Worldbay Limited

Worldbay Limited

WORLDBAY LIMITED - Company Information

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1 January 2020 false No description of principal activity Taxfiler 2021.7 01743701business:PrivateLimitedCompanyLtd2020-01-012020-12-31 017437012019-12-31 017437012020-01-012020-12-31 01743701business:AuditExemptWithAccountantsReport2020-01-012020-12-31 01743701business:FullAccounts2020-01-012020-12-31 017437012020-12-31 01743701business:Director12020-01-012020-12-31 01743701business:Director22020-01-012020-12-31 01743701business:Director32020-01-012020-12-31 01743701business:RegisteredOffice2020-01-012020-12-31 017437012019-12-31 01743701core:WithinOneYear2020-12-31 01743701core:WithinOneYear2019-12-31 01743701core:ShareCapital2020-12-31 01743701core:ShareCapital2019-12-31 01743701core:RetainedEarningsAccumulatedLosses2020-12-31 01743701core:RetainedEarningsAccumulatedLosses2019-12-31 01743701business:SmallEntities2020-01-012020-12-31 01743701countries:EnglandWales2020-01-012020-12-31 017437012019-01-012019-12-31 iso4217:GBP xbrli:pure
Company Registration No. 01743701 (England and Wales)
Worldbay Limited Unaudited accounts for the year ended 31 December 2020
Worldbay Limited Unaudited accounts Contents
Page
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Worldbay Limited Company Information for the year ended 31 December 2020
Directors
Mr M D Kaye Mrs M J Kaye Mr R Kaye
Company Number
01743701 (England and Wales)
Registered Office
Hallswelle House 1 Hallswelle Road London NW11 0DH
Accountants
GK & CO. LLP Hallswelle House 1 Hallswelle Road London NW11 0DH
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Worldbay Limited Statement of financial position as at 31 December 2020
2020 
2019 
Notes
£ 
£ 
Current assets
Inventories
4
2 
2 
Debtors
5
358,324 
360,824 
Cash at bank and in hand
35,118 
31,518 
393,444 
392,344 
Creditors: amounts falling due within one year
6
(14,670)
(21,839)
Net current assets
378,774 
370,505 
Net assets
378,774 
370,505 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
378,674 
370,405 
Shareholders' funds
378,774 
370,505 
For the year ending 31 December 2020 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2021 and were signed on its behalf by
Mr M D Kaye Director Company Registration No. 01743701
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Worldbay Limited Notes to the Accounts for the year ended 31 December 2020
1
Statutory information
Worldbay Limited is a private company, limited by shares, registered in England and Wales, registration number 01743701. The registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2020 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2019. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Inventories
2020 
2019 
£ 
£ 
Finished goods
2 
2 
2 
2 
5
Debtors: amounts falling due within one year
2020 
2019 
£ 
£ 
Other debtors
358,324 
360,824 
6
Creditors: amounts falling due within one year
2020 
2019 
£ 
£ 
Taxes and social security
6,045 
12,453 
Other creditors
3,290 
3,290 
Loans from directors
322 
899 
Accruals
5,013 
5,197 
14,670 
21,839 
7
Average number of employees
During the year the average number of employees was 0 (2019: 0).
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