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World Master Chefs Limited

Registered Number
04083419
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

World Master Chefs Limited
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

MORGAN, Deirdre
MORGAN, Russell Lee Christopher
MORGAN-CUMMINS, Steven Andrew Jason, Mr.
MORGAN-CUMMINS, Victoria Elizabeth

Registered Address

Unit 25 Ongar Business Centre The Gables
Fyfield Road
Ongar
CM5 0GA

Registered Number

04083419 (England and Wales)
World Master Chefs Limited
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors3-603
Cash at bank and on hand5,2728,190
5,2728,793
Creditors amounts falling due within one year4(6,332)(7,239)
Net current assets (liabilities)(1,060)1,554
Total assets less current liabilities(1,060)1,554
Net assets(1,060)1,554
Capital and reserves
Called up share capital22
Profit and loss account(1,062)1,552
Shareholders' funds(1,060)1,554
The financial statements were approved and authorised for issue by the Board of Directors on 17 April 2025, and are signed on its behalf by:
MORGAN, Russell Lee Christopher
Director
Registered Company No. 04083419
World Master Chefs Limited
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
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).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover comprises subscription income receivable in respect of the period, exclusive of value added tax.
Borrowing costs
All borrowing costs are recognised in the profit and loss in the period in which they are incurred.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year44
3.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-603
Total-603
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts-4,788
Taxation and social security-1,633
Accrued liabilities and deferred income6,332818
Total6,3327,239