WORLDWIDE CONFECTIONERY LTD

WORLDWIDE CONFECTIONERY LTD

WORLDWIDE CONFECTIONERY LTD - Company Information

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WORLDWIDE CONFECTIONERY LTD

Company Registration Number:
09620574 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2021

Period of accounts

Start date: 01 July 2020

End date: 30 June 2021

WORLDWIDE CONFECTIONERY LTD

Contents of the Financial Statements

for the Period Ended 30 June 2021

Balance sheet
Notes

WORLDWIDE CONFECTIONERY LTD

Balance sheet

As at 30 June 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 28,319 4,339
Total fixed assets: 28,319 4,339
Current assets
Stocks: 1,744,425 859,789
Debtors:   110,766 99,411
Cash at bank and in hand: 955,900 254,236
Total current assets: 2,811,091 1,213,436
Creditors: amounts falling due within one year: 4 (711,862) (213,959)
Net current assets (liabilities): 2,099,229 999,477
Total assets less current liabilities: 2,127,548 1,003,816
Creditors: amounts falling due after more than one year:     (1,706)
Total net assets (liabilities): 2,127,548 1,002,110
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 2,127,448 1,002,010
Shareholders funds: 2,127,548 1,002,110

The notes form part of these financial statements

WORLDWIDE CONFECTIONERY LTD

Balance sheet statements

For the year ending 30 June 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 September 2021
and signed on behalf of the board by:

Name: David Stevenson
Status: Director

The notes form part of these financial statements

WORLDWIDE CONFECTIONERY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:Equipment - 18% on reducing balance

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

WORLDWIDE CONFECTIONERY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2021

2. Employees

2021 2020
Average number of employees during the period 9 8

WORLDWIDE CONFECTIONERY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2021

3. Tangible Assets

Total
Cost £
At 01 July 2020 9,652
Additions 30,196
At 30 June 2021 39,848
Depreciation
At 01 July 2020 5,313
Charge for year 6,216
At 30 June 2021 11,529
Net book value
At 30 June 2021 28,319
At 30 June 2020 4,339

WORLDWIDE CONFECTIONERY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2021

4. Creditors: amounts falling due within one year note

Vat - £401,202Trade Creditors - £9,512Taxation and social security costs - £301,148