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REGISTERED NUMBER: 07903536 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

WEBAHEAD INTERNET LTD

WEBAHEAD INTERNET LTD (REGISTERED NUMBER: 07903536)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEBAHEAD INTERNET LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: Mr D A Jefferies





SECRETARY:





REGISTERED OFFICE: 2 Trinity Court
Faverdale North
Darlington
Co. Durham
DL3 0PH





REGISTERED NUMBER: 07903536 (England and Wales)





ACCOUNTANTS: Sanders Swinbank Limited
Chartered Accountants and Business Advisers
North Point
Faverdale North
Darlington
Co. Durham
DL3 0PH

WEBAHEAD INTERNET LTD (REGISTERED NUMBER: 07903536)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,536 10,395

CURRENT ASSETS
Debtors 5 43,841 54,285
Cash at bank and in hand 347,446 482,161
391,287 536,446
CREDITORS
Amounts falling due within one year 6 280,078 326,284
NET CURRENT ASSETS 111,209 210,162
TOTAL ASSETS LESS CURRENT LIABILITIES 114,745 220,557

PROVISIONS FOR LIABILITIES - 880
NET ASSETS 114,745 219,677

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 114,645 219,577
SHAREHOLDERS' FUNDS 114,745 219,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

WEBAHEAD INTERNET LTD (REGISTERED NUMBER: 07903536)

BALANCE SHEET - continued
31ST MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th November 2023 and were signed by:





Mr D A Jefferies - Director


WEBAHEAD INTERNET LTD (REGISTERED NUMBER: 07903536)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Webahead Internet Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - Straight line over 5 years
Computer equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2022 - 39 ) .

WEBAHEAD INTERNET LTD (REGISTERED NUMBER: 07903536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st April 2022
and 31st March 2023 11,162 13,883 25,045
DEPRECIATION
At 1st April 2022 5,394 9,256 14,650
Charge for year 2,232 4,627 6,859
At 31st March 2023 7,626 13,883 21,509
NET BOOK VALUE
At 31st March 2023 3,536 - 3,536
At 31st March 2022 5,768 4,627 10,395

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,595 19,691
Other debtors 12,246 34,594
43,841 54,285

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,138 8,894
Taxation and social security 242,540 221,798
Other creditors 32,400 95,592
280,078 326,284

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Between one and five years 23,160 23,160

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares 100 100 100

WEBAHEAD INTERNET LTD (REGISTERED NUMBER: 07903536)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

9. RELATED PARTY DISCLOSURES

The director Mr DA Jefferies owns 50% of the company Webahead Internet Limited.