REGISTERED NUMBER:
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"WORLD TO ME" LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016 |
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REGISTERED NUMBER:
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"WORLD TO ME" LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016 |
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"WORLD TO ME" LIMITED (REGISTERED NUMBER: SC287325) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JULY 2016 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 2 |
"WORLD TO ME" LIMITED (REGISTERED NUMBER: SC287325) |
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ABBREVIATED BALANCE SHEET |
31 JULY 2016 |
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2016 | 2015 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges her responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the director on
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"WORLD TO ME" LIMITED (REGISTERED NUMBER: SC287325) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JULY 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The company is dependent on the continued support of the director. If the director was to demand immediate |
payment of the amount owing, the company would be unable to comply. In these circumstances, adjustments may |
have to be made to reduce the value of the assets to their recoverable amount and to provide for any further |
liabilities that may arise. The director has indicated that repayment will not be sought of the amount owed. The |
director considers however, that it is still appropriate to prepare the financial statements on a going concern basis |
despite this uncertainty. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Tangible fixed assets |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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The replacement cost of stock would not be materially different. |
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Deferred tax |
The charge for taxation takes into account taxation deferred as a result of timing differences between the |
treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in |
respect of all timing differences that have originated but not reversed at the balance sheet date. However, |
deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that |
there will be suitable taxable profits from which the future reversal of the underlying timing differences can be |
deducted. Deferred tax is not recognised on revaluation gains. Deferred taxation is measured on a |
non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences |
reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 August 2015 |
and 31 July 2016 |
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DEPRECIATION |
At 1 August 2015 |
and 31 July 2016 |
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NET BOOK VALUE |
At 31 July 2016 |
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At 31 July 2015 |
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"WORLD TO ME" LIMITED (REGISTERED NUMBER: SC287325) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 JULY 2016 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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