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Company Registration No. 01743701 (England and Wales)
Worldbay Limited Unaudited accounts for the year ended 31 December 2024
Worldbay Limited Unaudited accounts Contents
Page
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Worldbay Limited Company Information for the year ended 31 December 2024
Directors
Mrs M J Kaye Mr R S Kaye
Company Number
01743701 (England and Wales)
Registered Office
Churchill House 137 - 139 Brent Street London NW4 4DJ United Kingdom
Accountants
Clearfin Accountants Limited Churchill House 137-139 Brent Street London NW4 4DJ
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Worldbay Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
285 
Current assets
Inventories
68,924 
2 
Debtors
363,524 
357,224 
Cash at bank and in hand
32,177 
82,092 
464,625 
439,318 
Creditors: amounts falling due within one year
(21,787)
(20,064)
Net current assets
442,838 
419,254 
Net assets
442,838 
419,539 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
442,738 
419,439 
Shareholders' funds
442,838 
419,539 
For the year ending 31 December 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by
Mrs M J Kaye Director Company Registration No. 01743701
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Worldbay Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Worldbay Limited is a private company, limited by shares, registered in England and Wales, registration number 01743701. The registered office is Churchill House, 137 - 139 Brent Street, London, NW4 4DJ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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Worldbay Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2024
839 
At 31 December 2024
839 
Depreciation
At 1 January 2024
554 
Charge for the year
285 
At 31 December 2024
839 
Net book value
At 31 December 2024
- 
At 31 December 2023
285 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
68,924 
2 
68,924 
2 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
363,524 
357,224 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
10,175 
Taxes and social security
11,207 
- 
Other creditors
3,290 
3,290 
Loans from directors
78 
69 
Accruals
5,362 
6,530 
Deferred income
1,850 
- 
21,787 
20,064 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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