Registered number
05351416
World Beaters Arts and Culture Limited
Filleted Accounts
31 March 2023
World Beaters Arts and Culture Limited
Registered number: 05351416
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 550 550
Creditors: amounts falling due within one year 4 (16,367) (16,061)
Net current liabilities (15,817) (15,511)
Net liabilities (15,817) (15,511)
Capital and reserves
Profit and loss account (15,817) (15,511)
Shareholder's funds (15,817) (15,511)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
L Batchelor
Director
Approved by the board on 30 January 2024
World Beaters Arts and Culture Limited
Notes to the Accounts
for the year ended 31 March 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 4,103
At 31 March 2023 4,103
Depreciation
At 1 April 2022 4,103
At 31 March 2023 4,103
Net book value
At 31 March 2023 -
4 Creditors: amounts falling due within one year 2023 2022
£ £
Directors loan account 15,335 15,335
Other creditors 1,032 726
16,367 16,061
5 Other information
World Beaters Arts and Culture Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire house
582 Honeypot Lane
stanmore
Middlesex
HA7 1JS
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