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Registration number: 09614595

Webpro Digital Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 5 April 2022

 

Webpro Digital Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Webpro Digital Ltd

Company Information

Directors

Ali Ekber Demirtas

George Theodore Emerson

Registered office

483 Green Lanes
London
N13 4BS

 

Webpro Digital Ltd

(Registration number: 09614595)
Balance Sheet as at 5 April 2022

Note

05 April
2022
£

05 April
2021
£

Current assets

 

Debtors

4

172,380

89,714

Cash at bank and in hand

 

907,940

712,434

 

1,080,320

802,148

Creditors: Amounts falling due within one year

5

(76,667)

(57,371)

Net assets

 

1,003,653

744,777

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

1,003,651

744,775

Shareholders' funds

 

1,003,653

744,777

For the financial year ending 5 April 2022 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 1 August 2022 and signed on its behalf by:
 

.........................................
Ali Ekber Demirtas
Director

 

Webpro Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
483 Green Lanes
London
N13 4BS

These financial statements were authorised for issue by the Board on 1 August 2022.

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.

The presentational currency is GBP rounded to the nearest whole number.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

Webpro Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2022

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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 amounts due from customers for merchandise sold or services performed in the ordinary course of business.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

 

Webpro Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2022

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2021 - 2).

4

Debtors

Current

05 April
2022
£

05 April
2021
£

Trade debtors

172,345

89,544

Other debtors

35

170

 

172,380

89,714

5

Creditors

Creditors: amounts falling due within one year

05 April
2022
£

05 April
2021
£

Due within one year

Trade creditors

(1,418)

1,463

Taxation and social security

78,085

55,553

Accruals and deferred income

-

355

76,667

57,371

6

Share capital

Allotted, called up and fully paid shares

 

05 April
2022

05 April
2021

 

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

         




 

 

Webpro Digital Ltd

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2022

7

Related party transactions

There were no transactions not concluded under normal market conditions.