4 4 World Nuclear Transport Limited 03557369 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is providing to its Members a coordinated response to new and concerted challenges to the transport of radioactive materials, and to developments in the review and implementation of international transport safety regulations, in a professional and effective manner and promotes sound and objective principles for ensuring that radioactive materials are transported safely, reliably and within a secure environment. Digita Accounts Production Advanced 6.30.9574.0 true 03557369 2023-04-01 2024-03-31 03557369 2024-03-31 03557369 core:RetainedEarningsAccumulatedLosses 2024-03-31 03557369 core:CurrentFinancialInstruments 2024-03-31 03557369 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 03557369 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 03557369 core:FurnitureFittingsToolsEquipment 2024-03-31 03557369 core:OtherPropertyPlantEquipment 2024-03-31 03557369 bus:SmallEntities 2023-04-01 2024-03-31 03557369 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 03557369 bus:FilletedAccounts 2023-04-01 2024-03-31 03557369 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 03557369 bus:RegisteredOffice 2023-04-01 2024-03-31 03557369 bus:Director20 2023-04-01 2024-03-31 03557369 bus:CompanyLimitedByGuarantee 2023-04-01 2024-03-31 03557369 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-04-01 2024-03-31 03557369 core:IntangibleAssetsOtherThanGoodwill 2023-04-01 2024-03-31 03557369 core:ComputerEquipment 2023-04-01 2024-03-31 03557369 core:FurnitureFittings 2023-04-01 2024-03-31 03557369 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 03557369 core:LeaseholdImprovements 2023-04-01 2024-03-31 03557369 core:OfficeEquipment 2023-04-01 2024-03-31 03557369 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 03557369 countries:EnglandWales 2023-04-01 2024-03-31 03557369 2023-03-31 03557369 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 03557369 core:FurnitureFittingsToolsEquipment 2023-03-31 03557369 core:OtherPropertyPlantEquipment 2023-03-31 03557369 2022-04-01 2023-03-31 03557369 2023-03-31 03557369 core:RetainedEarningsAccumulatedLosses 2023-03-31 03557369 core:CurrentFinancialInstruments 2023-03-31 03557369 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 03557369 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 03557369 core:FurnitureFittingsToolsEquipment 2023-03-31 03557369 core:OtherPropertyPlantEquipment 2023-03-31 xbrli:pure iso4217:GBP

Registration number: 03557369

World Nuclear Transport Limited

(A company limited by guarantee)

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

World Nuclear Transport Limited

(Registration number: 03557369)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

9,917

18,667

Tangible assets

5

16,655

14,830

 

26,572

33,497

Current assets

 

Debtors

6

127,668

260,716

Cash at bank and in hand

 

937,731

1,409,763

 

1,065,399

1,670,479

Creditors: Amounts falling due within one year

7

(1,036,172)

(1,649,701)

Net current assets

 

29,227

20,778

Net assets

 

55,799

54,275

Reserves

 

Retained earnings

55,799

54,275

Surplus

 

55,799

54,275

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income and Expenditure Account.

Approved and authorised by the Board on 9 May 2025 and signed on its behalf by:
 

.........................................
Ms J Boutteau
Director

 

World Nuclear Transport Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Fourth Floor
York House
23 Kingsway
London
WC2B 6UJ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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.

Revenue recognition

In order to properly reflect the company's non-trading status, subscriptions received, net of VAT, have been treated as advance payments which are intended to offset net expenditure arising in the period. Amounts received which are in excess of net expenditure are treated as deferred income and carried forward in the balance sheet.

Where subscriptions received in the period do not cover net expenditure, the deficit is covered by a transfer of funds from deferred income to subscriptions income.

Tax

Due to company's non-trading status, the company is only liable to tax on its investment income which is provided at current rates.

 

World Nuclear Transport Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Short leasehold

10% on cost

Office equipment

20% on cost

Computer equipment

33% on cost

Fixtures and fittings

20% on cost

Intangible assets

Intangible assets are stated at cost less accumulated amortisation.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Intangible assets

25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to 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.

 

World Nuclear Transport Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

World Nuclear Transport Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 April 2023

35,000

35,000

At 31 March 2024

35,000

35,000

Amortisation

At 1 April 2023

16,333

16,333

Amortisation charge

8,750

8,750

At 31 March 2024

25,083

25,083

Carrying amount

At 31 March 2024

9,917

9,917

At 31 March 2023

18,667

18,667

5

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

13,637

22,119

35,756

Additions

8,535

1,002

9,537

At 31 March 2024

22,172

23,121

45,293

Depreciation

At 1 April 2023

8,983

11,943

20,926

Charge for the year

4,783

2,929

7,712

At 31 March 2024

13,766

14,872

28,638

Carrying amount

At 31 March 2024

8,406

8,249

16,655

At 31 March 2023

4,655

10,175

14,830

 

World Nuclear Transport Limited

Notes to the Financial Statements for the Year Ended 31 March 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

34,800

-

Prepayments

29,574

-

Other debtors

63,294

260,716

 

127,668

260,716

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

47,355

26,304

Taxation and social security

10,279

6,890

Accruals and deferred income

969,020

1,593,329

Other creditors

9,518

23,178

1,036,172

1,649,701