Company registration number 01805852 (England and Wales)
WEBSTERS INTERNATIONAL PUBLISHERS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
WEBSTERS INTERNATIONAL PUBLISHERS LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
WEBSTERS INTERNATIONAL PUBLISHERS LIMITED
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,332
3,964
Current assets
Debtors
4
849,143
822,510
Cash at bank and in hand
122
44,559
849,265
867,069
Creditors: amounts falling due within one year
5
(91,855)
(109,657)
Net current assets
757,410
757,412
Net assets
758,742
761,376
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
758,642
761,276
Total equity
758,742
761,376

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 February 2025 and are signed on its behalf by:
P J Collins
C J S Raveney
Director
Director
Company registration number 01805852 (England and Wales)
WEBSTERS INTERNATIONAL PUBLISHERS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 July 2022
100
772,697
772,797
Year ended 30 June 2023:
Profit and total comprehensive income for the year
-
579
579
Dividends
-
(12,000)
(12,000)
Balance at 30 June 2023
100
761,276
761,376
Year ended 30 June 2024:
Loss and total comprehensive income for the year
-
(2,634)
(2,634)
Balance at 30 June 2024
100
758,642
758,742
WEBSTERS INTERNATIONAL PUBLISHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information

Websters International Publishers Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, Hathaway House, Popes Drive, Finchley, London, N3 1QF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes. Revenue from the provision of services is recognised when those services have been performed.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computer equipment
33 1/3% Straight line basis
Fixtures, fittings & equipment
20% Straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered a material impairment loss. If a material impairment loss arises then it is recognised in the profit and loss account or against the revaluation reserve if the asset has been revalued.

 

WEBSTERS INTERNATIONAL PUBLISHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ’Basic Financial Instruments’ and section 12 ‘Other financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial assets include debtors and cash and bank balances. Debtors and cash and bank balances which are basic financial assets are measured at transaction price less any impairment. Debtors and cash and bank balances in foreign currencies are initially recorded at transaction price and subsequently at fair value less any impairment. Any changes in fair value are recognised in the profit or loss. Financial assets are assessed for indicators of impairment at each reporting end date.

 

Financial liabilities includes creditors and debt instruments. Creditors and debt instruments which are basic financial liabilities are measured at transaction price. Creditors and debt instruments in foreign currencies are initially recorded at transaction price and subsequently at fair value. Any changes in fair value are recognised in the profit or loss.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

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

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Foreign exchange

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. All differences are taken to profit and loss account.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
6
7
WEBSTERS INTERNATIONAL PUBLISHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023
13,174
Additions
60
At 30 June 2024
13,234
Depreciation and impairment
At 1 July 2023
9,210
Depreciation charged in the year
2,692
At 30 June 2024
11,902
Carrying amount
At 30 June 2024
1,332
At 30 June 2023
3,964
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
53,711
45,084
Amounts owed by group undertakings
751,180
752,771
Other debtors
44,252
24,655
849,143
822,510
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
30,704
59,095
Amounts owed to group undertakings
34,882
16,526
Corporation tax
-
0
499
Other taxation and social security
7,968
6,672
Other creditors
18,301
26,865
91,855
109,657
WEBSTERS INTERNATIONAL PUBLISHERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
6
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

The company paid fees of £39,000 (2023: £49,000) to its holding company Trio Multimedia Limited. J-L Barbanneau, D J Skinner A E Fennell and Ms Z J Wildsmith are all directors and ordinary shareholders of this company. Messrs C J S Raveney, M C Stevens and P J Collins are ordinary shareholders of this company. Messrs A E E Webster, J-L Barbanneau, D J Skinner and A E Fennell are preference shareholders in this company.

 

Included in the balance sheet is a loan of £750,000 (2023: £750,000) due from Trio Multimedia Limited.

 

At the balance sheet date the amount due to Trio Multimedia Ltd was £32,754 (2023: £48,926 ), which is included in creditors.

 

The company recharged fees of £34,477 (2023 - £33,920) to its fellow subsidiary, The Content Creation Company Ltd. Mr J-L Barbanneau and Ms Z J Wildsmith are both directors of this company.

 

Included in the balance sheet is an amount due from The Content Creation Company Ltd of £50 (2023 - £19).

 

7
Parent company

Websters International Publishers Limited is a subsidiary of Trio Multimedia Ltd, which is under the control of J-L Barbanneau.

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