Abbreviated Company Accounts - WORLDBAY LIMITED

01743701 WORLDBAY LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 01743701 2013-01-01 2013-12-31 01743701 2013-12-31 01743701 2012-12-31 01743701 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 01743701 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 01743701

WORLDBAY LIMITED

Abbreviated Accounts

31 December 2013

WORLDBAY LIMITED Registered Number 01743701

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Current assets
Stocks		2	2
Debtors		321,772	355,930
Cash at bank and in hand		92,377	80,955
		414,151	436,887
Creditors: amounts falling due within one year		(12,332)	(7,115)
Net current assets (liabilities)		401,819	429,772
Total assets less current liabilities		401,819	429,772
Total net assets (liabilities)		401,819	429,772
Capital and reserves
Called up share capital	2	100	100
Profit and loss account		401,719	429,672
Shareholders' funds		401,819	429,772

For the year ending 31 December 2013 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 26 October 2014

And signed on their behalf by:
MICHAEL KAYE, Director

WORLDBAY LIMITED Registered Number 01743701

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Other accounting policies
Stocks

Stocks have previously been written down significantly to a negligible value.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100