Registered number
03306659
World of Kids Limited
Filleted Accounts
31 January 2023
World of Kids Limited
Registered number: 03306659
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 108,264 108,264
Current assets
Debtors 4 37,773 37,773
Cash at bank and in hand 221,814 367,884
259,587 405,657
Creditors: amounts falling due within one year 5 (1,744) (2,019)
Net current assets 257,843 403,638
Net assets 366,107 511,902
Capital and reserves
Called up share capital 6 6
Profit and loss account 366,101 511,896
Shareholders' funds 366,107 511,902
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
John Patrick O'Mahoney
Director
Approved by the board on 26 October 2023
World of Kids Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Investments
Other
investments
£
Cost
At 1 February 2022 108,264
At 31 January 2023 108,264
4 Debtors 2023 2022
£ £
Trade debtors 31,700 31,700
Other debtors 6,073 6,073
37,773 37,773
5 Creditors: amounts falling due within one year 2023 2022
£ £
Directors loan account 927 205
Other creditors 817 1,814
1,744 2,019
6 Other information
World of Kids Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bank Chambers
1-3 Woodford Avenue
Gants Hill, Ilford
Essex
IG2 6UF
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