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REGISTERED NUMBER: 09903931 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 30th June 2023

for

iShop Worldwide Limited

iShop Worldwide Limited (Registered number: 09903931)






Contents of the Financial Statements
for the Year Ended 30th June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


iShop Worldwide Limited

Company Information
for the Year Ended 30th June 2023







DIRECTORS: N J Hall
T A H Fraser





REGISTERED OFFICE: Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE





REGISTERED NUMBER: 09903931 (England and Wales)





ACCOUNTANTS: Sigma Partners
Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE

iShop Worldwide Limited (Registered number: 09903931)

Statement of Financial Position
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,908 -
Tangible assets 5 26,998 29,886
41,906 29,886

CURRENT ASSETS
Debtors 6 406,808 352,672
Cash at bank and in hand 509,591 255,754
916,399 608,426
CREDITORS
Amounts falling due within one year 7 272,113 227,091
NET CURRENT ASSETS 644,286 381,335
TOTAL ASSETS LESS CURRENT
LIABILITIES

686,192

411,221

PROVISIONS FOR LIABILITIES 6,750 4,242
NET ASSETS 679,442 406,979

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 20 20
Retained earnings 679,372 406,909
SHAREHOLDERS' FUNDS 679,442 406,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 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.

iShop Worldwide Limited (Registered number: 09903931)

Statement of Financial Position - continued
30th June 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14th November 2023 and were signed on its behalf by:





N J Hall - Director


iShop Worldwide Limited (Registered number: 09903931)

Notes to the Financial Statements
for the Year Ended 30th June 2023

1. STATUTORY INFORMATION

iShop Worldwide 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


iShop Worldwide Limited (Registered number: 09903931)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st July 2022 8,365
Additions 15,130
At 30th June 2023 23,495
AMORTISATION
At 1st July 2022 8,365
Charge for year 222
At 30th June 2023 8,587
NET BOOK VALUE
At 30th June 2023 14,908
At 30th June 2022 -

iShop Worldwide Limited (Registered number: 09903931)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st July 2022 8,832 2,076 10,701
Additions - 1,195 2,676
At 30th June 2023 8,832 3,271 13,377
DEPRECIATION
At 1st July 2022 1,274 654 2,256
Charge for year 1,766 654 2,675
At 30th June 2023 3,040 1,308 4,931
NET BOOK VALUE
At 30th June 2023 5,792 1,963 8,446
At 30th June 2022 7,558 1,422 8,445

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st July 2022 32,490 18,189 72,288
Additions - 8,127 11,998
At 30th June 2023 32,490 26,316 84,286
DEPRECIATION
At 1st July 2022 25,243 12,975 42,402
Charge for year 5,248 4,543 14,886
At 30th June 2023 30,491 17,518 57,288
NET BOOK VALUE
At 30th June 2023 1,999 8,798 26,998
At 30th June 2022 7,247 5,214 29,886

iShop Worldwide Limited (Registered number: 09903931)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 317,016 296,887
Other debtors 89,792 55,785
406,808 352,672

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 178,037 125,628
Taxation and social security 73,050 79,121
Other creditors 21,026 22,342
272,113 227,091