IRIS Accounts Production v22.1.0.628 06455879 Board of Directors 1.1.21 31.12.21 31.12.21 false true false false true false Ordinary 1.40000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure064558792020-12-31064558792021-12-31064558792021-01-012021-12-31064558792019-12-31064558792020-01-012020-12-31064558792020-12-3106455879ns16:EnglandWales2021-01-012021-12-3106455879ns15:Euro2021-01-012021-12-3106455879ns11:Director12021-01-012021-12-3106455879ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3106455879ns11:SmallEntities2021-01-012021-12-3106455879ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3106455879ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3106455879ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3106455879ns11:FullAccounts2021-01-012021-12-3106455879ns11:OrdinaryShareClass12021-01-012021-12-3106455879ns11:Director22021-01-012021-12-3106455879ns11:Director32021-01-012021-12-3106455879ns11:RegisteredOffice2021-01-012021-12-3106455879ns6:CurrentFinancialInstruments2021-12-3106455879ns6:CurrentFinancialInstruments2020-12-3106455879ns6:ShareCapital2021-12-3106455879ns6:ShareCapital2020-12-3106455879ns6:RetainedEarningsAccumulatedLosses2021-12-3106455879ns6:RetainedEarningsAccumulatedLosses2020-12-3106455879ns6:FurnitureFittings2021-01-012021-12-3106455879ns6:FurnitureFittings2020-12-3106455879ns6:FurnitureFittings2021-12-3106455879ns6:FurnitureFittings2020-12-3106455879ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3106455879ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-3106455879ns6:DeferredTaxation2020-12-3106455879ns6:DeferredTaxation2021-01-012021-12-3106455879ns6:DeferredTaxation2021-12-3106455879ns11:OrdinaryShareClass12021-12-31
REGISTERED NUMBER: 06455879 (England and Wales)

















Unaudited Financial Statements

For The Year Ended 31 December 2021

for

World Produce Services Limited

World Produce Services Limited (Registered number: 06455879)

Contents of the Financial Statements
For The Year Ended 31 December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


World Produce Services Limited

Company Information
For The Year Ended 31 December 2021







DIRECTORS: R P Baker
Mr R Lelyveld
D R Lynch





REGISTERED OFFICE: Chilterns Commonside Road
Harlow
Essex
CM18 7EZ





REGISTERED NUMBER: 06455879 (England and Wales)





ACCOUNTANTS: Giess Wallis Crisp LLP
10-12 Mulberry Green
Old Harlow
Essex
CM17 0ET

World Produce Services Limited (Registered number: 06455879)

Balance Sheet
31 December 2021

2021 2020
Notes €    €    €    €   
FIXED ASSETS
Tangible assets 4 4 189

CURRENT ASSETS
Debtors 5 374,069 474,823
Cash at bank 1,358,681 1,229,491
1,732,750 1,704,314
CREDITORS
Amounts falling due within one year 6 502,093 590,929
NET CURRENT ASSETS 1,230,657 1,113,385
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,230,661

1,113,574

PROVISIONS FOR LIABILITIES 7 - 36
NET ASSETS 1,230,661 1,113,538

CAPITAL AND RESERVES
Called up share capital 8 140 140
Retained earnings 1,230,521 1,113,398
SHAREHOLDERS' FUNDS 1,230,661 1,113,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2022 and were signed on its behalf by:





R P Baker - Director


World Produce Services Limited (Registered number: 06455879)

Notes to the Financial Statements
For The Year Ended 31 December 2021


1. STATUTORY INFORMATION

World Produce Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Financial instruments
The company has elected to apply the provisions of Section 11:'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues ' of FRS 102 to all of its financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities such as trade debtors and creditors.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Short terms debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by current accounts, cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.


World Produce Services Limited (Registered number: 06455879)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2021


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The financial statements have been prepared on a going concern basis. Having carried out a detailed review of the company's resources and the challenges presented by the current economic climate, the directors are satisfied that the company has sufficient cash flows to meet its liabilities as they fall due for at least one year from the date of approval of the financial statements.

Functional currency
The functional currency of World Produce Services Limited is the Euro.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
€   
COST
At 1 January 2021
and 31 December 2021 15,681
DEPRECIATION
At 1 January 2021 15,492
Charge for year 185
At 31 December 2021 15,677
NET BOOK VALUE
At 31 December 2021 4
At 31 December 2020 189

World Produce Services Limited (Registered number: 06455879)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2021


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
€    €   
Trade debtors 290,780 325,026
Other debtors 83,289 149,797
374,069 474,823

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
€    €   
Trade creditors 394,260 307,200
Taxation and social security 12,915 33,384
Other creditors 94,918 250,345
502,093 590,929

7. PROVISIONS FOR LIABILITIES
2021 2020
€    €   
Deferred tax - 36

Deferred
tax
€   
Balance at 1 January 2021 36
Provided during year (36 )
Balance at 31 December 2021 -

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: €    €   
100 Ordinary €1.40 140 140

9. ULTIMATE PARENT COMPANY

The ultimate parent company is Bluebridge Holdings Limited, a company registered at Chilterns, Commonside Road, Harlow, Essex, CM18 7EZ.