Web Development 365 Ltd 13928927 false 2022-02-21 2023-02-28 2023-02-28 The principal activity of the company is the provision of information technology consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true true 13928927 2022-02-21 2023-02-28 13928927 2023-02-28 13928927 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-02-28 13928927 bus:Original 2023-02-28 13928927 core:CurrentFinancialInstruments 2023-02-28 13928927 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 13928927 bus:SmallEntities 2022-02-21 2023-02-28 13928927 bus:AuditExemptWithAccountantsReport 2022-02-21 2023-02-28 13928927 bus:FullAccounts 2022-02-21 2023-02-28 13928927 bus:SmallCompaniesRegimeForAccounts 2022-02-21 2023-02-28 13928927 bus:RegisteredOffice 2022-02-21 2023-02-28 13928927 bus:Director2 2022-02-21 2023-02-28 13928927 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2022-02-21 2023-02-28 13928927 bus:PrivateLimitedCompanyLtd 2022-02-21 2023-02-28 13928927 countries:England 2022-02-21 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13928927

Web Development 365 Ltd

Unaudited Filleted Financial Statements

for the Period from 21 February 2022 to 28 February 2023

 

Web Development 365 Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Web Development 365 Ltd

(Registration number: 13928927)
Balance Sheet as at 28 February 2023

Note

2023
£

Current assets

 

Debtors

4

1

Cash at bank and in hand

 

635

 

636

Creditors: Amounts falling due within one year

5

(323)

Net assets

 

313

Capital and reserves

 

Called up share capital

6

1

Retained earnings

312

Shareholders' funds

 

313

For the financial period ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his 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 Profit and Loss Account.

Approved and authorised by the director on 16 November 2023
 

.........................................
Mr I M Loftus
Director

 

Web Development 365 Ltd

Notes to the Unaudited Financial Statements for the Period from 21 February 2022 to 28 February 2023

1

General information

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

The address of its registered office is:
Lancashire Digital Technology Centre
Bancroft Road
Burnley
Lancashire
BB10 2TP

These financial statements were authorised for issue by the director on 16 November 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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Web Development 365 Ltd

Notes to the Unaudited Financial Statements for the Period from 21 February 2022 to 28 February 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0.

4

Debtors

2023
£

Other debtors

1

1

 

Web Development 365 Ltd

Notes to the Unaudited Financial Statements for the Period from 21 February 2022 to 28 February 2023

5

Creditors

2023
£

Due within one year

Taxation and social security

73

Accruals and deferred income

250

323

6

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary shares of £1 each

1

1