IRIS Accounts Production v24.2.0.383 08750060 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087500602022-12-31087500602023-12-31087500602023-01-012023-12-31087500602021-12-31087500602022-01-012022-12-31087500602022-12-3108750060ns15:EnglandWales2023-01-012023-12-3108750060ns14:PoundSterling2023-01-012023-12-3108750060ns10:Director12023-01-012023-12-3108750060ns10:CompanyLimitedByGuarantee2023-01-012023-12-3108750060ns10:SmallEntities2023-01-012023-12-3108750060ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3108750060ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108750060ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108750060ns10:FullAccounts2023-01-012023-12-3108750060ns10:Director22023-01-012023-12-3108750060ns10:Director42023-01-012023-12-3108750060ns10:Director52023-01-012023-12-3108750060ns10:Director62023-01-012023-12-3108750060ns10:Director72023-01-012023-12-3108750060ns10:Director92023-01-012023-12-3108750060ns10:Director102023-01-012023-12-3108750060ns10:Director112023-01-012023-12-3108750060ns10:Director122023-01-012023-12-3108750060ns10:Director132023-01-012023-12-3108750060ns10:Director142023-01-012023-12-3108750060ns10:Director152023-01-012023-12-3108750060ns10:Director162023-01-012023-12-3108750060ns10:Director172023-01-012023-12-3108750060ns10:RegisteredOffice2023-01-012023-12-3108750060ns5:CurrentFinancialInstruments2023-12-3108750060ns5:CurrentFinancialInstruments2022-12-3108750060ns5:RetainedEarningsAccumulatedLosses2023-12-3108750060ns5:RetainedEarningsAccumulatedLosses2022-12-3108750060ns5:ComputerEquipment2023-01-012023-12-3108750060ns5:ComputerEquipment2022-12-3108750060ns5:ComputerEquipment2023-12-3108750060ns5:ComputerEquipment2022-12-3108750060ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3108750060ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-31
REGISTERED NUMBER: 08750060 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

INTERNATIONAL WROUGHT COPPER COUNCIL

INTERNATIONAL WROUGHT COPPER COUNCIL (REGISTERED NUMBER: 08750060)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 3

Notes to the Financial Statements 5


INTERNATIONAL WROUGHT COPPER COUNCIL

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: The Hon Mr A Bagri
Mr E Moustakas
Mr J R Ryu
Mr S Xie
Mr O A Guxia
Mr E Mayr
Mr O Inoue
Mr S Arslanpay
Mr C Chia
Mr D H Elliott
Mr T Ishii
Mr C Pinassi
Mr I Scarlett
Mr H Kuwayama
Mr S Sigloch





REGISTERED OFFICE: 292 Wake Green Road
Birmingham
West Midlands
B13 9QP





REGISTERED NUMBER: 08750060 (England and Wales)






INTERNATIONAL WROUGHT COPPER COUNCIL

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







ACCOUNTANTS: Lowson Ward
Chartered Accountants
292 Wake Green Road
Birmingham
B13 9QP

INTERNATIONAL WROUGHT COPPER COUNCIL (REGISTERED NUMBER: 08750060)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 3 3,036 4,082

CURRENT ASSETS
Debtors 4 488,258 471,410
Cash at bank and in hand 224,720 618,077
712,978 1,089,487
CREDITORS
Amounts falling due within one year 5 (258,045 ) (614,086 )
NET CURRENT ASSETS 454,933 475,401
TOTAL ASSETS LESS CURRENT LIABILITIES 457,969 479,483

PROVISIONS FOR LIABILITIES - (577 )
NET ASSETS 457,969 478,906

INTERNATIONAL WROUGHT COPPER COUNCIL (REGISTERED NUMBER: 08750060)

BALANCE SHEET - continued
31 DECEMBER 2023

2023 2022
Notes £    £   
RESERVES
Income and expenditure account 457,969 478,906
457,969 478,906

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 surplus or deficit 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 19 September 2024 and were signed on its behalf by:





Mr E Mayr - Director


INTERNATIONAL WROUGHT COPPER COUNCIL (REGISTERED NUMBER: 08750060)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. 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.

Turnover represents the value of levy's raised to the right that there is a consideration and is recorded at the consideration due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on reducing balance

All fixed assets are initially recorded at cost.

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.


INTERNATIONAL WROUGHT COPPER COUNCIL (REGISTERED NUMBER: 08750060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


1. 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
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. EMPLOYEES AND DIRECTORS

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

INTERNATIONAL WROUGHT COPPER COUNCIL (REGISTERED NUMBER: 08750060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 January 2023 13,220
Additions 1,298
Disposals (4,051 )
At 31 December 2023 10,467
DEPRECIATION
At 1 January 2023 9,138
Charge for year 1,012
Eliminated on disposal (2,719 )
At 31 December 2023 7,431
NET BOOK VALUE
At 31 December 2023 3,036
At 31 December 2022 4,082

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 312,202 314,691
VAT 2,757 14,283
Prepayments and accrued income 173,299 142,436
488,258 471,410

INTERNATIONAL WROUGHT COPPER COUNCIL (REGISTERED NUMBER: 08750060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 80,726 96,467
PAYE and NIC 16,798 12,316
Other creditors 44 10
Accruals and deferred income 160,477 505,293
258,045 614,086

6. LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital. The members of the company have each guaranteed an amount not exceeding £1 in the event of the company being wound up.