Worldkonnekt Ltd - Abbreviated accounts

Registered number

08330166

Worldkonnekt Ltd

Abbreviated Accounts

31 December 2013

Worldkonnekt Ltd
Registered number:		08330166
Abbreviated Balance Sheet
as at 31 December 2013

Notes			2013
£
Fixed assets
Tangible assets	2		209

Current assets
Debtors		130
Cash at bank and in hand		50,569
		50,699

Creditors: amounts falling due within one year		(42,098)

Net current assets			8,601

Total assets less current liabilities			8,810


Provisions for liabilities			(33)


Net assets			8,777

Capital and reserves
Called up share capital	3		100
Profit and loss account			8,677

Shareholders' funds			8,777

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



R Hickey
Director
Approved by the board on 22 September 2014

Worldkonnekt Ltd
Notes to the Abbreviated Accounts
for the year ended 31 December 2013

1	Accounting policies

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

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.


	Office equipment			25% reducing balance basis

	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.


2	Tangible fixed assets					£

	Cost
	Additions					264
	At 31 December 2013					264

	Depreciation
	Charge for the year					55
	At 31 December 2013					55

	Net book value
	At 31 December 2013					209


3	Share capital	Nominal		2013		2013
value			Number		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		100		100