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REGISTERED NUMBER: 00940754 (England and Wales)















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: S Wilson
A Biswas





SECRETARY: A Biswas





REGISTERED OFFICE: 3 Hartington Road
Southall
Middlesex
UB2 5AU





REGISTERED NUMBER: 00940754 (England and Wales)





ACCOUNTANTS: SLOANE WINCKLESS & CO
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.

S Wilson
A Biswas

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:





A Biswas - Secretary


3 September 2022

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 208,108 199,881

Cost of sales 173,953 127,600
GROSS PROFIT 34,155 72,281

Administrative expenses 68,035 81,920
(33,880 ) (9,639 )

Other operating income (5,211 ) 33,900
OPERATING (LOSS)/PROFIT 4 (39,091 ) 24,261

Interest receivable and similar income 7 1
(LOSS)/PROFIT BEFORE TAXATION (39,084 ) 24,262

Tax on (loss)/profit - -
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(39,084

)

24,262

Retained earnings at beginning of year 76,864 52,602

RETAINED EARNINGS AT END OF
YEAR

37,780

76,864

WebDrive365 Limited (Registered number: 00940754)

Balance Sheet
31 July 2022

31.7.22 31.7.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,787 1,895
Investments 6 1 1
3,788 1,896

CURRENT ASSETS
Debtors 7 58,704 64,781
Cash in hand 36,168 59,266
94,872 124,047
CREDITORS
Amounts falling due within one year 8 58,880 47,079
NET CURRENT ASSETS 35,992 76,968
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,780

78,864

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 37,780 76,864
SHAREHOLDERS' FUNDS 39,780 78,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

WebDrive365 Limited (Registered number: 00940754)

Balance Sheet - continued
31 July 2022


The financial statements have been prepared 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 3 September 2022 and were signed on its behalf by:




S Wilson - Director



A Biswas - Director


WebDrive365 Limited (Registered number: 00940754)

Notes to the Financial Statements
for the Year Ended 31 July 2022

1. STATUTORY INFORMATION

WebDrive365 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 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost and 15% on reducing balance

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 2 (2021 - 2 ) .

4. OPERATING (LOSS)/PROFIT

The operating loss (2021 - operating profit) is stated after charging:

31.7.22 31.7.21
£    £   
Depreciation - owned assets 3,167 677

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 26,312
Additions 5,059
At 31 July 2022 31,371
DEPRECIATION
At 1 August 2021 24,417
Charge for year 3,167
At 31 July 2022 27,584
NET BOOK VALUE
At 31 July 2022 3,787
At 31 July 2021 1,895

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2021
and 31 July 2022 1
NET BOOK VALUE
At 31 July 2022 1
At 31 July 2021 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Trade debtors 332 208
Amounts owed by group undertakings 4,665 4,665
Other debtors 53,707 59,908
58,704 64,781

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Bank loans and overdrafts 22,504 -
Taxation and social security - 33,202
Other creditors 36,376 13,877
58,880 47,079

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.