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Registered number: 07828081
Community Ad Web Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Kent Coast Accounts Ltd
AAT Licenced Accountants
39 Brooke Avenue
Margate
Kent
CT9 5NG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07828081
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 250 300
Tangible Assets 5 6,850 6,918
7,100 7,218
CURRENT ASSETS
Debtors 6 413,251 436,131
Cash at bank and in hand 170,143 204,518
583,394 640,649
Creditors: Amounts Falling Due Within One Year 7 (394,640 ) (415,598 )
NET CURRENT ASSETS (LIABILITIES) 188,754 225,051
TOTAL ASSETS LESS CURRENT LIABILITIES 195,854 232,269
Creditors: Amounts Falling Due After More Than One Year 8 (15,735 ) (32,710 )
NET ASSETS 180,119 199,559
CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Profit and Loss Account 179,119 198,559
SHAREHOLDERS' FUNDS 180,119 199,559
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For the year ending 31 October 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 Kelly Stacey
Director
31st July 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Community Ad Web Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07828081 . The registered office is 1st Floor, 7 Cecil Square, Margate, Kent, CT9 1BD.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration invoiced for advertising services. Turnover recognised at the stage of agreed advert sale. Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are company trademarks in relation to the Community Ad names and brands. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Motor Vehicles 50% reducing balance
Fixtures & Fittings 25% straight line
2.6. Leasing and Hire Purchase Contracts
Finance leases
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Hire purchase contracts
Assets acquired under hire purchase contracts are depreciated over their useful lives. 
Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. 
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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2.9. Directors Loan Balances
Interest is charged on Directors Loans at a rate of 2.5% per annum on the annual basis. With interest charged to the account in the year of 2023- £2,146 (2022 - £2,580).
3. Average Number of Employees
Average number of employees, including directors, during the year was: 35 (2022: 32)
35 32
4. Intangible Assets
Other
£
Cost
As at 1 November 2022 500
As at 31 October 2023 500
Amortisation
As at 1 November 2022 200
Provided during the period 50
As at 31 October 2023 250
Net Book Value
As at 31 October 2023 250
As at 1 November 2022 300
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2022 35,131 14,556 7,135 56,822
Additions 8,448 9,475 - 17,923
As at 31 October 2023 43,579 24,031 7,135 74,745
Depreciation
As at 1 November 2022 32,430 10,839 6,635 49,904
Provided during the period 10,895 6,596 500 17,991
As at 31 October 2023 43,325 17,435 7,135 67,895
Net Book Value
As at 31 October 2023 254 6,596 - 6,850
As at 1 November 2022 2,701 3,717 500 6,918
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 287,040 267,528
Other debtors 123,928 159,485
410,968 427,013
Due after more than one year
Amounts recoverable on contracts - 250
Other debtors 2,283 8,868
2,283 9,118
413,251 436,131
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 131,889 74,609
Bank loans and overdrafts 17,854 22,055
Other creditors 7,690 54,530
Taxation and social security 237,207 264,404
394,640 415,598
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 15,735 32,710
9. Deferred Taxation
The provision for deferred taxation is made up of accelerated capital allowances.
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
11. Pension Commitments
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of 2022 - £997 (2021 - £1,168 were due to the fund. They are included in Other Creditors.
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12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Mrs Kelly Stacey 92,482 50,735 64,000 - 79,217
Interest is charged on Directors Loans at a rate of 2.5% per annum on the averaging basis. (HMRC’s currently published beneficial loan rate for the period) With interest charged to the account in the year of 2023 - £2,146 (2022 - £2,580 ).
13. Related Party Transactions
This Company made loans to employees related to key members of the board by Direct family hierarchy.  The total value of the loan equates to: £15,700. This was a new loan made in 2021. The highest amount outstanding during the year was 2023 - £15,398 (2022 - £15,398,) the repayment term is over six years with interest charged at HMRC’s beneficial loan rates currently 2.5% on the averaging basis. During the financial year interest was charged on the loan of 2023 - £266 (2022 -£533).
14. Ultimate Controlling Party
The company's ultimate controlling party is Ms Kelly Stacey by virtue of her ownership of 100% of the issued share capital in the company.
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