Acorah Software Products - Accounts Production 16.1.200 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 03929775 Mr Jacob Dresdner iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03929775 2023-03-31 03929775 2024-03-31 03929775 2023-04-01 2024-03-31 03929775 frs-core:CurrentFinancialInstruments 2024-03-31 03929775 frs-core:ComputerEquipment 2024-03-31 03929775 frs-core:ComputerEquipment 2023-04-01 2024-03-31 03929775 frs-core:ComputerEquipment 2023-03-31 03929775 frs-core:FurnitureFittings 2024-03-31 03929775 frs-core:FurnitureFittings 2023-04-01 2024-03-31 03929775 frs-core:FurnitureFittings 2023-03-31 03929775 frs-core:PlantMachinery 2024-03-31 03929775 frs-core:PlantMachinery 2023-04-01 2024-03-31 03929775 frs-core:PlantMachinery 2023-03-31 03929775 frs-core:ShareCapital 2024-03-31 03929775 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 03929775 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03929775 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 03929775 frs-bus:SmallEntities 2023-04-01 2024-03-31 03929775 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03929775 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03929775 frs-bus:Director1 2023-04-01 2024-03-31 03929775 frs-countries:EnglandWales 2023-04-01 2024-03-31 03929775 2022-03-31 03929775 2023-03-31 03929775 2022-04-01 2023-03-31 03929775 frs-core:CurrentFinancialInstruments 2023-03-31 03929775 frs-core:ShareCapital 2023-03-31 03929775 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 03929775
WORLD OF TOYS LTD
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03929775
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,237 1,575
1,237 1,575
CURRENT ASSETS
Stocks 5 161,337 168,509
Cash at bank and in hand 4,188 3,120
165,525 171,629
Creditors: Amounts Falling Due Within One Year 6 (146,361 ) (152,784 )
NET CURRENT ASSETS (LIABILITIES) 19,164 18,845
TOTAL ASSETS LESS CURRENT LIABILITIES 20,401 20,420
NET ASSETS 20,401 20,420
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 20,301 20,320
SHAREHOLDERS' FUNDS 20,401 20,420
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jacob Dresdner
Director
11th December 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
WORLD OF TOYS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 03929775 . The registered office is 49 Oldhill Street, Stamford Hill, London, N16 6LU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% of Net Book Value
Fixtures & Fittings 20% of Net Book Value
Computer Equipment 25% of Net Book Value
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 166 6,061 1,802 8,029
As at 31 March 2024 166 6,061 1,802 8,029
Depreciation
As at 1 April 2023 143 5,191 1,120 6,454
Provided during the period 5 163 170 338
As at 31 March 2024 148 5,354 1,290 6,792
...CONTINUED
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Net Book Value
As at 31 March 2024 18 707 512 1,237
As at 1 April 2023 23 870 682 1,575
5. Stocks
2024 2023
£ £
Stock 161,337 168,509
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 24,899 46,271
Other creditors 121,132 106,213
Accruals and deferred income 330 300
146,361 152,784
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4