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REGISTERED NUMBER: 02894575 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2018

for

World Certification Services Limited

World Certification Services Limited (Registered number: 02894575)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


World Certification Services Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: W Slocombe
J Slocombe
G Slocombe





SECRETARY: L J Allmark





REGISTERED OFFICE: Station Court
Ormskirk Road
Aintree
Merseyside
L9 5AA





REGISTERED NUMBER: 02894575 (England and Wales)





ACCOUNTANTS: Wilson Henry LLP
145 Edge Lane
Liverpool
Merseyside
L7 2PF

World Certification Services Limited (Registered number: 02894575)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 213,769 214,057
Investment property 5 130,000 182,228
343,769 396,285

CURRENT ASSETS
Debtors 6 21,516 16,930
Cash at bank and in hand 420,763 331,827
442,279 348,757
CREDITORS
Amounts falling due within one year 7 91,262 97,884
NET CURRENT ASSETS 351,017 250,873
TOTAL ASSETS LESS CURRENT
LIABILITIES

694,786

647,158

CREDITORS
Amounts falling due after more than one
year

8

(77,590

)

(83,404

)

PROVISIONS FOR LIABILITIES (4,316 ) (3,645 )
NET ASSETS 612,880 560,109

CAPITAL AND RESERVES
Called up share capital 106 106
Share premium 900 900
Retained earnings 611,874 559,103
SHAREHOLDERS' FUNDS 612,880 560,109

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as at
the end of each financial year and of its profit or loss for each 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.

World Certification Services Limited (Registered number: 02894575)

Balance Sheet - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 7 September 2018 and were signed on its
behalf by:





G Slocombe - Director


World Certification Services Limited (Registered number: 02894575)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

World Certification Services Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax, derived from the
Company's principal activities.

Turnover is recognised on the completion of an audit assignment.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on reducing balance and 5% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured using
tax rates and laws that have been enacted or substantively enacted by the year end and that are expected
to apply to the reversal of the timing difference.

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.

World Certification Services Limited (Registered number: 02894575)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

2. ACCOUNTING POLICIES - continued

Foreign currency transactions
Transactions denominated in foreign currencies are translated into sterling using the spot rate of
exchange ruling at the date of the transaction.

Unsettled monetary assets and liabilities denominated in foreign currencies are retranslated into sterling at
the closing rates of exchange ruling at the balance sheet date. On settlement, an exchange gain or loss is
recognised as the difference between the initial value of the asset or liability and the value of the receipt or
payment required for settlement.

All exchange gains or losses on settled transactions and unsettled monetary items shall be reported as
part of the profit or loss for the period from ordinary activities.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of
the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's
pension scheme are charged to profit or loss in the period to which they relate.

Payments in respect of other post-retirement benefits are charged to profit or loss in the period to which
they relate.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2017 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2017 180,033 150,615 330,648
Additions - 11,184 11,184
At 31 March 2018 180,033 161,799 341,832
DEPRECIATION
At 1 April 2017 10,802 105,789 116,591
Charge for year 3,601 7,871 11,472
At 31 March 2018 14,403 113,660 128,063
NET BOOK VALUE
At 31 March 2018 165,630 48,139 213,769
At 31 March 2017 169,231 44,826 214,057

World Certification Services Limited (Registered number: 02894575)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2017 182,228
Revaluations (52,228 )
At 31 March 2018 130,000
NET BOOK VALUE
At 31 March 2018 130,000
At 31 March 2017 182,228

Fair value at 31 March 2018 is represented by:

£   
Valuation in 2018 (52,228 )
Cost 182,228
130,000

If investment property had not been revalued it would have been included at the following historical cost:

2018 2017
£    £   
Cost 182,228 182,228

Investment property was valued on an open market basis on 31 March 2018 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 4,643 2,773
Amounts owed by participating interests 2,743 343
Other debtors 14,130 13,814
21,516 16,930

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 9,716 9,716
Trade creditors 2,723 505
Taxation and social security 50,297 54,555
Other creditors 28,526 33,108
91,262 97,884

World Certification Services Limited (Registered number: 02894575)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans 77,590 83,404

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - >5 years 38,727 44,541

9. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 87,306 93,120

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following interest-free advances and credits to directors subsisted during the year:

20172017
£   £   
Balance brought forward1,5711,430
Total advances during the year-141
Total repayments during the year--
Balance carried forward1,5711,571