third party liabilities and is currently benefitting from appropriate Government support schemes. The company is able to draw on the financial support of its holding company if required.
Accordingly, the directors consider that the accounts may be prepared on the basis of a going concern.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Wholesale Fruit (Centre) Cardiff Limited.

Page 4