WFC (Market Promotions) Limited Filleted accounts for Companies House (small and micro)

WFC (Market Promotions) Limited Filleted accounts for Companies House (small and micro)

WFC (MARKET PROMOTIONS) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03121102
WFC (Market Promotions) Limited
Filleted Unaudited Financial Statements
30 September 2018
WFC (Market Promotions) Limited
Statement of Financial Position
30 September 2018
2018
2017
Note
£
£
£
Current assets
Debtors
4
36,579
39,530
Cash at bank and in hand
4,409
9,522
--------
--------
40,988
49,052
Creditors: amounts falling due within one year
5
300
6,385
--------
--------
Net current assets
40,688
42,667
--------
--------
Total assets less current liabilities
40,688
42,667
--------
--------
Net assets
40,688
42,667
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
40,686
42,665
--------
--------
Shareholder funds
40,688
42,667
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 27 November 2018 , and are signed on behalf of the board by:
Mr MW Capel
Director
Company registration number: 03121102
WFC (Market Promotions) Limited
Notes to the Financial Statements
Year ended 30 September 2018
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Administration Office, Wholesale Fruit Centre, Bessemer Road, Cardiff, CF11 8BE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover represents the amount derived from the principal activity of the company.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
4. Debtors
2018
2017
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
36,565
39,530
Other debtors
14
–
--------
--------
36,579
39,530
--------
--------
5. Creditors: amounts falling due within one year
2018
2017
£
£
Corporation tax
–
6,085
Other creditors
300
300
----
-------
300
6,385
----
-------
6. Related party transactions
Under the provisions of Financial Reporting Standard No. 8, disclosure of the following related party transactions is required. The disclosures below are a summary of the overall effect by category of these transactions and the directors maintain a complete schedule of the transactions which is available for inspection upon request. During the year the company paid licence fees to its holding company, Wholesale Fruit Centre (Cardiff) Limited amounting to £6,000 inclusive of value added tax, £5,000 exclusive of value added tax. At the year end, debtors solely comprised £36,565 (2017 £39,530) due from the holding company, which is interest free, unsecured and with no specific terms for repayment.
7. Controlling party
The ultimate parent company is Wholesale Fruit Centre (Cardiff) Limited, a company incorporated in England & Wales.