Company registration number 00766473 (England and Wales)
M. J. WEBB MANAGEMENT SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
M. J. WEBB MANAGEMENT SERVICES LIMITED
CONTENTS
Page
Balance sheet
2
Notes to the financial statements
3 - 5
M. J. WEBB MANAGEMENT SERVICES LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr M J Webb
Miss S L Webb
Mr J M Webb
Company number
00766473
Registered office
Home Farm
East Lodge
Needwood
Burton On Trent
Staffordshire
England
DE13 9PQ
Accountants
Haslehursts Limited
88 Hill Village Road
Sutton Coldfield
West Midlands
England
B75 5BE
M. J. WEBB MANAGEMENT SERVICES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,841
6,752
Current assets
Debtors
5
8,335
646
Cash at bank and in hand
1,208
10,222
9,543
10,868
Creditors: amounts falling due within one year
6
(24,907)
(43,505)
Net current liabilities
(15,364)
(32,637)
Net liabilities
(13,523)
(25,885)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(13,623)
(25,985)
Total equity
(13,523)
(25,885)
For the financial year ended 31 December 2023 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 in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 28 May 2024 and are signed on its behalf by:
Mr M J Webb
Director
Company registration number 00766473 (England and Wales)
M. J. WEBB MANAGEMENT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
1
Accounting policies
Company information
M. J. Webb Management Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Home Farm, East Lodge, Needwood, Burton On Trent, Staffordshire, England, DE13 9PQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The accounts are prepared on the going concern basis on the assumption that the company's creditors, in particular the directors, continue to provide financial support to the company.true
1.3
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.4
Tangible fixed assets
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
15% on reducing balance
Computers
33% on cost
Motor vehicles
25% on cost
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
M. J. WEBB MANAGEMENT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 4 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.6
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
5
5
3
Taxation
No liability to UK corporation tax arose for the year ended 31 December 2023 nor the year ended 31 December 2022.
M. J. WEBB MANAGEMENT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
4
Tangible fixed assets
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2023 and 31 December 2023
28,892
19,489
25,000
73,381
Depreciation and impairment
At 1 January 2023
26,437
19,489
20,703
66,629
Depreciation charged in the year
614
4,297
4,911
At 31 December 2023
27,051
19,489
25,000
71,540
Carrying amount
At 31 December 2023
1,841
1,841
At 31 December 2022
2,455
4,297
6,752
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
8,162
Other debtors
173
646
8,335
646
6
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
4,297
3,695
Other creditors
20,610
39,810
24,907
43,505
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100