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REGISTERED NUMBER: 06490984 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Webexpand Limited

Webexpand Limited (Registered number: 06490984)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Webexpand Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs J McCord
Mr D H McCord





SECRETARY: Mrs J McCord





REGISTERED OFFICE: Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD





REGISTERED NUMBER: 06490984 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Webexpand Limited (Registered number: 06490984)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,637 1,600
Investment property 6 150,000 120,000
151,637 121,600

CURRENT ASSETS
Debtors 7 4,203 4,065
Cash at bank 7,904 11,032
12,107 15,097
CREDITORS
Amounts falling due within one year 8 10,073 15,151
NET CURRENT ASSETS/(LIABILITIES) 2,034 (54 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,671

121,546

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 48,752 18,752
Retained earnings 104,819 102,694
153,671 121,546

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

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

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by:





Mr D H McCord - Director


Webexpand Limited (Registered number: 06490984)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Webexpand Limited 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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 10,000
AMORTISATION
At 1 August 2022
and 31 July 2023 10,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

Webexpand Limited (Registered number: 06490984)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 567 576 8,500 4,777 14,420
Additions - - - 1,673 1,673
Disposals (392 ) - - (1,097 ) (1,489 )
At 31 July 2023 175 576 8,500 5,353 14,604
DEPRECIATION
At 1 August 2022 338 217 8,500 3,765 12,820
Charge for year 23 89 - 985 1,097
Eliminated on disposal (257 ) - - (693 ) (950 )
At 31 July 2023 104 306 8,500 4,057 12,967
NET BOOK VALUE
At 31 July 2023 71 270 - 1,296 1,637
At 31 July 2022 229 359 - 1,012 1,600

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 120,000
Revaluations 30,000
At 31 July 2023 150,000
NET BOOK VALUE
At 31 July 2023 150,000
At 31 July 2022 120,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2022 120,000
Valuation in 2023 30,000
150,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 3,394 3,624
Other debtors 809 441
4,203 4,065

Webexpand Limited (Registered number: 06490984)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Taxation and social security 7,172 8,667
Other creditors 2,901 6,484
10,073 15,151

9. RESERVES
Revaluation
reserve
£   
At 1 August 2022 18,752
Revaluation reserve adjustment 30,000

At 31 July 2023 48,752