IRIS Accounts Production v25.1.3.33 02768268 director 1.1.24 31.12.24 31.12.24 24.4.25 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh027682682023-12-31027682682024-12-31027682682024-01-012024-12-31027682682022-12-31027682682023-01-012023-12-31027682682023-12-3102768268ns15:EnglandWales2024-01-012024-12-3102768268ns14:PoundSterling2024-01-012024-12-3102768268ns10:Director12024-01-012024-12-3102768268ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3102768268ns10:SmallEntities2024-01-012024-12-3102768268ns10:Audited2024-01-012024-12-3102768268ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3102768268ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3102768268ns10:FullAccounts2024-01-012024-12-3102768268ns10:OrdinaryShareClass12024-01-012024-12-3102768268ns10:RegisteredOffice2024-01-012024-12-3102768268ns5:CurrentFinancialInstruments2024-12-3102768268ns5:CurrentFinancialInstruments2023-12-3102768268ns5:ShareCapital2024-12-3102768268ns5:ShareCapital2023-12-3102768268ns5:SharePremium2024-12-3102768268ns5:SharePremium2023-12-3102768268ns5:RetainedEarningsAccumulatedLosses2024-12-3102768268ns5:RetainedEarningsAccumulatedLosses2023-12-3102768268ns5:FurnitureFittings2024-01-012024-12-3102768268ns5:ComputerEquipment2024-01-012024-12-3102768268ns5:FurnitureFittings2023-12-3102768268ns5:ComputerEquipment2023-12-3102768268ns5:FurnitureFittings2024-12-3102768268ns5:ComputerEquipment2024-12-3102768268ns5:FurnitureFittings2023-12-3102768268ns5:ComputerEquipment2023-12-3102768268ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3102768268ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3102768268ns5:WithinOneYear2024-12-3102768268ns5:WithinOneYear2023-12-3102768268ns5:BetweenOneFiveYears2024-12-3102768268ns5:BetweenOneFiveYears2023-12-3102768268ns5:AllPeriods2024-12-3102768268ns5:AllPeriods2023-12-3102768268ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 02768268 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

CADMUS INTERNATIONAL UK LIMITED

CADMUS INTERNATIONAL UK LIMITED (REGISTERED NUMBER: 02768268)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CADMUS INTERNATIONAL UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTOR: I P Kline



REGISTERED OFFICE: 5th Floor
Holborn Gate
330 High Holborn
London
WC1V 7QH



REGISTERED NUMBER: 02768268 (England and Wales)



AUDITORS: Clemence Hoar Cummings
Chartered Accountants and Statutory Auditor
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN



BANKERS: Lloyds Bank plc
3rd Floor
125 London Wall
London
EC2Y 5AJ

CADMUS INTERNATIONAL UK LIMITED (REGISTERED NUMBER: 02768268)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 24,614 31,799

CURRENT ASSETS
Debtors 5 801,286 834,584
Cash at bank and in hand 2,215,258 2,237,160
3,016,544 3,071,744
CREDITORS
Amounts falling due within one year 6 1,087,545 1,233,518
NET CURRENT ASSETS 1,928,999 1,838,226
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,953,613

1,870,025

PROVISIONS FOR LIABILITIES 6,025 7,758
NET ASSETS 1,947,588 1,862,267

CAPITAL AND RESERVES
Called up share capital 8 236,318 236,318
Share premium 1,382,237 1,382,237
Retained earnings 329,033 243,712
SHAREHOLDERS' FUNDS 1,947,588 1,862,267

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 director and authorised for issue on 24th April 2025 and were signed by:





I P Kline - Director


CADMUS INTERNATIONAL UK LIMITED (REGISTERED NUMBER: 02768268)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

Cadmus International UK Limited is a private company, limited by shares , 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.

Turnover
Turnover relates to the provision of consulting and advisory services in respect of economics predominantly in emerging markets. The amount recognised is based on invoiced sales exclusive of value added tax, an adjustment for work undertaken on contracts not completed at the year end is recognised, this is reduced by any element that will not be recovered under the terms of the contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 5 years
Computer equipment - 33% on 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.

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.

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 the profit and loss account in the period to which they relate.

CADMUS INTERNATIONAL UK LIMITED (REGISTERED NUMBER: 02768268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Amounts recoverable on contracts
Amounts recoverable on contracts represents the proportion of projects completed at the year end based upon labour hours and other direct costs, less any revenue billed to date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2024 59,313 124,736 184,049
Additions - 6,321 6,321
At 31st December 2024 59,313 131,057 190,370
DEPRECIATION
At 1st January 2024 57,710 94,540 152,250
Charge for year 401 13,105 13,506
At 31st December 2024 58,111 107,645 165,756
NET BOOK VALUE
At 31st December 2024 1,202 23,412 24,614
At 31st December 2023 1,603 30,196 31,799

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 283,667 107,502
Amounts recoverable on contract 466,971 647,465
Other debtors 18,450 33,921
VAT - 7,880
Prepayments 32,198 37,816
801,286 834,584

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 134,966 163,901
Amounts owed to group undertakings 210,572 59,680
Taxation 33,486 -
Social security and other taxes 37,996 38,808
VAT 10,650 -
Other creditors 26,763 46,580
Accrued expenses 633,112 924,549
1,087,545 1,233,518

CADMUS INTERNATIONAL UK LIMITED (REGISTERED NUMBER: 02768268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 165,130 96,000
Between one and five years 216,614 24,000
381,744 120,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
236,318 Ordinary £1 236,318 236,318

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Belbin BSc FCA DChA (Senior Statutory Auditor)
for and on behalf of Clemence Hoar Cummings

10. RELATED PARTY DISCLOSURES

During the year the Company paid a dividend of £Nil. At the balance sheet date there was an outstanding balance due to Nathan Associates LLC totalling £210,572 (2023:£59,680), which is included within creditors.

There were intercompany transactions during the year totalling to £113,498 (2023: £71,570).

11. ULTIMATE CONTROLLING PARTY

The Company is a 100% subsidiary of Nathan Associates LLC a company incorporated in the United States of America. Cadmus New Co LLC prepare group accounts, which owns 100% of the share capital of Nathan Associates LLC.

C I (Cadmus) Holding LLC has ultimate control of the Company.