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REGISTERED NUMBER: 06543880 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

WORLDWIDE DISTRIBUTION SERVICES LTD

WORLDWIDE DISTRIBUTION SERVICES LTD (REGISTERED NUMBER: 06543880)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WORLDWIDE DISTRIBUTION SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr L Lashkhi
Mrs B Lashkhi





SECRETARY: Mrs B Lashkhi





REGISTERED OFFICE: Unit 3, Shelley Farm
Shelley Lane
Ower
Romsey
Hampshire
SO51 6AS





REGISTERED NUMBER: 06543880 (England and Wales)





ACCOUNTANTS: Romsey Accountants GDT Limited
Unit 3, Shelley Farm
Shelley Lane
Ower
Romsey
Hampshire
SO51 6AS

WORLDWIDE DISTRIBUTION SERVICES LTD (REGISTERED NUMBER: 06543880)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 399,163 114,915

CURRENT ASSETS
Debtors 5 570,164 554,441
Cash at bank 401,185 637,232
971,349 1,191,673
CREDITORS
Amounts falling due within one year 6 517,612 582,234
NET CURRENT ASSETS 453,737 609,439
TOTAL ASSETS LESS CURRENT
LIABILITIES

852,900

724,354

CREDITORS
Amounts falling due after more than
one year

7

23,044

32,695
NET ASSETS 829,856 691,659

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 829,656 691,459
SHAREHOLDERS' FUNDS 829,856 691,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

WORLDWIDE DISTRIBUTION SERVICES LTD (REGISTERED NUMBER: 06543880)

BALANCE SHEET - continued
31 JULY 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 4 March 2024 and were signed on its behalf by:





Mr L Lashkhi - Director


WORLDWIDE DISTRIBUTION SERVICES LTD (REGISTERED NUMBER: 06543880)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Worldwide Distribution Services Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimate useful life.

Franchise - 5% on straight line
Computer equipment - 25% on reducing balance

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 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.

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.

WORLDWIDE DISTRIBUTION SERVICES LTD (REGISTERED NUMBER: 06543880)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price (which is usually 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.

Creditors
Short term creditors are measured at transaction price (which is usually invoice price). 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Computer
property Franchise equipment Totals
£    £    £    £   
COST
At 1 August 2022 102,475 23,500 14,648 140,623
Additions 286,771 - - 286,771
At 31 July 2023 389,246 23,500 14,648 427,394
DEPRECIATION
At 1 August 2022 - 16,450 9,258 25,708
Charge for year - 1,175 1,348 2,523
At 31 July 2023 - 17,625 10,606 28,231
NET BOOK VALUE
At 31 July 2023 389,246 5,875 4,042 399,163
At 31 July 2022 102,475 7,050 5,390 114,915

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 565,105 544,488
Other debtors 4,800 9,600
Prepayments 259 353
570,164 554,441

WORLDWIDE DISTRIBUTION SERVICES LTD (REGISTERED NUMBER: 06543880)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 44,984 10,060
Trade creditors 414,213 456,166
Corporation tax 40,559 35,142
Social security and other taxes 514 -
VAT 17,342 6,070
Directors' current accounts - 74,796
517,612 582,234

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 2-5 years 23,044 32,695

8. RELATED PARTY DISCLOSURES

The company was under the control of Mr L Lashkhi throughout the current and previous periods. Mr L Lashkhi is the managing director and a shareholder.