Getonline Limited 03151203 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is the registration and supply of internet domain names, websites, email services and consultancy Digita Accounts Production Advanced 6.30.9574.0 true 03151203 2022-05-01 2023-04-30 03151203 2023-04-30 03151203 core:RetainedEarningsAccumulatedLosses 2023-04-30 03151203 core:ShareCapital 2023-04-30 03151203 core:CurrentFinancialInstruments 2023-04-30 03151203 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 03151203 core:FurnitureFittingsToolsEquipment 2023-04-30 03151203 core:MotorVehicles 2023-04-30 03151203 bus:SmallEntities 2022-05-01 2023-04-30 03151203 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 03151203 bus:FullAccounts 2022-05-01 2023-04-30 03151203 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 03151203 bus:RegisteredOffice 2022-05-01 2023-04-30 03151203 bus:Director1 2022-05-01 2023-04-30 03151203 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 03151203 core:ComputerEquipment 2022-05-01 2023-04-30 03151203 core:FurnitureFittings 2022-05-01 2023-04-30 03151203 core:FurnitureFittingsToolsEquipment 2022-05-01 2023-04-30 03151203 core:MotorVehicles 2022-05-01 2023-04-30 03151203 core:PlantMachinery 2022-05-01 2023-04-30 03151203 countries:EnglandWales 2022-05-01 2023-04-30 03151203 2022-04-30 03151203 core:FurnitureFittingsToolsEquipment 2022-04-30 03151203 core:MotorVehicles 2022-04-30 03151203 2021-05-01 2022-04-30 03151203 2022-04-30 03151203 core:RetainedEarningsAccumulatedLosses 2022-04-30 03151203 core:ShareCapital 2022-04-30 03151203 core:CurrentFinancialInstruments 2022-04-30 03151203 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 03151203 core:FurnitureFittingsToolsEquipment 2022-04-30 03151203 core:MotorVehicles 2022-04-30 iso4217:GBP xbrli:pure

Registration number: 03151203

Getonline Limited

Unaudited Financial Statements

for the Year Ended 30 April 2023

 

Getonline Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Getonline Limited

(Registration number: 03151203)
Statement of Financial Position as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

tangible assets

4

54,821

54,173

Current assets

 

Debtors

5

13,946

91,832

Cash at bank and in hand

 

705,943

644,979

 

719,889

736,811

Creditors: Amounts falling due within one year

6

(111,659)

(80,241)

Net current assets

 

608,230

656,570

Total assets less current liabilities

 

663,051

710,743

Provisions for liabilities

(10,293)

(10,293)

Net assets

 

652,758

700,450

capital and reserves

 

Called up share capital

1,000

1,000

Profit and loss account

651,758

699,450

Shareholders funds

 

652,758

700,450

For the financial year ending 30 April 2023 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 12 September 2023 and signed on its behalf by:
 

.........................................
Mr D M Priest
Director

 

Getonline Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

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

The address of its registered office is:
12D Adlington Park
Adlington
Cheshire
SK10 4PZ

The principal place of business is:
12D Adlington Park
Adlington
Cheshire
SK10 4PZ

These financial statements were authorised for issue by the Board on 12 September 2023.

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 comply with FRS 102 Section 1A for small entities.

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.

Tax

The tax expense for the period comprises current and deferred 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.

 

Getonline Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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 over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance

Computer equipment

33% on cost

Motor vehicles

25% reducing balance

Plant and machinery

25% reducing balance

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.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.
 
 


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2022 - 5).

 

Getonline Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2022

563,680

49,096

612,776

Additions

24,203

-

24,203

At 30 April 2023

587,883

49,096

636,979

Depreciation

At 1 May 2022

553,489

5,114

558,603

Charge for the year

12,559

10,996

23,555

At 30 April 2023

566,048

16,110

582,158

Carrying amount

At 30 April 2023

21,835

32,986

54,821

At 30 April 2022

10,191

43,982

54,173

5

Debtors

Current

2023
£

2022
£

Trade debtors

4,051

57,864

Prepayments

1,393

1,469

Other debtors

8,502

32,499

 

13,946

91,832

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

3,076

2,264

Taxation and social security

23,088

26,824

Accruals and deferred income

3,745

3,475

Other creditors

81,750

47,678

111,659

80,241