Registered number
11857431
C Webster Property & Developments Ltd
Filleted Accounts
28 February 2023
C Webster Property & Developments Ltd
Registered number: 11857431
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 20,679 7,592
Current assets
Debtors 4 19,000 -
Cash at bank and in hand 7,397 62,678
26,397 62,678
Creditors: amounts falling due within one year 5 (22,446) (57,779)
Net current assets 3,951 4,899
Net assets 24,630 12,491
Capital and reserves
Called up share capital 100 100
Profit and loss account 24,530 12,391
Shareholders' funds 24,630 12,491
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Clive Webster
Director
Approved by the board on 29 November 2023
C Webster Property & Developments Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2022 2,727 13,385 16,112
Additions 2,401 17,000 19,401
At 28 February 2023 5,128 30,385 35,513
Depreciation
At 1 March 2022 782 7,738 8,520
Charge for the year 652 5,662 6,314
At 28 February 2023 1,434 13,400 14,834
Net book value
At 28 February 2023 3,694 16,985 20,679
At 28 February 2022 1,945 5,647 7,592
4 Debtors 2023 2022
£ £
Other debtors 19,000 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 3,981 10,073
Taxation and social security costs 4,493 23,751
Directors Loan Account 12,747 22,730
Other creditors 1,225 1,225
22,446 57,779
6 Other information
C Webster Property & Developments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
58 High Lane East
West Hallam
Ilkeston
Derbyshire
DE7 6HW
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