2023-03-01 08899760 2024-02-29 08899760 2023-03-01 2024-02-29 08899760 2023-02-28 08899760 2022-03-01 2023-02-28 08899760 uk-core:WithinOneYear 2023-02-28 08899760 uk-core:WithinOneYear 2024-02-29 08899760 uk-core:ShareCapital 2024-02-29 08899760 uk-core:ShareCapital 2023-02-28 08899760 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 08899760 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 08899760 uk-bus:Director1 2023-03-01 2024-02-29 08899760 uk-core:ComputerEquipment 2023-03-01 2024-02-29 08899760 uk-core:FurnitureFittings 2023-03-01 2024-02-29 08899760 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-29 08899760 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-02-29 08899760 uk-core:ComputerEquipment 2023-02-28 08899760 uk-core:FurnitureFittings 2023-02-28 08899760 uk-core:FurnitureFittings 2024-02-29 08899760 uk-core:ComputerEquipment 2024-02-29 08899760 uk-core:AdditionsToInvestments 2024-02-29 08899760 uk-core:AdditionsToInvestments uk-core:Non-currentFinancialInstruments 2024-02-29 08899760 uk-core:DisposalsRepaymentsInvestments 2024-02-29 08899760 uk-core:DisposalsRepaymentsInvestments uk-core:Non-currentFinancialInstruments 2024-02-29 08899760 uk-core:RevaluationsIncreaseDecreaseInInvestments 2024-02-29 08899760 uk-core:RevaluationsIncreaseDecreaseInInvestments uk-core:Non-currentFinancialInstruments 2024-02-29 08899760 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-02-29 08899760 uk-core:CostValuation 2024-02-29 08899760 uk-core:Non-currentFinancialInstruments 2024-02-29 08899760 uk-core:AfterOneYear 2024-02-29 08899760 uk-core:AfterOneYear 2023-02-28 iso4217:GBP xbrli:pure 08899760 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 08899760 uk-bus:FRS102 2023-03-01 2024-02-29 08899760 uk-bus:FilletedAccounts 2023-03-01 2024-02-29 08899760 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29
Web3 Consulting Ltd
Registered Number:08899760
For the year ended 29 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 29 February 2024
Web3 Consulting Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
08899760
As at 29 February 2024
Web3 Consulting Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
7,998
-
2
Property, plant and equipment
7,199
3,999
3
Financial assets
-
31,649
4
46,846
3,999
Current assets
Trade and other receivables
123,896
76,824
5
63,774
Cash and cash equivalents
29,536
106,360
187,670
Trade and other payables: amounts falling due within one
year
(37,629)
(29,367)
6
150,041
76,993
Net current assets
Total assets less current liabilities
123,839
154,040
(1,539)
(760)
Provisions for liabilities
122,300
Net assets
153,280
Capital and reserves
Called up share capital
20
20
Retained earnings
122,280
153,260
122,300
153,280
Shareholders' funds
For the year ended 29 February 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 of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Radoslaw Kotlarek Director
These financial statements were approved and authorised for issue by the Board on 29 August 2024 and were signed by:
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4
Registered Number :
08899760
For the year ended 29 February 2024
Web3 Consulting Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 29 February 2024
Web3 Consulting Ltd
Notes to the Financial Statements
Statutory Information
Web3 Consulting Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08899760.
Principal place of business:
Waverley
Bryn Mawr Road
Holywell
CH8 7AP
Registered address:
71-75 Shelton Street
London
WC2H 9JQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Computer Equipment
25% Straight line
Furniture and Fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Intangible fixed assets
Research &
Development
Cost or valuation
£
Additions
7,998
At 29 February 2024
7,998
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6
For the year ended 29 February 2024
Web3 Consulting Ltd
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
£
£
£
Cost or
valuation
At 01 March 2023
31,987
30,680
1,307
5,165
5,165
-
Additions
At 29 February 2024
1,307
35,845
37,152
Provision for depreciation and impairment
At 01 March 2023
27,988
27,571
417
Charge for year
1,965
1,638
327
At 29 February 2024
29,953
29,209
744
At 29 February 2024
Net book value
563
6,636
7,199
At 28 February 2023
890
3,109
3,999
4. Investments held as fixed assets
Other investments
Total
Cost
£
£
53,068
53,068
Additions
Disposals/Repayments
(16,747)
(16,747)
(4,672)
(4,672)
Revaluations
At 29 February 2024
31,649
31,649
At 29 February 2024
Net book value
31,649
31,649
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7
For the year ended 29 February 2024
Web3 Consulting Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
13,056
15,936
Amounts owed by group undertakings and participating interests
49,591
94,728
Amounts owed by directors
14,177
13,232
123,896
76,824
The debtors above include the following amounts falling due after more than one year:
Amounts owed by group undertakings and participating interests
49,591
94,728
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
45
499
Taxation and social security
17,522
29,535
Accruals and deferred income
11,800
7,320
Other creditors
-
275
29,367
37,629
7. Average number of persons employed
During the year the average number of employees was 4 (2023 : 3)
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