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Registered number: 03479625
World Suncare Products Limited
Financial Statements
For the Period 1 July 2024 to 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03479625
31 December 2024 30 June 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 560,456 602,817
560,456 602,817
CURRENT ASSETS
Stocks 5 - 274,606
Debtors 6 1,591,097 1,907,241
Cash at bank and in hand 3,225,498 3,954,887
4,816,595 6,136,734
Creditors: Amounts Falling Due Within One Year 7 (240,790 ) (1,468,389 )
NET CURRENT ASSETS (LIABILITIES) 4,575,805 4,668,345
TOTAL ASSETS LESS CURRENT LIABILITIES 5,136,261 5,271,162
Creditors: Amounts Falling Due After More Than One Year 8 (50,400 ) (54,163 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (51,193 ) (52,133 )
NET ASSETS 5,034,668 5,164,866
CAPITAL AND RESERVES
Called up share capital 10 2 2
Other reserves 516,003 214,221
Profit and Loss Account 4,518,663 4,950,643
SHAREHOLDERS' FUNDS 5,034,668 5,164,866
Page 1
Page 2
For the period 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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gary Banks
Director
24th December 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
World Suncare Products Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03479625 . The registered office is Mistry House, , 6- 8 Dudley Street, Luton, Beds, LU2 0NT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost or fair value less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Straight line over fifty years
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% Straight Line
The company revalued its Freehold Property to fair value to reflect current market value.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.7. 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 statement of comprehensive income because of items of income or expense that are taxable or deductible in other year 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 timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related 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.
3. Average Number of Employees
Average number of employees, including directors, during the period was:
31 December 2024 30 June 2024
Office and administration 1 3
Sales, marketing and distribution - 4
1 7
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost or Valuation
As at 1 July 2024 793,483 185,655 94,152 119,747
Additions - - - -
Disposals - (185,655 ) - (119,747 )
As at 31 December 2024 793,483 - 94,152 -
Depreciation
As at 1 July 2024 253,660 175,328 50,018 111,214
Provided during the period 19,253 - 5,517 -
Disposals - (175,328 ) - (111,214 )
As at 31 December 2024 272,913 - 55,535 -
Net Book Value
As at 31 December 2024 520,570 - 38,617 -
As at 1 July 2024 539,823 10,327 44,134 8,533
Page 4
Page 5
Computer Equipment Total
£ £
Cost or Valuation
As at 1 July 2024 - 1,193,037
Additions 1,450 1,450
Disposals - (305,402 )
As at 31 December 2024 1,450 889,085
Depreciation
As at 1 July 2024 - 590,220
Provided during the period 181 24,951
Disposals - (286,542 )
As at 31 December 2024 181 328,629
Net Book Value
As at 31 December 2024 1,269 560,456
As at 1 July 2024 - 602,817
5. Stocks
31 December 2024 30 June 2024
£ £
Materials - 274,606
6. Debtors
31 December 2024 30 June 2024
£ £
Due within one year
Trade debtors 11,847 254,252
Prepayments and accrued income - 82,589
Amounts owed by associates 1,579,250 1,570,400
1,591,097 1,907,241
7. Creditors: Amounts Falling Due Within One Year
31 December 2024 30 June 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,525 5,525
Trade creditors 630 28,590
Corporation tax 225,782 550,174
Other taxes and social security 632 357,422
VAT 8,221 205,712
Other creditors - 632
...CONTINUED
Page 5
Page 6
Amex Credit Card - 1,632
Accruals and deferred income - 11,972
Director's loan account - 306,730
240,790 1,468,389
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2024 30 June 2024
£ £
Net obligations under finance lease and hire purchase contracts 50,400 54,163
9. Obligations Under Finance Leases and Hire Purchase
31 December 2024 30 June 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,525 5,525
Later than one year and not later than five years 50,400 54,163
55,925 59,688
55,925 59,688
10. Share Capital
31 December 2024 30 June 2024
£ £
Allotted, Called up and fully paid 2 2
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