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REGISTERED NUMBER: 08423829 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

Webb Street Limited
Trading as
The Webb Street Company

Webb Street Limited (Registered number: 08423829)
Trading as The Webb Street Company






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Report of the Accountant 2

Balance Sheet 3

Notes to the Financial Statements 5


Webb Street Limited
Trading as The Webb Street Company

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs E Davies
J M Davies
N Davies





SECRETARY:





REGISTERED OFFICE: Suite E
The Old Dutch Barn
Westend Office Suites
Stonehouse
Gloucestershire
GL10 3GE





REGISTERED NUMBER: 08423829 (England and Wales)





ACCOUNTANT: Andrew G Bishop
Accountancy Services
Mallaig
Church Road
Randwick
Stroud
Gloucestershire
GL6 6HH

Webb Street Limited
Trading as The Webb Street Company

Report of the Accountant to the Directors of
Webb Street Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Andrew G Bishop
Accountancy Services
Mallaig
Church Road
Randwick
Stroud
Gloucestershire
GL6 6HH


22 February 2024

Webb Street Limited (Registered number: 08423829)
Trading as The Webb Street Company

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 384 768

CURRENT ASSETS
Stocks 80,000 72,500
Debtors 5 1,346 -
Cash at bank and in hand 214 6,792
81,560 79,292
CREDITORS
Amounts falling due within one year 6 70,429 59,591
NET CURRENT ASSETS 11,131 19,701
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,515

20,469

CREDITORS
Amounts falling due after more than one
year

7

35,278

40,833
NET LIABILITIES (23,763 ) (20,364 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (23,765 ) (20,366 )
SHAREHOLDERS' FUNDS (23,763 ) (20,364 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Webb Street Limited (Registered number: 08423829)
Trading as The Webb Street Company

Balance Sheet - continued
28 February 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 Board of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by:




Mrs E Davies - Director



J M Davies - Director


Webb Street Limited (Registered number: 08423829)
Trading as The Webb Street Company

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Webb Street 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.

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.
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

Webb Street Limited (Registered number: 08423829)
Trading as The Webb Street Company

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 20,410 1,500 4,065 25,975
Disposals - - (2,914 ) (2,914 )
At 28 February 2023 20,410 1,500 1,151 23,061
DEPRECIATION
At 1 March 2022 20,410 1,500 3,297 25,207
Charge for year - - 384 384
Eliminated on disposal - - (2,914 ) (2,914 )
At 28 February 2023 20,410 1,500 767 22,677
NET BOOK VALUE
At 28 February 2023 - - 384 384
At 28 February 2022 - - 768 768

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,346 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors - 3,870
Taxation and social security 545 1,836
Other creditors 64,884 48,885
70,429 59,591

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 35,278 40,833

Amounts falling due in more than five years:

Repayable by instalments
Bounce back loan 35,278 40,833

Webb Street Limited (Registered number: 08423829)
Trading as The Webb Street Company

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. RELATED PARTY DISCLOSURES

The company owed the directors £61,854 (2022 £45,360) at the year end. There are no set repayment terms. Interest of £5,344 (2022 £3,438) was paid during the year.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr JM & Mrs E Davies who are directors and the only shareholders.