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REGISTERED NUMBER: 03557369 (England and Wales)















World Nuclear Transport Limited

Financial Statements

for the Year Ended 31 March 2023






World Nuclear Transport Limited (Registered number: 03557369)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


World Nuclear Transport Limited

Company Information
for the year ended 31 March 2023







Directors: P G Buchan
K Nakama
Y Ogawa
O Oldiges
C J Watson
M D White
Ms J Boutteau





Registered office: Victoria House
Southampton Row
London
WC1B 4DA





Registered number: 03557369 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

World Nuclear Transport Limited (Registered number: 03557369)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 18,667 27,417
Tangible assets 5 14,830 14,641
33,497 42,058

Current assets
Debtors 6 260,716 181,680
Cash at bank 1,409,763 852,359
1,670,479 1,034,039
Creditors
Amounts falling due within one year 7 1,649,701 1,049,720
Net current assets/(liabilities) 20,778 (15,681 )
Total assets less current liabilities 54,275 26,377

Reserves
Retained earnings 9 54,275 26,377
54,275 26,377

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 31 March 2024 and were signed on its behalf by:





C J Watson - Director


World Nuclear Transport Limited (Registered number: 03557369)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

World Nuclear Transport Limited is a private company, limited by guarantee , 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.

Judgements
The company may be required to make estimates and assumptions concerning the future. These estimates and judgements are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The resulting accounting estimates will, by definition, seldom equal the related actual results. The principal areas where judgement was exercised are as follows:

- Tangible fixed assets: the directors annually assess both the residual value of these assets and the expected useful life of such assets based on experience.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Computer Equipment - 33%

Fixtures & Fittings - 20%

Office Equipment - 20%

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.


World Nuclear Transport Limited (Registered number: 03557369)

Notes to the Financial Statements - continued
for the year ended 31 March 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 currency transactions and balances
Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

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.

Cash and cash equivalents
Cash and ash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a know amount of cash and are subject an insignificant risk of change in value.

Trade debtors
Trade debtors are membership subscriptions receivable from members.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3. Employees and directors

The average number of employees during the year was 4 (2022 - 4 ) .

World Nuclear Transport Limited (Registered number: 03557369)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


4. Intangible fixed assets
Other
intangible
assets
£
Cost
At 1 April 2022
and 31 March 2023 35,000
Amortisation
At 1 April 2022 7,583
Charge for year 8,750
At 31 March 2023 16,333
Net book value
At 31 March 2023 18,667
At 31 March 2022 27,417

5. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 April 2022 30,502
Additions 5,254
At 31 March 2023 35,756
Depreciation
At 1 April 2022 15,861
Charge for year 5,065
At 31 March 2023 20,926
Net book value
At 31 March 2023 14,830
At 31 March 2022 14,641

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors - 22,000
Other debtors 260,716 159,680
260,716 181,680

World Nuclear Transport Limited (Registered number: 03557369)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


7. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 26,304 38,293
Taxation and social security 6,890 10,327
Other creditors 1,616,507 1,001,100
1,649,701 1,049,720

8. Leasing agreements
20232022

<1 year 189,750.00 156,750.00
2-5 years 33,000.00 222,750.00
>5 years - -

222,750.00 379,500.00

9. Reserves
Retained
earnings
£

At 1 April 2022 26,377
Profit for the year 27,898
At 31 March 2023 54,275