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REGISTERED NUMBER: 12658257 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

CNS WORLDWIDE LTD

CNS WORLDWIDE LTD (REGISTERED NUMBER: 12658257)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CNS WORLDWIDE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: Mr F C P Chretien
Miss M S Z Pocock



REGISTERED OFFICE: 3rd Floor Office
207 Regent Street
LONDON
W1B 3HH



REGISTERED NUMBER: 12658257 (England and Wales)



ACCOUNTANTS: Michael Heaven & Associates Limited
Chartered Certified Accountants
47 Calthorpe Road
Edgbaston
BIRMINGHAM
B15 1TH



BANKERS: Wise
TransferWise Ltd
56 Shoreditch High Street
London
E1 6JJ



INCORPORATED: 9th June 2020

CNS WORLDWIDE LTD (REGISTERED NUMBER: 12658257)

ABRIDGED BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,407 2,685

CURRENT ASSETS
Debtors 69,722 118,749
Cash at bank 15,074 32,240
84,796 150,989
CREDITORS
Amounts falling due within one year 88,394 104,564
NET CURRENT (LIABILITIES)/ASSETS (3,598 ) 46,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,809

49,110

PROVISIONS FOR LIABILITIES 5 1,698 712
NET ASSETS 1,111 48,398

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 1,011 48,298
SHAREHOLDERS' FUNDS 1,111 48,398

CNS WORLDWIDE LTD (REGISTERED NUMBER: 12658257)

ABRIDGED BALANCE SHEET - continued
30TH JUNE 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 29th January 2024 and were signed on its behalf by:




Mr F C P Chretien - Director Mr K M Smeets - Director




Miss M S Z Pocock - Director


CNS WORLDWIDE LTD (REGISTERED NUMBER: 12658257)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023


1. STATUTORY INFORMATION

CNS Worldwide Ltd 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from and to related parties.

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.


CNS WORLDWIDE LTD (REGISTERED NUMBER: 12658257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

CNS WORLDWIDE LTD (REGISTERED NUMBER: 12658257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st July 2022 3,945
Additions 6,304
At 30th June 2023 10,249
DEPRECIATION
At 1st July 2022 1,260
Charge for year 2,582
At 30th June 2023 3,842
NET BOOK VALUE
At 30th June 2023 6,407
At 30th June 2022 2,685

5. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,698 712

Deferred
tax
£   
Balance at 1st July 2022 712
Provided during year 986
Balance at 30th June 2023 1,698

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

CNS WORLDWIDE LTD (REGISTERED NUMBER: 12658257)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
25 Ordinary A £1 25 25
50 Ordinary B £1 50 50
25 Ordinary C £1 25 25
100 100

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th June 2023 and 30th June 2022:

2023 2022
£    £   
Mr F C P Chretien and Miss M S Z Pocock
Balance outstanding at start of year 54,672 (75,846 )
Amounts advanced 266,254 286,384
Amounts repaid (269,750 ) (155,866 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,176 54,672