WORLDWIDE TROPICALS LIMITED


Directors	MURRAY, Clifford David James
	SMITH, Deryk Joseph


Company Secretary	SMITH, Deryk


Registered Address	Caledonia House
	89 Seaward Street
	Glasgow
	G41 1HJ


Registered Number	SC161627 (Scotland)

Statement of Financial Position
30 June 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	4		187,960		189,688
			187,960		189,688
Current assets
Stocks	5	40,119		35,900
Debtors	6	415,947		376,020
Cash at bank and on hand		464,346		295,838
		920,412		707,758
Creditors amounts falling due within one year	7	(274,121)		(231,291)
Net current assets (liabilities)			646,291		476,467
Total assets less current liabilities			834,251		666,155
Creditors amounts falling due after one year	8		-		(5,290)
Provisions for liabilities			(36,877)		(36,354)
Net assets			797,374		624,511
Capital and reserves
Called up share capital			5		5
Profit and loss account			797,369		624,506
Shareholders' funds			797,374		624,511

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 9 September 2026, and are signed on its behalf by:

MURRAY, Clifford David James
Director
Registered Company No. SC161627

WORLDWIDE TROPICALS LIMITED

Notes to the Financial Statements
for the year ended 30 June 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	10
Plant and machinery	10	-
Fixtures and fittings	10	-
Vehicles	25	-
Office Equipment	-	3

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	16		16

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 July 25	30,000	30,000
At 30 June 26	30,000	30,000
Amortisation and impairment
At 01 July 25	30,000	30,000
At 30 June 26	30,000	30,000
Net book value
At 30 June 26	-	-
At 30 June 25	-	-

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 July 25	60,240	49,721	111,209	98,103	6,032	325,305
Additions	2,450	1,665	71,034	220	-	75,369
Disposals	-	-	(64,630)	-	-	(64,630)
At 30 June 26	62,690	51,386	117,613	98,323	6,032	336,044
Depreciation and impairment
At 01 July 25	15,969	33,517	39,921	41,130	5,080	135,617
Charge for year	6,269	1,788	26,492	5,719	475	40,743
On disposals	-	-	(28,276)	-	-	(28,276)
At 30 June 26	22,238	35,305	38,137	46,849	5,555	148,084
Net book value
At 30 June 26	40,452	16,081	79,476	51,474	477	187,960
At 30 June 25	44,271	16,204	71,288	56,973	952	189,688

5.	Stocks

	2026	2025
	£	£
Finished goods	40,119	35,900
Total	40,119	35,900

6.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	407,698	367,538
Prepayments and accrued income	8,249	8,482
Total	415,947	376,020

7.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	90,168	106,955
Taxation and social security	177,392	106,577
Finance lease and HP contracts	-	5,771
Other creditors	501	7,002
Accrued liabilities and deferred income	6,060	4,986
Total	274,121	231,291

8.	Creditors: amounts due after one year

	2026	2025
	£	£
Other creditors	-	5,290
Total	-	5,290

9.	Secured creditors
	Hire purchase obligations are secured over the assets to which they relate.

10.	Operating lease commitments
	At 30 June 2026 the company had future minimum lease payments under non-cancellable operating leases of [£34,000] (2025 - £60,000).