World of Kids 3 Limited Filleted Accounts Cover
Registered number
08436727
World of Kids 3 Limited
Filleted Accounts
30 April 2024
World of Kids 3 Limited Balance Sheet Registrar
at
30 April 2024
Company No.
08436727
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
--
Tangible assets
5
391,834391,116
391,834391,116
Current assets
Debtors
6
1,718
18,242
Cash at bank and in hand
18,082
39,293
19,800
57,535
Creditors: Amount falling due within one year
7
(143,254)
()
(94,732)
()
Net current liabilities
(123,454)
(37,197)
Total assets less current liabilities
268,380353,919
Creditors: Amounts falling due after more than one year
8
(173,144)
(201,361)
Net assets
95,236152,558
Capital and reserves
Called up share capital
100100
Profit and loss account
9
95,136152,458
Total equity
95,236152,558
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 25 April 2025 and signed on its behalf by:
J.P. O'Mahoney
Director
25 April 2025
World of Kids 3 Limited Notes to the Accounts Registrar
for the year ended 30 April 2024
1
General information
World of Kids 3 Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 08436727
Its registered office is:
Bank Chambers
1-3 Woodford Avenue
Gants Hill, Ilford
Essex
IG2 6UF
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Freehold buildings
% Over 50 years
Leasehold land and buildings
Over the lease term
Plant and machinery
15% reducing balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
1813
4
Intangible fixed assets
Goodwill
Total
£
£
Cost
At 1 May 2023
22,50022,500
At 30 April 2024
22,50022,500
Amortisation and impairment
At 1 May 2023
22,50022,500
At 30 April 2024
22,50022,500
Net book values
At 30 April 2024
--
At 30 April 2023
--
5
Tangible fixed assets
Land and buildings
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost or revaluation
At 1 May 2023
369,19247,86418,000435,056
Additions
--13,95013,950
Disposals
--
(18,000)
(18,000)
At 30 April 2024
369,19247,86413,950431,006
Depreciation
At 1 May 2023
-33,53410,40643,940
Charge for the year
-2,1503,4885,638
Disposals
--
(10,406)
(10,406)
At 30 April 2024
-35,6843,48839,172
Net book values
At 30 April 2024
369,19212,18010,462391,834
At 30 April 2023
369,192
14,330
7,594
391,116
6
Debtors
2024
2023
£
£
Other debtors
1,71818,242
1,71818,242
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
24,29024,290
Taxes and social security
73,310
28,130
Loans from directors
463494
Other creditors
45,19141,818
143,25494,732
8
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
173,144201,361
173,144201,361
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
10
Dividends
2024
2023
£
£
Dividends for the period:
Dividends paid in the period
197,500
134,000
197,500
134,000
Dividends by type:
Equity dividends
197,500134,000
197,500
134,000
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