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REGISTERED NUMBER: 07679756 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 June 2022

for

Cobweb Media Limited

Cobweb Media Limited (Registered number: 07679756)

Contents of the Financial Statements
for the Year Ended 30 June 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cobweb Media Limited

Company Information
for the Year Ended 30 June 2022







DIRECTORS: A Hitchman
C Hodnett





REGISTERED OFFICE: Worting House
Church Lane
Worting
Basingstoke
Hampshire
RG23 8PX





REGISTERED NUMBER: 07679756 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Cobweb Media Limited (Registered number: 07679756)

Balance Sheet
30 June 2022

30.6.22 30.6.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 606

CURRENT ASSETS
Stocks - 5,500
Debtors 5 24,732 14,186
Cash at bank 31,859 30,657
56,591 50,343
CREDITORS
Amounts falling due within one year 6 41,689 50,217
NET CURRENT ASSETS 14,902 126
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,902

732

PROVISIONS FOR LIABILITIES 7 - 115
NET ASSETS 14,902 617

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 14,702 417
SHAREHOLDERS' FUNDS 14,902 617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Cobweb Media Limited (Registered number: 07679756)

Balance Sheet - continued
30 June 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2022 and were signed on its behalf by:





A Hitchman - Director


Cobweb Media Limited (Registered number: 07679756)

Notes to the Financial Statements
for the Year Ended 30 June 2022


1. STATUTORY INFORMATION

Cobweb Media 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 represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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 - 25% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Cobweb Media Limited (Registered number: 07679756)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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.

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 profit or loss in the period to which they relate.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2021
and 30 June 2022 1,612 7,333 8,945
DEPRECIATION
At 1 July 2021 1,612 6,727 8,339
Charge for year - 606 606
At 30 June 2022 1,612 7,333 8,945
NET BOOK VALUE
At 30 June 2022 - - -
At 30 June 2021 - 606 606

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Trade debtors 24,732 14,086
Other debtors - 100
24,732 14,186

Cobweb Media Limited (Registered number: 07679756)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Trade creditors - 176
Taxation and social security 22,194 26,995
Other creditors 19,495 23,046
41,689 50,217

7. PROVISIONS FOR LIABILITIES
30.6.22 30.6.21
£    £   
Deferred tax - 115

Deferred
tax
£   
Balance at 1 July 2021 115
Accelerated capital allowances (115 )
Balance at 30 June 2022 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.22 30.6.21
value: £    £   
200 Ordinary £1 200 200