Abbreviated Company Accounts - WORLDWIDE CONFECTIONERY LTD

Abbreviated Company Accounts - WORLDWIDE CONFECTIONERY LTD

WORLDWIDE CONFECTIONERY LTD - Company Information

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Registered Number 09620574

WORLDWIDE CONFECTIONERY LTD

Abbreviated Accounts

30 June 2016

WORLDWIDE CONFECTIONERY LTD Registered Number 09620574

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016
£
Fixed assets
Tangible assets 2 1,368
1,368
Current assets
Stocks 180,150
Debtors 17,297
Cash at bank and in hand 4,022
201,469
Creditors: amounts falling due within one year (130,740)
Net current assets (liabilities) 70,729
Total assets less current liabilities 72,097
Creditors: amounts falling due after more than one year (19,500)
Total net assets (liabilities) 52,597
Capital and reserves
Called up share capital 100
Profit and loss account 52,497
Shareholders' funds 52,597
  • For the year ending 30 June 2016 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 3 March 2017

And signed on their behalf by:
DAVID STEVENSON, Director

WORLDWIDE CONFECTIONERY LTD Registered Number 09620574

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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 assets 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% reducing balance

2Tangible fixed assets
£
Cost
Additions 1,669
Disposals -
Revaluations -
Transfers -
At 30 June 2016 1,669
Depreciation
Charge for the year 301
On disposals -
At 30 June 2016 301
Net book values
At 30 June 2016 1,368