Registered number
11181046
Chris Davies Web Design Limited
Unaudited Filleted Accounts
29 February 2024
Chris Davies Web Design Limited
Registered number: 11181046
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 4,529 2,669
Current assets
Debtors 5 5,084 10,232
Cash at bank and in hand 15,360 20,869
20,444 31,101
Creditors: amounts falling due within one year 6 (12,715) (19,499)
Net current assets 7,729 11,602
Total assets less current liabilities 12,258 14,271
Provisions for liabilities (861) (507)
Net assets 11,397 13,764
Capital and reserves
Called up share capital 1 1
Profit and loss account 11,396 13,763
Shareholder's funds 11,397 13,764
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C Davies
Director
Approved by the board on 26 July 2024
Chris Davies Web Design Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2023 11,300
At 29 February 2024 11,300
Amortisation
At 1 March 2023 11,300
At 29 February 2024 11,300
Net book value
At 29 February 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 4,962
Additions 2,993
At 29 February 2024 7,955
Depreciation
At 1 March 2023 2,293
Charge for the year 1,133
At 29 February 2024 3,426
Net book value
At 29 February 2024 4,529
At 28 February 2023 2,669
5 Debtors 2024 2023
£ £
Trade debtors 1,978 6,645
Other debtors 3,106 3,587
5,084 10,232
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,589 131
Taxation and social security costs 6,128 7,259
Other creditors 4,998 12,109
12,715 19,499
7 Other information
Chris Davies Web Design Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Providence Court
Pynes Hill
Exeter
Devon
EX2 5JL
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