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Company Registration No. 09982529 (England and Wales)
THE WEB GUYS NETWORK LIMITED Unaudited accounts for the year ended 28 February 2023
THE WEB GUYS NETWORK LIMITED Unaudited accounts Contents
Page
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THE WEB GUYS NETWORK LIMITED Company Information for the year ended 28 February 2023
Directors
Brian Poulsen Lynggaard Jonathan Williams
Company Number
09982529 (England and Wales)
Registered Office
97 SUNNINGDALE WAY GAINSBOROUGH NORTH LINCOLNSHIRE DN21 1FZ ENGLAND
Accountants
Accsafe Ltd T/A D&K Accounting Office 2, The Beehive Bawtry Hall Bawtry South Yorkshire DN10 6JH
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THE WEB GUYS NETWORK LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
181 
272 
Current assets
Debtors
30,938 
- 
Cash at bank and in hand
2,751 
6,360 
33,689 
6,360 
Creditors: amounts falling due within one year
(13,611)
15,085 
Net current assets
20,078 
21,445 
Total assets less current liabilities
20,259 
21,717 
Creditors: amounts falling due after more than one year
(19,535)
(20,000)
Net assets
724 
1,717 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
624 
1,617 
Shareholders' funds
724 
1,717 
For the year ending 28 February 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 3 July 2023 and were signed on its behalf by
Brian Poulsen Lynggaard Director Company Registration No. 09982529
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THE WEB GUYS NETWORK LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
THE WEB GUYS NETWORK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09982529. The registered office is 97 SUNNINGDALE WAY, GAINSBOROUGH, NORTH LINCOLNSHIRE, DN21 1FZ, ENGLAND.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
683 
At 28 February 2023
683 
Depreciation
At 1 March 2022
411 
Charge for the year
91 
At 28 February 2023
502 
Net book value
At 28 February 2023
181 
At 28 February 2022
272 
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THE WEB GUYS NETWORK LIMITED Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
30,938 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,680 
2,166 
Taxes and social security
11,931 
8,023 
Loans from directors
- 
(25,274)
13,611 
(15,085)
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
19,535 
20,000 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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