Company registration number 05758201 (England and Wales)
WORLD CONGRESS OF SCIENCE AND FACTUAL PRODUCERS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
WORLD CONGRESS OF SCIENCE AND FACTUAL PRODUCERS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
WORLD CONGRESS OF SCIENCE AND FACTUAL PRODUCERS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
- 1 -
2022
2021
Notes
£
£
£
£
Current assets
Debtors
4
20,553
49,524
Cash at bank and in hand
278,243
283,566
298,796
333,090
Creditors: amounts falling due within one year
5
(42,976)
(89,069)
Net current assets
255,820
244,021
Reserves
Income and expenditure account
255,820
244,021
Members' funds
255,820
244,021
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.
true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 22 December 2022 and are signed on its behalf by:
T James
Director
Company Registration No. 05758201
WORLD CONGRESS OF SCIENCE AND FACTUAL PRODUCERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
- 2 -
1
Accounting policies
Company information
World Congress of Science and Factual Producers Limited is a
private
company
limited by guarantee
incorporated in
England and Wales
.
The registered office is
2 Rutland Park, Sheffield, S10 2PD.
1.1
Accounting convention
The financial statements are prepared under the historical cost convention
.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents sponsorship, delegate fees and advertising income net of VAT.
1.3
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. Taxable profit differs from net profit as reported in the
profit and loss account
because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.4
Foreign exchange
Transactions in currencies other than
pounds sterling
are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation
in the period
are included in profit or loss.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during year was 0
(20
21
: 0). The wages and salaries in the accounts relate to staff employed by Hotdocs on behalf of the Congress.
WORLD CONGRESS OF SCIENCE AND FACTUAL PRODUCERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 3 -
4
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
18,242
39,922
Other debtors
2,311
9,602
20,553
49,524
5
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
18,303
Corporation tax
2,824
98
Other creditors
21,849
88,971
42,976
89,069
6
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.
7
Audit report information
As the income statement has been omitted from the filing copy of the financial statements
,
the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006
:
The auditor's report was unqualified.
Senior Statutory Auditor:
Philip Allsop
Statutory Auditor:
BHP LLP
8
Related party transactions
C
Alvaresse-Shneider
is a director of France Televisions, a company registered in France. £4,219 (20
2
1: £4
,
697) was paid to World Congress in the year.
There were no amounts outstanding to
either company
at the end of the year (202
1
: £nil).
The majority of World Congress directors are employees of organisations that founded, sponsor and support the World Congress event. Other than receiving such sponsorship and support, no large or unusual transactions were made between World Congress for Science and Factual Producers and these organisations during the year.