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Company Registration No. 9518964 (England and Wales)
Webistics Ltd Unaudited accounts for the year ended 31 March 2023
Webistics Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
205,000 
187,949 
Current assets
Debtors
30,960 
15,720 
Cash at bank and in hand
15,699 
46,411 
46,659 
62,131 
Creditors: amounts falling due within one year
(125,704)
(135,653)
Net current liabilities
(79,045)
(73,522)
Net assets
125,955 
114,427 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
125,855 
114,327 
Shareholders' funds
125,955 
114,427 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2023 and were signed on its behalf by
Zachary P B Downs Director Company Registration No. 9518964
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Webistics Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Webistics Ltd is a private company, limited by shares, registered in England and Wales, registration number 9518964. The registered office is Flat 7 Mead Close, Ferdinand Street, Camden, London, NW1 8HG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2023 
£ 
Fair value at 1 April 2022
187,949 
Additions
11,606 
Net gain from fair value adjustments
5,445 
At 31 March 2023
205,000 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,960 
15,720 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
60,000 
60,000 
VAT
6,502 
7,868 
Taxes and social security
14,531 
22,827 
Loans from directors
44,022 
44,328 
Accruals
649 
630 
125,704 
135,653 
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Webistics Ltd Notes to the Accounts for the year ended 31 March 2023
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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