COMPANY REGISTRATION NUMBER:
02397575
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E.H. Worlee & Co. (U.K.) Limited |
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Filleted Unaudited Financial Statements |
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E.H. Worlee & Co. (U.K.) Limited |
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Year ended 31 December 2024
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Statement of financial position |
1 |
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Notes to the financial statements |
2 to 4 |
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E.H. Worlee & Co. (U.K.) Limited |
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Statement of Financial Position |
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31 December 2024
Current assets
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Debtors |
5 |
2,595 |
28,503 |
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Cash at bank and in hand |
291,514 |
201,173 |
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--------- |
--------- |
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294,109 |
229,676 |
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Creditors: amounts falling due within one year |
6 |
68,882 |
2,859 |
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--------- |
--------- |
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Net current assets |
225,227 |
226,817 |
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--------- |
--------- |
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Total assets less current liabilities |
225,227 |
226,817 |
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--------- |
--------- |
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Net assets |
225,227 |
226,817 |
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--------- |
--------- |
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Capital and reserves
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Called up share capital |
40,000 |
40,000 |
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Profit and loss account |
185,227 |
186,817 |
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--------- |
--------- |
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Shareholders funds |
225,227 |
226,817 |
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--------- |
--------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
1 September 2025
, and are signed on behalf of the board by:
Company registration number:
02397575
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E.H. Worlee & Co. (U.K.) Limited |
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Notes to the Financial Statements |
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Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 King Street, Newcastle-under-Lyme, Staffordshire, ST5 1JE.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A, The Financial Reporting Standard applicable in the UK and Republic of Ireland. These accounts have been prepared on a basis other than going concern. The company ceased trading on 30 June 2023. The financial statements are prepared in sterling which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Revenue includes revenue earned from the sale of goods and services and from sales commissions earned. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer and it is probable that the company will receive previously agreed upon payments. These criteria are considered to be met when the goods are delivered to the buyer. Commission is recognised as it is earned. Revenue from agency sales is netted off against the associated costs with only commission amounts recognised as income.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objectives evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and in hand. Trade creditors Trade creditors are not interest bearing and are stated at their nominal value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil
(2023:
2
).
5.
Debtors
|
2024 |
2023 |
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£ |
£ |
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Other debtors |
2,595 |
28,503 |
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------- |
-------- |
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6.
Creditors:
amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Amounts owed to group undertakings |
67,429 |
– |
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Accruals |
1,453 |
2,859 |
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-------- |
------- |
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68,882 |
2,859 |
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-------- |
------- |
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7.
Related party transactions
At 31 December 2024 the company owed £67,429 (2023: £Nil) to Worlee-Chemie GmbH. The immediate parent company which prepares group financial statements is E H Worlee & Co BV. The registered office and principle place of business of that company is Meenthof 17A, 1241 CP Kortenhoef, Netherlands.