1 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,864 2,362 502 2,864 502 xbrli:pure xbrli:shares iso4217:GBP 03542673 2024-04-01 2025-03-31 03542673 2025-03-31 03542673 2024-03-31 03542673 2023-04-01 2024-03-31 03542673 2024-03-31 03542673 2023-03-31 03542673 bus:Director1 2024-04-01 2025-03-31 03542673 core:AfterOneYear 2025-03-31 03542673 core:AfterOneYear 2024-03-31 03542673 core:WithinOneYear 2025-03-31 03542673 core:WithinOneYear 2024-03-31 03542673 core:ShareCapital 2025-03-31 03542673 core:ShareCapital 2024-03-31 03542673 core:RetainedEarningsAccumulatedLosses 2025-03-31 03542673 core:RetainedEarningsAccumulatedLosses 2024-03-31 03542673 bus:SmallEntities 2024-04-01 2025-03-31 03542673 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03542673 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03542673 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03542673 bus:FullAccounts 2024-04-01 2025-03-31 03542673 core:OfficeEquipment 2024-04-01 2025-03-31 03542673 core:OfficeEquipment 2025-03-31 03542673 core:OfficeEquipment 2024-03-31
COMPANY REGISTRATION NUMBER: 03542673
WORLDWIDE CONSULTANCY SERVICES LIMITED
Filleted Unaudited Financial Statements
31 March 2025
WORLDWIDE CONSULTANCY SERVICES LIMITED
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
502
Current assets
Debtors
6
207,355
48,797
Cash at bank and in hand
30,081
40,096
---------
--------
237,436
88,893
Creditors: amounts falling due within one year
7
61,173
16,179
---------
--------
Net current assets
176,263
72,714
---------
--------
Total assets less current liabilities
176,263
73,216
Creditors: amounts falling due after more than one year
8
20,758
30,751
Provisions
Taxation including deferred tax
204
204
---------
--------
Net assets
155,301
42,261
---------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
155,201
42,161
---------
--------
Shareholders funds
155,301
42,261
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
WORLDWIDE CONSULTANCY SERVICES LIMITED
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 25 June 2025 , and are signed on behalf of the board by:
A.S. Herbert
Director
Company registration number: 03542673
WORLDWIDE CONSULTANCY SERVICES LIMITED
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kingfisher House, Hurstwood Grange, Hurstwood Lane, Haywards Heath, West Sussex, RH17 7QX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
3.1 Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
3.2 Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:
3.3 Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
3.4 Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
3.5 Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
3.6 Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
3.7 Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% straight line
3.8 Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
3.9 Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
3.10 Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2024 and 31 March 2025
2,864
2,864
-------
-------
Depreciation
At 1 April 2024
2,362
2,362
Charge for the year
502
502
-------
-------
At 31 March 2025
2,864
2,864
-------
-------
Carrying amount
At 31 March 2025
-------
-------
At 31 March 2024
502
502
-------
-------
6. Debtors
2025
2024
£
£
Trade debtors
206,958
47,270
Other debtors
397
1,527
---------
--------
207,355
48,797
---------
--------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
113
Corporation tax
52,422
7,776
Social security and other taxes
2,209
2,323
Other creditors
6,429
6,080
--------
--------
61,173
16,179
--------
--------
The director's current account balance is included in Other Creditors as follows:
2025 2024
£ £
A.S. Herbert 5,004 4,610
------- -------
8. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
20,758
30,751
--------
--------
9. Director's advances, credits and guarantees
No transactions with directors were undertaken such as are required to be disclosed under FRS 102 Section 1A.