Company Registration No. 01743701 (England and Wales)
Worldbay Limited
Unaudited accounts
for the year ended 31 December 2023
Worldbay Limited
Company Information
for the year ended 31 December 2023
Directors
Mr M D Kaye
Mrs M J 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
Worldbay Limited
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
82,092
156,753
Creditors: amounts falling due within one year
(20,064)
(34,388)
Net current assets
419,254
481,166
Net assets
419,539
481,728
Called up share capital
100
100
Profit and loss account
419,439
481,628
Shareholders' funds
419,539
481,728
For the year ending 31 December 2023 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 30 May 2024 and were signed on its behalf by
Mr M D Kaye
Director
Company Registration No. 01743701
Worldbay Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Worldbay Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Other debtors
357,224
358,799
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
25,287
Other creditors
3,290
3,290
Loans from directors
69
233
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
