Abbreviated Company Accounts - WORLD DEVELOPMENT CORP. LTD

WORLD DEVELOPMENT CORP. LTD - Company Information

Registered Number 05489786

WORLD DEVELOPMENT CORP. LTD

Abbreviated Accounts

30 June 2014

WORLD DEVELOPMENT CORP. LTD Registered Number 05489786

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Investments	2	44,922	44,922
		44,922	44,922
Current assets
Cash at bank and in hand		2,111	2,111
		2,111	2,111
Creditors: amounts falling due within one year		(57,694)	(57,694)
Net current assets (liabilities)		(55,583)	(55,583)
Total assets less current liabilities		(10,661)	(10,661)
Total net assets (liabilities)		(10,661)	(10,661)
Capital and reserves
Called up share capital		1	1
Profit and loss account		(10,662)	(10,662)
Shareholders' funds		(10,661)	(10,661)

For the year ending 30 June 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 31 March 2015

And signed on their behalf by:
Ms SANDRA MADELEINE PERINE, Director

WORLD DEVELOPMENT CORP. LTD Registered Number 05489786

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Other accounting policies
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

2Fixed assets Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 July 2013 44,922
At 30 June 2014 44,922