Acorah Software Products - Accounts Production 14.5.601 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 NI649863 Mrs Vandana Kumari iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI649863 2022-12-31 NI649863 2023-12-31 NI649863 2023-01-01 2023-12-31 NI649863 frs-core:CurrentFinancialInstruments 2023-12-31 NI649863 frs-core:ShareCapital 2023-12-31 NI649863 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI649863 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI649863 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 NI649863 frs-bus:SmallEntities 2023-01-01 2023-12-31 NI649863 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 NI649863 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI649863 frs-bus:Director1 2023-01-01 2023-12-31 NI649863 frs-countries:EnglandWales 2023-01-01 2023-12-31 NI649863 2021-12-31 NI649863 2022-12-31 NI649863 2022-01-01 2022-12-31 NI649863 frs-core:CurrentFinancialInstruments 2022-12-31 NI649863 frs-core:ShareCapital 2022-12-31 NI649863 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: NI649863
Webologix Ltd
Financial Statements
For The Year Ended 31 December 2023
TaxQube Group
5th Floor
167 - 169 Great Portland Street
London
W1W 5PF
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: NI649863
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 242,658 345,458
Cash at bank and in hand 33,319 48,990
275,977 394,448
Creditors: Amounts Falling Due Within One Year 5 (288,617 ) (423,149 )
NET CURRENT ASSETS (LIABILITIES) (12,640 ) (28,701 )
TOTAL ASSETS LESS CURRENT LIABILITIES (12,640 ) (28,701 )
NET LIABILITIES (12,640 ) (28,701 )
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account (12,641 ) (28,702 )
SHAREHOLDERS' FUNDS (12,640) (28,701)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Vandana Kumari
Director
23rd April 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Webologix Ltd is a private company, limited by shares, incorporated in England & Wales, registered number NI649863 . The registered office is 228 Glenwood Court, Lisburn, Antrim, BT28 3UF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 242,658 201,450
Prepayments and accrued income - 144,008
242,658 345,458
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 2,260 17,497
Bank loans and overdrafts 24,358 34,239
Other taxes and social security 3,081 17,473
VAT 52,431 22,048
Net wages 6,962 15,840
Accruals and deferred income 185,763 296,610
Director's loan account 13,762 19,442
288,617 423,149
Page 2
Page 3
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 3