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MA Web Services Ltd
Registered Number:11897987
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
MA Web Services Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
11897987
As at 31 March 2024
MA Web Services Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
5,574
8,361
2
Property, plant and equipment
1,847
3,797
3
7,421
12,158
Current assets
Trade and other receivables
52,331
29,625
4
88,680
Cash and cash equivalents
130,258
159,883
141,011
Trade and other payables: amounts falling due within one
year
(42,655)
(54,718)
5
98,356
105,165
Net current assets
Total assets less current liabilities
112,586
110,514
Trade and other payables: amounts falling due after more
than one year
(7,644)
(5,097)
6
(462)
(949)
Provisions for liabilities
107,027
Net assets
101,921
Capital and reserves
Called up share capital
1
1
Retained earnings
107,026
101,920
107,027
101,921
Shareholders' funds
For the year ended 31 March 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 31 March 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.
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4
Registered Number :
11897987
For the year ended 31 March 2024
MA Web Services Ltd
Statement of Financial Position Continued
Mr M V Alexander Director
These financial statements were approved and authorised for issue by the Board on 04 August 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2024
MA Web Services Ltd
Notes to the Financial Statements
Statutory Information
MA Web Services Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 11897987.
Registered address:
33 Chapman Avenue
Maidstone
Kent
ME15 8EN
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable excluding value added tax for digital marketing services.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a wesbite, is being amortised evenly over its estimated useful life of 5 years.
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:
Plant and Machinery
33.33% Straight line
25% Straight line
Computer Equipment
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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6
For the year ended 31 March 2024
MA Web Services Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2023
13,935
At 31 March 2024
13,935
Amortisation
At 01 April 2023
5,574
2,787
Charge for year
At 31 March 2024
8,361
Net book value
At 31 March 2024
5,574
At 31 March 2023
8,361
3. Property, plant and equipment
Total
Computer
Equipment
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 April 2023
9,935
3,702
6,233
704
541
163
Additions
At 31 March 2024
6,396
4,243
10,639
Provision for depreciation and impairment
At 01 April 2023
6,138
2,543
3,595
Charge for year
2,654
937
1,717
At 31 March 2024
8,792
3,480
5,312
At 31 March 2024
Net book value
1,084
763
1,847
At 31 March 2023
2,638
1,159
3,797
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7
For the year ended 31 March 2024
MA Web Services Ltd
Notes to the Financial Statements Continued
4. Trade and other receivables
2023
2024
£
£
Trade debtors
25,806
22,148
Amounts owed by group undertakings and participating interests
235
235
Other debtors
3,584
29,948
52,331
29,625
The debtors above include the following amounts falling due after more than one year:
Other debtors
3,584
29,948
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
2,780
3,012
Taxation and social security
49,386
38,487
Other creditors
2,552
1,156
54,718
42,655
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
5,097
7,644
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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