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REGISTERED NUMBER: 05111305 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Worldwide Marketing Ltd

Worldwide Marketing Ltd (Registered number: 05111305)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Worldwide Marketing Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr S Smith
Mrs B Smith





SECRETARY: A. T. (Lytham) Limited





REGISTERED OFFICE: 17-19 Park Street
Lytham
Lancashire
FY8 5LU





REGISTERED NUMBER: 05111305 (England and Wales)





ACCOUNTANTS: Ashworth Treasure Limited
Chartered Accountants
17-19 Park Street
Lytham
Lancashire
FY8 5LU

Worldwide Marketing Ltd (Registered number: 05111305)

Abridged Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 355,351 359,351
Investments 5 100,000 100,000
455,351 459,351

CURRENT ASSETS
Cash at bank 1,821,350 1,507,389

CREDITORS
Amounts falling due within one year 782,704 217,756
NET CURRENT ASSETS 1,038,646 1,289,633
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,493,997

1,748,984

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 1,393,997 1,648,984
SHAREHOLDERS' FUNDS 1,493,997 1,748,984

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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 April 2025 and were signed on its behalf by:





Mr S Smith - Director


Worldwide Marketing Ltd (Registered number: 05111305)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Worldwide Marketing 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.

Preparation of consolidated financial statements
The financial statements contain information about Worldwide Marketing Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 2 (2023 - 5 ) .

Worldwide Marketing Ltd (Registered number: 05111305)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 August 2023
and 31 July 2024 415,351
DEPRECIATION
At 1 August 2023 56,000
Charge for year 4,000
At 31 July 2024 60,000
NET BOOK VALUE
At 31 July 2024 355,351
At 31 July 2023 359,351

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 August 2023
and 31 July 2024 100,000
NET BOOK VALUE
At 31 July 2024 100,000
At 31 July 2023 100,000

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount owed to directors at the year end totalled £161,635 (2023: £68,798).