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REGISTERED NUMBER: SC235907 (Scotland)















CCW WORLD LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024






CCW WORLD LIMITED (REGISTERED NUMBER: SC235907)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CCW WORLD LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: D Maclean
D J Morrison
D K Morrison





SECRETARY:





REGISTERED OFFICE: 26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF





REGISTERED NUMBER: SC235907 (Scotland)





ACCOUNTANTS: Mann Judd Gordon Ltd
Chartered Accountants
26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF

CCW WORLD LIMITED (REGISTERED NUMBER: SC235907)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 388,232 373,267
388,232 373,267

CURRENT ASSETS
Stocks 6 143,071 146,205
Debtors 7 50,342 43,564
Cash at bank 220,686 187,690
414,099 377,459
CREDITORS
Amounts falling due within one year 8 339,292 334,996
NET CURRENT ASSETS 74,807 42,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

463,039

415,730

CREDITORS
Amounts falling due after more than one year 9 (13,156 ) -

PROVISIONS FOR LIABILITIES (12,709 ) (4,805 )
NET ASSETS 437,174 410,925

CAPITAL AND RESERVES
Called up share capital 1,500 1,500
Retained earnings 435,674 409,425
SHAREHOLDERS' FUNDS 437,174 410,925

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

CCW WORLD LIMITED (REGISTERED NUMBER: SC235907)

BALANCE SHEET - continued
31 March 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 15 May 2024 and were signed on its behalf by:




D J Morrison - Director D Maclean - Director




D K Morrison - Director


CCW WORLD LIMITED (REGISTERED NUMBER: SC235907)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

CCW World Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The accounts are rounded to the nearest £1.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% depreciation on cost
Plant and machinery - 25% depreciation on reducing balance
Fixtures and fittings - 25% depreciation on reducing balance
Motor vehicles - 25% depreciation on reducing balance
Computer equipment - 25% depreciation 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.

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 7 (2023 - 10 ) .

CCW WORLD LIMITED (REGISTERED NUMBER: SC235907)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 270,000
AMORTISATION
At 1 April 2023
and 31 March 2024 270,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 320,000 69,948 1,788
Additions - - -
Disposals - - -
At 31 March 2024 320,000 69,948 1,788
DEPRECIATION
At 1 April 2023 - 41,970 1,290
Charge for year - 13,989 125
Eliminated on disposal - - -
At 31 March 2024 - 55,959 1,415
NET BOOK VALUE
At 31 March 2024 320,000 13,989 373
At 31 March 2023 320,000 27,978 498

CCW WORLD LIMITED (REGISTERED NUMBER: SC235907)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 10,695 72,139 2,228 476,798
Additions - 39,996 - 39,996
Disposals - (17,427 ) - (17,427 )
At 31 March 2024 10,695 94,708 2,228 499,367
DEPRECIATION
At 1 April 2023 9,900 48,143 2,228 103,531
Charge for year 199 9,982 - 24,295
Eliminated on disposal - (16,691 ) - (16,691 )
At 31 March 2024 10,099 41,434 2,228 111,135
NET BOOK VALUE
At 31 March 2024 596 53,274 - 388,232
At 31 March 2023 795 23,996 - 373,267

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 143,071 146,205

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 50,342 43,564

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 6,870 -
Trade creditors 46,389 56,894
Social security and other taxes 31,563 27,206
Pension Control Account 479 903
VAT 23,742 20,194
Inter company 197,934 197,934
Directors' current accounts 22,315 21,865
Accrued expenses 10,000 10,000
339,292 334,996

CCW WORLD LIMITED (REGISTERED NUMBER: SC235907)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 13,156 -

10. RELATED PARTY DISCLOSURES

Current liabilities includes directors loans of £22,315 (2023 : £21,865). There are no repayment terms in place and no interest is being charged.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.