Registered number
11181046
Chris Davies Web Design Limited
Unaudited Filleted Accounts
28 February 2023
Chris Davies Web Design Limited
Registered number: 11181046
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 - 2,260
Tangible assets 4 2,669 3,336
2,669 5,596
Current assets
Debtors 5 10,233 3,784
Cash at bank and in hand 20,869 27,130
31,102 30,914
Creditors: amounts falling due within one year 6 (19,500) (20,253)
Net current assets 11,602 10,661
Total assets less current liabilities 14,271 16,257
Provisions for liabilities (507) (633)
Net assets 13,764 15,624
Capital and reserves
Called up share capital 1 1
Profit and loss account 13,763 15,623
Shareholder's funds 13,764 15,624
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C Davies
Director
Approved by the board on 20 September 2023
Chris Davies Web Design Limited
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2022 11,300
At 28 February 2023 11,300
Amortisation
At 1 March 2022 9,040
Provided during the year 2,260
At 28 February 2023 11,300
Net book value
At 28 February 2023 -
At 28 February 2022 2,260
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022 4,962
At 28 February 2023 4,962
Depreciation
At 1 March 2022 1,626
Charge for the year 667
At 28 February 2023 2,293
Net book value
At 28 February 2023 2,669
At 28 February 2022 3,336
5 Debtors 2023 2022
£ £
Trade debtors 6,645 1,429
Other debtors 3,588 2,355
10,233 3,784
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 131 1,239
Taxation and social security costs 7,258 10,057
Other creditors 12,111 8,957
19,500 20,253
7 Other information
Chris Davies Web Design Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Providence Court
Pynes Hill
Exeter
Devon
EX2 5JL
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