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Registration number: 03298831

DataWeb Solutions Ltd

Annual Report and Unaudited Financial Statements

for the Period from 1 January 2021 to 30 June 2022

 

DataWeb Solutions Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

DataWeb Solutions Ltd

Company Information

Directors

Dr Joanna Nightingale

Mr S Herman

Registered office

31 Melrose Avenue
Borehamwood
Hertsfordshire
WD6 2BH

Accountants

Clever Accounts Limited
Brookfield Court
Selby Road
Garforth, Leeds
LS25 1NB

 

DataWeb Solutions Ltd

(Registration number: 03298831)
Balance Sheet as at 30 June 2022

Note

2022
£

2020
£

Current assets

 

Debtors

35

75

Cash at bank and in hand

 

16

3,011

 

51

3,086

Creditors: Amounts falling due within one year

(454)

(415)

Net (liabilities)/assets

 

(403)

2,671

Capital and reserves

 

Called up share capital

5

200

200

Profit and loss account

(603)

2,471

Shareholders' (deficit)/funds

 

(403)

2,671

For the financial period ending 30 June 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 period 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.

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

.........................................

Mr S Herman
Director

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.

 

DataWeb Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2021 to 30 June 2022

1

General information

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

The address of its registered office is:
31 Melrose Avenue
Borehamwood
Hertsfordshire
WD6 2BH

These financial statements were authorised for issue by the Board on 1 September 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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

33% Straight Line

 

DataWeb Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2021 to 30 June 2022

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2020 - 2).

 

DataWeb Solutions Ltd

Notes to the Unaudited Financial Statements for the Period from 1 January 2021 to 30 June 2022

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2021

2,644

2,644

At 30 June 2022

2,644

2,644

Depreciation

At 1 January 2021

2,644

2,644

At 30 June 2022

2,644

2,644

Carrying amount

At 30 June 2022

-

-

5

Share capital

Allotted, called up and fully paid shares

 

2022

2020

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

Ordinary B of £1 each

100

100

100

100

 

200

200

200

200