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Registered Number: 09117127
England and Wales

 

 

 

WORLD BEARING COMPANY TM LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
Director UDODOVSKA Olha
Registered Number 09117127
Registered Office 85 GREAT PORTLAND STREET, FIRST FLOOR
LONDON
ENGLAND
W1W 7LT
Accountants WORLD BEARING COMPANY TM LTD
85 GREAT PORTLAND STREET, FIRST FLOOR

LONDON
W1W 7LT
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 July 2023
Director
The director who served the company throughout the year was as follows:
UDODOVSKA Olha (from 12/06/2019)
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director 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 director is 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 director is 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 director is 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 director is 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.

On behalf of the board.


----------------------------------
UDODOVSKA Olha
Director

Date approved: 24 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.
WORLD BEARING COMPANY TM LTD
31 July 2023



....................................................
WORLD BEARING COMPANY TM LTD
85 GREAT PORTLAND STREET, FIRST FLOOR

LONDON
W1W 7LT
24 April 2024
3
 
 
Notes
 
2023
£
  2022
£
Current assets      
Debtors 3 2,276,567    3,514,329 
Cash at bank and in hand 132,543    8,144 
2,409,110    3,522,473 
Creditors: amount falling due within one year 4 (1,925,307)   (2,369,970)
Net current assets 483,803    1,152,503 
 
Total assets less current liabilities 483,803    1,152,503 
Creditors: amount falling due after more than one year 5 (396,958)   (1,075,621)
Net assets 86,845    76,882 
 

Capital and reserves
     
Called up share capital 20,000    20,000 
Profit and loss account 66,845    56,882 
Shareholder's funds 86,845    76,882 
 


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.

Director's 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 director acknowledges 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 director on 24 April 2024 and were signed by:


-------------------------------
UDODOVSKA Olha
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 August 2021 20,000  47,502  67,502 
Profit for the year 9,380  9,380 
Total comprehensive income for the year 9,380  9,380 
Total investments by and distributions to owners
At 31 July 2022 20,000  56,882  76,882 
At 01 August 2022 20,000  56,882  76,882 
Profit for the year 9,963  9,963 
Total comprehensive income for the year 9,963  9,963 
Total investments by and distributions to owners
At 31 July 2023 20,000  66,845  86,845 
5
General Information
WORLD BEARING COMPANY TM LTD is a private company, limited by shares, registered in England and Wales, registration number 09117127, 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 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2.

Average number of employees

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

Debtors: amounts falling due within one year

2023
£
  2022
£
Other Debtors 2,276,567    3,514,329 
2,276,567    3,514,329 

4.

Creditors: amount falling due within one year

2023
£
  2022
£
Other Creditors 1,925,307    2,369,970 
1,925,307    2,369,970 

5.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Other Creditors 396,958    1,075,621 
396,958    1,075,621 

6