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REGISTERED NUMBER: 03993441 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Best of Both Worlds Limited

Best of Both Worlds Limited (Registered number: 03993441)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Best of Both Worlds Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Ms M C Sykes





SECRETARY: Mr A G Mitchell





REGISTERED OFFICE: The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR





REGISTERED NUMBER: 03993441 (England and Wales)





ACCOUNTANTS: DSCO
The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR

Best of Both Worlds Limited (Registered number: 03993441)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 817 725

CURRENT ASSETS
Stocks 3,638 2,675
Debtors 5 3,530 6,726
Cash at bank 81,610 48,923
88,778 58,324
CREDITORS
Amounts falling due within one year 6 22,705 8,172
NET CURRENT ASSETS 66,073 50,152
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,890

50,877

PROVISIONS FOR LIABILITIES 7 204 138
NET ASSETS 66,686 50,739

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 66,684 50,737
SHAREHOLDERS' FUNDS 66,686 50,739

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Best of Both Worlds Limited (Registered number: 03993441)

Balance Sheet - continued
31 October 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 director and authorised for issue on 6 June 2025 and were signed by:





Ms M C Sykes - Director


Best of Both Worlds Limited (Registered number: 03993441)

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

1. STATUTORY INFORMATION

Best of Both Worlds Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Best of Both Worlds Limited (Registered number: 03993441)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2023 4,926
Additions 1,187
At 31 October 2024 6,113
DEPRECIATION
At 1 November 2023 4,201
Charge for year 1,095
At 31 October 2024 5,296
NET BOOK VALUE
At 31 October 2024 817
At 31 October 2023 725

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 3,528 6,717
Other debtors 2 9
3,530 6,726

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Taxation and social security 10,748 6,481
Other creditors 11,957 1,691
22,705 8,172

7. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 204 138

Best of Both Worlds Limited (Registered number: 03993441)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2023 138
Accelerated capital allowances 66
Balance at 31 October 2024 204

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
2 Ordinary £1 2 2

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms M C Sykes.