2023-08-012023-12-312023-12-31false11868482WORLDS BETTER 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WORLDS BETTER LTD

Registered Number
11868482
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2023

WORLDS BETTER LTD
Company Information
for the period from 1 August 2023 to 31 December 2023

Director

BECK, Christianne Kimberley

Registered Address

12 Terminus Road
Brighton
BN1 3PD

Registered Number

11868482 (England and Wales)
WORLDS BETTER LTD
Statement of Financial Position
31 December 2023

Notes

31 Dec 2023

31 Jul 2023

£

£

£

£

Fixed assets
Tangible assets31,2451,394
1,2451,394
Current assets
Debtors4,77717,913
Cash at bank and on hand40,15215,764
44,92933,677
Creditors amounts falling due within one year5(24,315)(20,931)
Net current assets (liabilities)20,61412,746
Total assets less current liabilities21,85914,140
Provisions for liabilities(237)(265)
Net assets21,62213,875
Capital and reserves
Called up share capital1001
Profit and loss account21,52213,874
Shareholders' funds21,62213,875
The financial statements were approved and authorised for issue by the Director on 20 February 2024, and are signed on its behalf by:
BECK, Christianne Kimberley
Director
Registered Company No. 11868482
WORLDS BETTER LTD
Notes to the Financial Statements
for the period ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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).
Going concern
The director has reviewed the financial position of the company and they are of the consideration that the company will continue trading as a going concern.
Turnover policy
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment4
2.Average number of employees

20232023
Average number of employees during the year21
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 August 233,301
At 31 December 233,301
Depreciation and impairment
At 01 August 231,908
Charge for year148
At 31 December 232,056
Net book value
At 31 December 231,245
At 31 July 231,394
The closing balance of computer equipment is£3,301.25 which is derived after recording depreciation of £148.26 at 25% SLM.
4.Debtors: amounts due within one year

2023

2023

££
Trade debtors / trade receivables4,47017,550
Prepayments and accrued income307363
Total4,77717,913
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2023

2023

££
Trade creditors / trade payables326807
Taxation and social security22,93419,368
Other creditors755756
Accrued liabilities and deferred income300-
Total24,31520,931
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.