IRIS Accounts Production v23.1.0.753 03509821 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure035098212022-12-31035098212023-12-31035098212023-01-012023-12-31035098212021-12-31035098212022-01-012022-12-31035098212022-12-3103509821ns15:EnglandWales2023-01-012023-12-3103509821ns14:PoundSterling2023-01-012023-12-3103509821ns10:Director12023-01-012023-12-3103509821ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103509821ns10:SmallEntities2023-01-012023-12-3103509821ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3103509821ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103509821ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103509821ns10:FullAccounts2023-01-012023-12-3103509821ns10:OrdinaryShareClass12023-01-012023-12-3103509821ns10:Director22023-01-012023-12-3103509821ns10:Director32023-01-012023-12-3103509821ns10:Director42023-01-012023-12-3103509821ns10:RegisteredOffice2023-01-012023-12-3103509821ns5:CurrentFinancialInstruments2023-12-3103509821ns5:CurrentFinancialInstruments2022-12-3103509821ns5:ShareCapital2023-12-3103509821ns5:ShareCapital2022-12-3103509821ns5:RetainedEarningsAccumulatedLosses2023-12-3103509821ns5:RetainedEarningsAccumulatedLosses2022-12-3103509821ns5:LeaseholdImprovements2023-01-012023-12-3103509821ns5:PlantMachinery2023-01-012023-12-3103509821ns5:FurnitureFittings2023-01-012023-12-3103509821ns5:ComputerEquipment2023-01-012023-12-3103509821ns5:PlantMachinery2022-12-3103509821ns5:PlantMachinery2023-12-3103509821ns5:PlantMachinery2022-12-3103509821ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3103509821ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3103509821ns10:OrdinaryShareClass12023-12-3103509821ns5:RetainedEarningsAccumulatedLosses2022-12-3103509821ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 03509821 (England and Wales)















WORLD WIDE FITTINGS UK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






WORLD WIDE FITTINGS UK LIMITED (REGISTERED NUMBER: 03509821)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 6

WORLD WIDE FITTINGS UK LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: J A Sheil
M Casey
S McCarthy
Mrs J McCarthy





REGISTERED OFFICE: The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW





REGISTERED NUMBER: 03509821 (England and Wales)





ACCOUNTANTS: Phoenix Associates Limited
Chartered Certified Accountants
The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW

WORLD WIDE FITTINGS UK LIMITED (REGISTERED NUMBER: 03509821)

BALANCE SHEET
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,045 18,854

CURRENT ASSETS
Stocks 5 873,028 973,005
Debtors 6 674,789 621,423
Cash at bank and in hand 83,372 177,325
1,631,189 1,771,753
CREDITORS
Amounts falling due within one year 7 1,510,056 1,824,662
NET CURRENT ASSETS/(LIABILITIES) 121,133 (52,909 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

148,178

(34,055

)

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Retained earnings 9 138,178 (44,055 )
SHAREHOLDERS' FUNDS 148,178 (34,055 )

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

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

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2024 and were signed on its behalf by:





J A Sheil - Director


WORLD WIDE FITTINGS UK LIMITED (REGISTERED NUMBER: 03509821)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

World Wide Fittings UK 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.

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 - in accordance with the property
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling using a predetermined estimated annual exchange rate. Upon payment or receipt of the transactions the exchange differences are taken into account in arriving at the operating result.

WORLD WIDE FITTINGS UK LIMITED (REGISTERED NUMBER: 03509821)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 15 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 151,853
Additions 16,640
At 31 December 2023 168,493
DEPRECIATION
At 1 January 2023 132,999
Charge for year 8,449
At 31 December 2023 141,448
NET BOOK VALUE
At 31 December 2023 27,045
At 31 December 2022 18,854

5. STOCKS
31/12/23 31/12/22
£    £   
Stocks 873,028 973,005

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 458,818 453,353
Other debtors 215,971 168,070
674,789 621,423

WORLD WIDE FITTINGS UK LIMITED (REGISTERED NUMBER: 03509821)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 61,782 24,823
Amounts owed to participating interests 1,305,790 1,719,429
Taxation and social security 28,998 33,452
Other creditors 113,486 46,958
1,510,056 1,824,662

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
10,000 Ordinary £1 10,000 10,000

9. RESERVES
Retained
earnings
£   

At 1 January 2023 (44,055 )
Profit for the year 182,233
At 31 December 2023 138,178

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WORLD WIDE FITTINGS UK LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit & Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of World Wide Fittings UK Limited for the year ended 31 December 2023 which comprise the Profit & Loss Account, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of World Wide Fittings UK Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of World Wide Fittings UK Limited and state those matters that we have agreed to state to the Board of Directors of World Wide Fittings UK Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that World Wide Fittings UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of World Wide Fittings UK Limited. You consider that World Wide Fittings UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of World Wide Fittings UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Phoenix Associates Limited
Chartered Certified Accountants
The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW


13 February 2024