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REGISTERED NUMBER: SC637153 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Munchies Worldwide Ltd

Munchies Worldwide Ltd (Registered number: SC637153)






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


Munchies Worldwide Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: M Chamo





REGISTERED OFFICE: Unit 3, Morris Park
37 Rosyth Road
Glasgow
G5 0YE





REGISTERED NUMBER: SC637153 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Munchies Worldwide Ltd (Registered number: SC637153)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,577 13,620

CURRENT ASSETS
Stocks 5 1,357 1,540
Debtors 6 2,400 2,400
Cash at bank and in hand 13,831 12,829
17,588 16,769
CREDITORS
Amounts falling due within one year 7 11,788 9,237
NET CURRENT ASSETS 5,800 7,532
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,377

21,152

CREDITORS
Amounts falling due after more than one
year

8

15,826

20,607
NET ASSETS 1,551 545

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,451 445
SHAREHOLDERS' FUNDS 1,551 545

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 director acknowledges his 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.

Munchies Worldwide Ltd (Registered number: SC637153)

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 director and authorised for issue on 21 March 2024 and were signed by:





M Chamo - Director


Munchies Worldwide Ltd (Registered number: SC637153)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Munchies Worldwide Ltd is a private company, limited by shares , registered in Scotland. 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.
Fixtures and fittings - 20% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 August 2022
and 31 July 2023 16,000
DEPRECIATION
At 1 August 2022 2,380
Charge for year 2,043
At 31 July 2023 4,423
NET BOOK VALUE
At 31 July 2023 11,577
At 31 July 2022 13,620

5. STOCKS
31.7.23 31.7.22
£    £   
Stocks 1,357 1,540

Munchies Worldwide Ltd (Registered number: SC637153)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Prepayments and accrued income 2,400 2,400

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 2 -
Tax 6,066 3,006
Social security and other taxes 4,120 4,797
Accrued expenses 1,600 1,434
11,788 9,237

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bounce Back Loan 15,826 20,607

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary Share Capital £1 100 100