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 2018

Period of accounts

Start date: 01 July 2017

End date: 30 June 2018

WORLDWIDE CONFECTIONERY LTD

Contents of the Financial Statements

for the Period Ended 30 June 2018

Balance sheet
Notes

WORLDWIDE CONFECTIONERY LTD

Balance sheet

As at 30 June 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 2 6,454 7,251
Total fixed assets: 6,454 7,251
Current assets
Stocks: 341,350 323,468
Debtors: 3 39,977 33,693
Cash at bank and in hand: 278,227 39,390
Total current assets: 659,554 396,551
Creditors: amounts falling due within one year: 4 (92,216) (58,934)
Net current assets (liabilities): 567,338 337,617
Total assets less current liabilities: 573,792 344,868
Creditors: amounts falling due after more than one year: 5 (133,600) (151,440)
Total net assets (liabilities): 440,192 193,428
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 440,092 193,328
Shareholders funds: 440,192 193,428

The notes form part of these financial statements

WORLDWIDE CONFECTIONERY LTD

Balance sheet statements

For the year ending 30 June 2018 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 03 August 2018
and signed on behalf of the board by:

Name: Mr 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 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

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

WORLDWIDE CONFECTIONERY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2018

2. Tangible Assets

Total
Cost £
At 01 July 2017 9,144
Additions 508
At 30 June 2018 9,652
Depreciation
At 01 July 2017 1,893
Charge for year 1,305
At 30 June 2018 3,198
Net book value
At 30 June 2018 6,454
At 30 June 2017 7,251

WORLDWIDE CONFECTIONERY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2018

3. Debtors

2018 2017
££
Debtors due after more than one year: 32,639 28,447

WORLDWIDE CONFECTIONERY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2018

4. Creditors: amounts falling due within one year note

Soft Drinks Industry Levy £34,067Corporation Tax £57,883VAT £11PAYE £255

WORLDWIDE CONFECTIONERY LTD

Notes to the Financial Statements

for the Period Ended 30 June 2018

5. Creditors: amounts falling due after more than one year note

Directors loan account £133,600