Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30trueNo description of principal activity2022-12-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false55true 00941113 2022-12-01 2023-11-30 00941113 2021-12-01 2022-11-30 00941113 2023-11-30 00941113 2022-11-30 00941113 c:CompanySecretary1 2022-12-01 2023-11-30 00941113 c:Director1 2022-12-01 2023-11-30 00941113 c:Director2 2022-12-01 2023-11-30 00941113 c:Director3 2022-12-01 2023-11-30 00941113 c:RegisteredOffice 2022-12-01 2023-11-30 00941113 d:FurnitureFittings 2022-12-01 2023-11-30 00941113 d:FurnitureFittings 2023-11-30 00941113 d:FurnitureFittings 2022-11-30 00941113 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 00941113 d:OfficeEquipment 2022-12-01 2023-11-30 00941113 d:OfficeEquipment 2023-11-30 00941113 d:OfficeEquipment 2022-11-30 00941113 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 00941113 d:OtherPropertyPlantEquipment 2022-12-01 2023-11-30 00941113 d:OtherPropertyPlantEquipment 2023-11-30 00941113 d:OtherPropertyPlantEquipment 2022-11-30 00941113 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 00941113 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 00941113 d:CurrentFinancialInstruments 2023-11-30 00941113 d:CurrentFinancialInstruments 2022-11-30 00941113 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 00941113 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 00941113 d:ShareCapital 2023-11-30 00941113 d:ShareCapital 2022-11-30 00941113 d:RevaluationReserve 2023-11-30 00941113 d:RevaluationReserve 2022-11-30 00941113 d:RetainedEarningsAccumulatedLosses 2023-11-30 00941113 d:RetainedEarningsAccumulatedLosses 2022-11-30 00941113 c:FRS102 2022-12-01 2023-11-30 00941113 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 00941113 c:FullAccounts 2022-12-01 2023-11-30 00941113 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 00941113 d:WithinOneYear 2023-11-30 00941113 d:WithinOneYear 2022-11-30 00941113 d:BetweenOneFiveYears 2023-11-30 00941113 d:BetweenOneFiveYears 2022-11-30 00941113 d:MoreThanFiveYears 2023-11-30 00941113 d:MoreThanFiveYears 2022-11-30 00941113 2 2022-12-01 2023-11-30 00941113 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure
Registered number: 00941113


 
 
 
 
 
 
WORLD MICROFILMS PUBLICATIONS LIMITED

FINANCIAL STATEMENTS
 
FOR THE YEAR ENDED 30 NOVEMBER 2023

 
WORLD MICROFILMS PUBLICATIONS LIMITED
 

COMPANY INFORMATION


Directors
Mr L. H. Palmer 
Mrs R. L. Albert 
Mr N. Laney 




Company secretary
Mrs R. L. Albert



Registered number
00941113



Registered office
1st Floor Sackville House
143-149 Fenchurch Street

London

EC3M 6BN





 
WORLD MICROFILMS PUBLICATIONS LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
WORLD MICROFILMS PUBLICATIONS LIMITED
REGISTERED NUMBER: 00941113

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
65,834
70,379

Current assets
  

Stocks
 5 
3,995
3,750

Debtors
 6 
69,499
75,747

Cash at bank and in hand
  
69,636
56,541

  
143,130
136,038

Creditors: amounts falling due within one year
 7 
(96,991)
(84,654)

Net current assets
  
 
 
46,139
 
 
51,384

Net assets
  
111,973
121,763


Capital and reserves
  

Allotted, called up and fully paid share capital
  
120
120

Revaluation reserve
  
29,500
31,200

Profit and loss account
  
82,353
90,443

Equity shareholders' funds
  
111,973
121,763


Page 1

 
WORLD MICROFILMS PUBLICATIONS LIMITED
REGISTERED NUMBER: 00941113

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the Directors' Report and Statement of Comprehensive Income in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 August 2024.




Mr L. H. Palmer
Director

The notes on pages 5 to 11 form part of these financial statements.

Page 2

 
WORLD MICROFILMS PUBLICATIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

World Microfilms Publications Limited (company number: 00941113), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BN and its principal place of business at 4/4 Central House, 1 Ballards Lane, London, N3 1LQ, is a private company limited by shares incorporated in England and Wales.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Statement of Cash Flows

The Company has taken advantage of the exemption in Financial Reporting Standard 102, section 1A.7 from the requirement to produce a Statement of Cash Flows on the grounds that it is a small company.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
WORLD MICROFILMS PUBLICATIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
reducing balance
Office equipment
-
25%
reducing balance
Other fixed assets
-
2%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

  
2.5

Revaluation of tangible fixed assets

The microfilm library is carried at fair value as its deemed cost at the date of transition to FRS 102 less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Revaluation gains and losses are recognised in the Statement of Comprehensive Income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

  
2.6

Stocks

Stocks are stated at the lower of costs and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

 
2.7

Interest income

Interest income is recognised in the Statement of Comprehensive Income using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to the Statement of Comprehensive Income over the term of the debt
using the effective interest method.

 
2.9

Debtors

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

 
2.10

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Page 4

 
WORLD MICROFILMS PUBLICATIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.11

Creditors

Short-term creditors are measured at the transaction price.

 
2.12

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is British Pounds Sterling GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income.

 
2.13

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.14

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
WORLD MICROFILMS PUBLICATIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 December 2022
39,319
12,334
137,476
189,129


Additions
-
508
-
508



At 30 November 2023

39,319
12,842
137,476
189,637



Depreciation


At 1 December 2022
36,860
5,106
76,784
118,750


Charge for the year
369
1,934
2,750
5,053



At 30 November 2023

37,229
7,040
79,534
123,803



Net book value



At 30 November 2023
2,090
5,802
57,942
65,834



At 30 November 2022
2,459
7,228
60,692
70,379

Cost or valuation at 30 November 2023 is as follows:

Other fixed assets
£


At cost
52,476
At valuation

At 30 November 1991
85,000



137,476

Page 6

 
WORLD MICROFILMS PUBLICATIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

           4.Tangible fixed assets (continued)

If the other fixed assets had not been included at valuation they would have been included under the historical cost convention as follows:

2023
2022
£
£



Cost
52,476
52,476

Accumulated depreciation
(30,440)
(29,390)

Net book value
22,036
23,086


5.


Stocks

2023
2022
£
£

Finished goods
3,995
3,750



6.


Debtors

2023
2022
£
£

Due within one year

Trade debtors
4,182
7,386

Other debtors
45,108
48,152

Prepayments and accrued income
77
77

Tax recoverable
20,132
20,132

69,499
75,747



7.


Creditors: amounts falling due within one year

2023
2022
£
£

Bank loans
13,761
15,727

Trade creditors
359
359

Other taxation and social security
1,571
1,011

Other creditors
25,159
19,165

Accruals and deferred income
54,170
46,801

Corporation tax
1,971
1,591

96,991
84,654


Page 7

 
WORLD MICROFILMS PUBLICATIONS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

8.


Revaluation reserve

Revaluation reserve
Profit and loss account
£
£


At 1 December 2022
31,200
90,443

Profit for the year
-
3,910

Deficit on revaluation of other fixed assets
(1,700)
-

At 30 November 2023
29,500
94,353


9.


Directors' benefits: advances, credit and guarantees

Included within other creditors are amounts due to directors of £15,178 (2022: £10,678).
Included within other debtors are amounts due from directors of £42,133 (
2022: £42,177).


Page 8