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REGISTERED NUMBER: 10818244 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Worldbeaters Ltd

Worldbeaters Ltd (Registered number: 10818244)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Worldbeaters Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr C M Maines-Beasley
Mr A Tustin





REGISTERED OFFICE: Royal Quays Community Centre
Prince Consort Way
North Shields
Tyne and Wear
NE29 6XB





REGISTERED NUMBER: 10818244 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Worldbeaters Ltd (Registered number: 10818244)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 30,046 32,247

CURRENT ASSETS
Debtors 5 50,861 9,886
Cash at bank and in hand 84,425 113,924
135,286 123,810
CREDITORS
Amounts falling due within one year 6 32,170 24,204
NET CURRENT ASSETS 103,116 99,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

133,162

131,853

CREDITORS
Amounts falling due after more than one
year

7

28,328

34,216
NET ASSETS 104,834 97,637

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 104,833 97,636
SHAREHOLDERS' FUNDS 104,834 97,637

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Worldbeaters Ltd (Registered number: 10818244)

Balance Sheet - continued
30 June 2024


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 13 September 2024 and were signed on its behalf by:





Mr C M Maines-Beasley - Director


Worldbeaters Ltd (Registered number: 10818244)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Worldbeaters 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 estimated useful life.
Musical equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% 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.

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 5 (2023 - 5 ) .

Worldbeaters Ltd (Registered number: 10818244)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Musical Motor Computer
equipment vehicles equipment Totals
£ £ £ £
COST
At 1 July 2023 22,392 34,234 9,502 66,128
Additions - - 4,173 4,173
At 30 June 2024 22,392 34,234 13,675 70,301
DEPRECIATION
At 1 July 2023 3,359 25,122 5,400 33,881
Charge for year 2,855 2,278 1,241 6,374
At 30 June 2024 6,214 27,400 6,641 40,255
NET BOOK VALUE
At 30 June 2024 16,178 6,834 7,034 30,046
At 30 June 2023 19,033 9,112 4,102 32,247

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Trade debtors 46,438 6,831
Directors' loan accounts - 62
Prepayments 4,423 2,993
50,861 9,886

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£ £
Bank loans and overdrafts 6,250 6,250
Tax 17,824 9,801
Social security and other taxes 389 767
VAT 5,264 4,812
Other creditors 65 196
Directors' loan accounts 1,578 1,578
Accrued expenses 800 800
32,170 24,204

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£ £
Other loans - 1-2 years 28,328 34,216

Worldbeaters Ltd (Registered number: 10818244)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£ £
Mr A Tustin
Balance outstanding at start of year (1,578 ) 4,122
Amounts repaid - (5,700 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,578 ) (1,578 )

Mr C M Maines-Beasley
Balance outstanding at start of year 62 5,662
Amounts advanced - 100
Amounts repaid (62 ) (5,700 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 62

Worldbeaters Ltd

Report of the Accountants to the Directors of
Worldbeaters Ltd

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 Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on pages one to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


Date: .............................................