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Registered Number: 12130539
England and Wales

 

 

 

WORLDWIDE BEARING TRADE LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
Director HOLIKOV Yan
Registered Number 12130539
Registered Office 85 GREAT PORTLAND STREET, FIRST FLOOR
LONDON
ENGLAND
W1W 7LT
Accountants WORLDWIDE BEARING TRADE LTD
85 GREAT PORTLAND STREET, FIRST FLOOR
LONDON
W1W 7LT
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 July 2023
Principal activities
Company conducts trade and procurement activities and is a supplier of components, equipment, various goods related to mechanical engineering and consumer goods, which it purchases from companies from Southeast Asia and sells on the territory Eastern Europe, the Baltic countries.
Directors
The directors who served the company throughout the year were as follows:
HOLIKOV Yan
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
HOLIKOV Yan
Director

Date approved: 23 April 2024
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 July 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
WORLDWIDE BEARING TRADE LTD
31 July 2023



....................................................
WORLDWIDE BEARING TRADE LTD
85 GREAT PORTLAND STREET, FIRST FLOOR
LONDON
W1W 7LT
23 April 2024
3
 
 
Notes
 
2023
£
  2022
£
Current assets      
Cash at bank and in hand 16,992    17,607 
Creditors: amount falling due within one year 3 (1,170)   (1,170)
Net current assets 15,822    16,437 
 
Total assets less current liabilities 15,822    16,437 
Net assets 15,822    16,437 
 

Capital and reserves
     
Called up share capital 4 1,000    1,000 
Profit and loss account 14,822    15,437 
Shareholder's funds 15,822    16,437 
 


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 23 April 2024 and were signed on its behalf by:


-------------------------------
HOLIKOV Yan
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 August 2021 1,000  10,449  11,449 
Profit for the year 4,988  4,988 
Total comprehensive income for the year 4,988  4,988 
Total investments by and distributions to owners
At 31 July 2022 1,000  15,437  16,437 
At 01 August 2022 1,000  15,437  16,437 
Profit for the year (615) (615)
Total comprehensive income for the year (615) (615)
Total investments by and distributions to owners
At 31 July 2023 1,000  14,822  15,822 
5
General Information
WORLDWIDE BEARING TRADE LTD is a private company, limited by shares, registered in England and Wales, registration number 12130539, registration address 85 GREAT PORTLAND STREET, FIRST FLOOR, LONDON, ENGLAND, W1W 7LT. The trading address of the company is URIEKSTES, 18, RIGA, LATVIA, LV-1005.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 2).
3.

Creditors: amount falling due within one year

2023
£
  2022
£
Other Creditors 1,170    1,170 
1,170    1,170 

4.

Share Capital

Authorised
1,000 Class A shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
1,000 Class A shares of £1.00 each 1,000    1,000 
1,000    1,000 

6