Abbreviated Company Accounts - WORLDWIDE EXOTICS LIMITED

WORLDWIDE EXOTICS LIMITED - Company Information

00862577 WORLDWIDE EXOTICS LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 00862577 2013-06-01 2014-05-31 00862577 2014-05-31 00862577 2013-05-31 00862577 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 00862577 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 00862577

WORLDWIDE EXOTICS LIMITED

Abbreviated Accounts

31 May 2014

WORLDWIDE EXOTICS LIMITED Registered Number 00862577

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	8,203	10,995
		8,203	10,995
Current assets
Debtors		836,703	961,300
Cash at bank and in hand		-	31,620
		836,703	992,920
Creditors: amounts falling due within one year		(722,072)	(852,003)
Net current assets (liabilities)		114,631	140,917
Total assets less current liabilities		122,834	151,912
Provisions for liabilities		(795)	(1,168)
Total net assets (liabilities)		122,039	150,744
Capital and reserves
Called up share capital	3	763	763
Share premium account		7,487	7,487
Revaluation reserve		4,000	4,000
Profit and loss account		109,789	138,494
Shareholders' funds		122,039	150,744

For the year ending 31 May 2014 the company was entitled to exemption 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.

Approved by the Board on 24 February 2015

And signed on their behalf by:
T H Crump, Director

WORLDWIDE EXOTICS LIMITED Registered Number 00862577

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery - 20% reducing balance
Computer equipment - 33.33% reducing balance
Fixtures, fittings & equipment - 20% reducing balance

Other accounting policies
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company has not prepared group accounts as it is exempt from the requirement to do so by section 400 of the Companies Act 2006 as it is a subsidiary undertaking of Mummy's Little Angels Limited, a company incorporated in England and Wales.

2Tangible fixed assets

	£
Cost
At 1 June 2013	64,687
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	64,687
Depreciation
At 1 June 2013	53,692
Charge for the year	2,792
On disposals	-
At 31 May 2014	56,484
Net book values
At 31 May 2014	8,203
At 31 May 2013	10,995

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
763 Ordinary shares of £1 each	763	763