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Company Registration No. 00940754 (England and Wales)
Webdrive365 Limited Unaudited accounts for the year ended 31 July 2024
Webdrive365 Limited Unaudited accounts Contents
Page
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Webdrive365 Limited Company Information for the year ended 31 July 2024
Directors
S J Wilson A Biswas
Secretary
A Biswas
Company Number
00940754 (England and Wales)
Registered Office
3 Hartington Road Southall Middlesex UB2 5AU England
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Webdrive365 Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,287 
12,383 
Investments
1 
1 
3,288 
12,384 
Current assets
Debtors
64,563 
61,907 
Cash at bank and in hand
17,325 
23,331 
81,888 
85,238 
Creditors: amounts falling due within one year
(49,563)
(57,555)
Net current assets
32,325 
27,683 
Net assets
35,613 
40,067 
Capital and reserves
Called up share capital
2,000 
2,000 
Profit and loss account
33,613 
38,067 
Shareholders' funds
35,613 
40,067 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by
S J Wilson Director Company Registration No. 00940754
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Webdrive365 Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Webdrive365 Limited is a private company, limited by shares, registered in England and Wales, registration number 00940754. The registered office is 3 Hartington Road, Southall, Middlesex, UB2 5AU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Depreciation
Depreciation is calculated on the net cost of fixed assets as follows:-
Fixtures & fittings
15% per annum on net book values
Computer equipment
2 years straight line
Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
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Webdrive365 Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
17,954 
34,936 
52,890 
Additions
- 
2,466 
2,466 
Disposals
- 
(712)
(712)
At 31 July 2024
17,954 
36,690 
54,644 
Depreciation
At 1 August 2023
15,538 
24,969 
40,507 
Charge for the year
362 
11,200 
11,562 
On disposals
- 
(712)
(712)
At 31 July 2024
15,900 
35,457 
51,357 
Net book value
At 31 July 2024
2,054 
1,233 
3,287 
At 31 July 2023
2,416 
9,967 
12,383 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 August 2023
1 
Valuation at 31 July 2024
1 
The company holds 100% of the issued share capital of Zipdogg Limited.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
877 
500 
Amounts due from group undertakings etc.
4,665 
4,665 
Other debtors
59,021 
56,742 
64,563 
61,907 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
17,758 
23,448 
Other creditors
2,866 
2,600 
Loans from directors
28,939 
31,507 
49,563 
57,555 
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Webdrive365 Limited Notes to the Accounts for the year ended 31 July 2024
8
Transactions with related parties
Messrs. A. Biswas and S. Wilson, the directors of the company during the year, jointly hold 60% of the issued share capital. At the balance sheet date, £4,665 (2023 - £4,665) was owed by Zipdogg Limited, the company's subsidiary. At the balance sheet date, £37,650 (2023 - £36,400) was owed by Paragone NFT Limited, a company under the control of Messrs. A. Biswas and S. Wilson who are both directors and own 100% of the issued share capital. At 31st July 2024, the following amounts were owed by the company to the directors:- A. Biswas - £14,862 (2023 - £22,416) S. Wilson - £14,077 (2023 - 9,090)
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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