REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements for the Year Ended 31 July 2022 |
for |
WebDrive365 Limited |
REGISTERED NUMBER: |
Report of the Directors and |
Unaudited Financial Statements for the Year Ended 31 July 2022 |
for |
WebDrive365 Limited |
WebDrive365 Limited (Registered number: 00940754) |
Contents of the Financial Statements |
for the Year Ended 31 July 2022 |
Page |
Company Information | 1 |
Report of the Directors | 2 |
Statement of Income and Retained Earnings | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
WebDrive365 Limited |
Company Information |
for the Year Ended 31 July 2022 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
2-4 Stoneleigh Park Road |
Epsom |
Surrey |
KT19 0QT |
WebDrive365 Limited (Registered number: 00940754) |
Report of the Directors |
for the Year Ended 31 July 2022 |
The directors present their report with the financial statements of the company for the year ended 31 July 2022. |
PRINCIPAL ACTIVITIES |
The principal activities of the company in the year under review were those of the importing and distributing of specialised electrical equipment and the development of web storage. |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1 August 2021 to the date of this report. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
WebDrive365 Limited (Registered number: 00940754) |
Statement of Income and Retained Earnings |
for the Year Ended 31 July 2022 |
31.7.22 | 31.7.21 |
Notes | £ | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
(33,880 | ) | (9,639 | ) |
Other operating income | ( |
) |
OPERATING (LOSS)/PROFIT | 4 | ( |
) |
Interest receivable and similar income |
(LOSS)/PROFIT BEFORE TAXATION | ( |
) |
Tax on (loss)/profit |
(LOSS)/PROFIT FOR THE FINANCIAL YEAR |
( |
) |
Retained earnings at beginning of year |
RETAINED EARNINGS AT END OF YEAR |
WebDrive365 Limited (Registered number: 00940754) |
Balance Sheet |
31 July 2022 |
31.7.22 | 31.7.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
WebDrive365 Limited (Registered number: 00940754) |
Balance Sheet - continued |
31 July 2022 |
The financial statements were approved by the Board of Directors and authorised for issue on |
WebDrive365 Limited (Registered number: 00940754) |
Notes to the Financial Statements |
for the Year Ended 31 July 2022 |
1. | STATUTORY INFORMATION |
WebDrive365 Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted. |
Deferred tax |
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. |
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. |
Government grants |
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relaition to expenditure are credited when the expenditure is charged to profit and loss, the CJRS grant is taxable income and hence is brought into the tax computation as such. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | OPERATING (LOSS)/PROFIT |
The operating loss (2021 - operating profit) is stated after charging: |
31.7.22 | 31.7.21 |
£ | £ |
Depreciation - owned assets |
WebDrive365 Limited (Registered number: 00940754) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2022 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 August 2021 |
Additions |
At 31 July 2022 |
DEPRECIATION |
At 1 August 2021 |
Charge for year |
At 31 July 2022 |
NET BOOK VALUE |
At 31 July 2022 |
At 31 July 2021 |
6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 August 2021 |
and 31 July 2022 |
NET BOOK VALUE |
At 31 July 2022 |
At 31 July 2021 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.22 | 31.7.21 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.22 | 31.7.21 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
WebDrive365 Limited (Registered number: 00940754) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2022 |
9. | RELATED PARTY DISCLOSURES |
Mr. A. Biswas and Mr. S.J. Wilson, the directors of the company during the year, jointly hold 60% of the issued share capital of the company. |
At the balance sheet date, £4,665 (2021 - £4,665) was owed by Zipdogg Limited, the company's subsidiary. |
At the balance sheet date, £34,840 (2021 - £34,790) was owed by Fumeine Managed Services Limited, a company under the control of Messrs. A. Biswas and S. Wilson who are both directors and own 100% of the issued share capital. |
At 31st July 2022, the following amounts were owed by the company to the directors:- |
2022 2021 |
£ £ |
A. Biswas 5,132 5,873 |
S.J. Wilson 28,378 4,130 |
====== ===== |
10. | INVESTMENTS |
The company holds 100% of the issued ordinary share capital of Zipdogg Limited. |