Worldwide Food Associates Ltd iXBRL

Worldwide Food Associates Ltd

Directors' Report and Unaudited Financial Statements

for the financial year ended 30 November 2025

Worldwide Food Associates Ltd

DIRECTORS AND OTHER INFORMATION


Directors	Mrs Gillian Marie Woods
	Mr Eric James Woods


Company Registration Number	09812465


Registered Office	Office 8
	1Clock Tower park
	Longmoor
	Liverpool
	L10 1LD


Accountants	Beaumont and Co
	Suite 5
	Martland Mill
	Burscough
	Lancashire
	L40 0SD

Worldwide Food Associates Ltd

DIRECTORS' REPORT

for the financial year ended 30 November 2025

The directors present their report and the unaudited financial statements for the financial year ended 30 November 2025.

Directors

The directors who served during the financial year are as follows:

Mrs Gillian Marie Woods

Mr Eric James Woods

There were no changes in shareholdings between 30 November 2025 and the date of signing the financial statements.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

___________________________

Mr Eric James Woods

Director

11 August 2026

Worldwide Food Associates Ltd

ACCOUNTANTS REPORT

to the Board of Directors on the Compilation of the unaudited financial statements of Worldwide Food Associates Ltd

for the financial year ended 30 November 2025

In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 30 November 2025 as set out on pages to which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

This report is made solely to the Board of Directors of Worldwide Food Associates Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by and have complied with the relevant ethical guidance laid down by relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet for the year ended 30 November 2025 your duty to ensure that Worldwide Food Associates Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Worldwide Food Associates Ltd. You consider that Worldwide Food Associates Ltd is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of Worldwide Food Associates Ltd. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

__________________________________

BEAUMONT AND CO

Suite 5

Martland Mill

Burscough

Lancashire

L40 0SD

11 August 2026

Worldwide Food Associates Ltd

PROFIT AND LOSS ACCOUNT

for the financial year ended 30 November 2025

	2025	2024
Notes	£	£

Turnover	1,633,287	2,087,934

Cost of sales	(1,388,866)	(1,687,453)
	─────────	─────────
Gross profit	244,421	400,481

Administrative expenses	(215,473)	(374,276)
	─────────	─────────
Profit before taxation	28,948	26,205

Tax on profit	(5,500)	(5,065)
	─────────	─────────
Profit for the financial year	23,448	21,140
	─────────	─────────
Total comprehensive income	23,448	21,140
	═════════	═════════

Worldwide Food Associates Ltd

Company Registration Number: 09812465

BALANCE SHEET

as at 30 November 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

7,570

7,570

─────────

Current Assets

Stocks

126,472

97,986

Debtors

397,558

408,845

Cash at bank and in hand

6,734

4,035

─────────

530,764

510,866

─────────

Creditors: amounts falling due within one year

(537,076)

(516,626)

─────────

Net Current Liabilities

(6,312)

(5,760)

─────────

Total Assets less Current Liabilities

1,258

1,810

═════════

Capital and Reserves

Called up share capital

100

100

Retained earnings

1,158

1,710

─────────

Shareholders' Funds

1,258

1,810

═════════

The financial statements have been prepared 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).

For the financial year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 11 August 2026 and signed on its behalf by



________________________________
Mr Eric James Woods
Director

Worldwide Food Associates Ltd

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 30 November 2025

General Information

Worldwide Food Associates Ltd is a company limited by shares incorporated and registered in England. The registered number of the company is 09812465. The registered office of the company is Office 8, 1Clock Tower park, Longmoor, Liverpool, L10 1LD. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 30 November 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. Cost comprises purchase price and other directly attributable costs. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment

15% Reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Leasing

Rentals payable under operating leases are dealt with in the Profit and Loss Account as incurred over the period of the rental agreement.

Stocks

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including directors, during the financial year was 0, (2024 - 0).


4.	Tangible assets
		Fixtures,	Total
		fittings and
		equipment
		£	£
	Cost
	At 1 December 2024	7,570	7,570
		─────────	─────────

	At 30 November 2025	7,570	7,570
		─────────	─────────
	Depreciation
	At 1 December 2024	-	-
		─────────	─────────
	At 30 November 2025	-	-
		─────────	─────────
	Net book value
	At 30 November 2025	7,570	7,570
		═════════	═════════
	At 30 November 2024	7,570	7,570
		═════════	═════════


5.	Stocks	2025	2024
		£	£

	Finished goods and goods for resale	126,472	97,986
		═════════	═════════

	The replacement cost of stock did not differ significantly from the figures shown.


6.	Debtors	2025	2024
		£	£

	Trade debtors	207,480	211,452
	Other debtors	79,868	87,560
	Taxation (Note 8)	80,208	82,310
	Prepayments and accrued income	30,002	27,523
		─────────	─────────
		397,558	408,845
		═════════	═════════


7.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Bank overdrafts	146,153	79,468
	Trade creditors	364,720	422,525
	Taxation (Note 8)	6,488	988
	Other creditors	66	66
	Accruals	19,649	13,579
		─────────	─────────
		537,076	516,626
		═════════	═════════


8.	Taxation	2025	2024
		£	£

	Debtors:
	VAT	80,208	80,246
	Corporation tax	-	2,064
		─────────	─────────
		80,208	82,310
		═════════	═════════
	Creditors:
	Corporation tax	5,500	-
	PAYE / NI	988	988
		─────────	─────────
		6,488	988
		═════════	═════════

Financial commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2025

2024

Due:

Within one year

3,740

9,835

Between one and five years

8,292

─────────

12,032

9,835

═════════

10.

Capital commitments

The company had no material capital commitments at the financial year-ended 30 November 2025.

11.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.

Worldwide Food Associates Ltd

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

TRADING STATEMENT

for the financial year ended 30 November 2025

	2025		2024
	£		£

Sales

1,633,287

2,087,934

─────────

Cost of sales

Opening stock	97,986	163,659
Purchases	1,191,184	1,376,468
Import duty	4,254	21,559
Storage	64,048	47,793
Carriage	97,593	114,607
Container freight	60,273	61,353
	─────────	─────────
	1,515,338	1,785,439
Closing stock	(126,472)	(97,986)
	─────────	─────────
	1,388,866	1,687,453
	─────────	─────────

Gross profit	244,421	400,481
	─────────	─────────
Gross profit Percentage	15.0%	19.2%
	─────────	─────────

Administrative expenses - Schedule 1	215,473	374,276
	─────────	─────────

Net profit	28,948	26,205
	═════════	═════════

Worldwide Food Associates Ltd

SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS

SCHEDULE 1: ADMINISTRATIVE EXPENSES ANALYSIS

for the financial year ended 30 November 2025

	2025		2024
£	£	£	£

Directors' and Staff Costs

Wages and salaries

73,564

82,596

Directors' salaries

40,348

39,348

Pension costs

4,585

2,330

Sales promotions

57,826

173,338

Staff welfare

─────────

176,370

297,612

Office Expenses

Printing, postage and stationery

1,098

786

Telephone Broadband

888

1,463

─────────

1,986

2,249

Premises and Equipment Expenses

Insurance

6,115

6,858

Leasing

12,032

9,835

Computer costs

8,275

7,647

─────────

26,422

24,340

General Expenses

General expenses

1,614

3,219

─────────

1,614

3,219

Sales and Promotional Expenses

Advertising

(12,766)

13,586

Motor expenses

2,981

2,830

Travelling

4,677

12,603

Entertaining

1,631

457

─────────

(3,477)

29,476

Professional and Financial Expenses

Legal and professional	-		1,600
Accountancy Fees	2,255		2,924
Factoring charges	9,276		11,945
Bank charges	1,027		911
	─────────		─────────
		12,558		17,380
		─────────		─────────
		215,473		374,276
		═════════		═════════