Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-02-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity11falsetrue 12423508 2023-02-01 2024-03-31 12423508 2022-02-01 2023-01-31 12423508 2024-03-31 12423508 2023-01-31 12423508 c:Director1 2023-02-01 2024-03-31 12423508 d:OfficeEquipment 2023-02-01 2024-03-31 12423508 d:OfficeEquipment 2024-03-31 12423508 d:OfficeEquipment 2023-01-31 12423508 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-03-31 12423508 d:CurrentFinancialInstruments 2024-03-31 12423508 d:CurrentFinancialInstruments 2023-01-31 12423508 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12423508 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12423508 d:ShareCapital 2024-03-31 12423508 d:ShareCapital 2023-01-31 12423508 d:RetainedEarningsAccumulatedLosses 2024-03-31 12423508 d:RetainedEarningsAccumulatedLosses 2023-01-31 12423508 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-03-31 12423508 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-01-31 12423508 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 12423508 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 12423508 c:FRS102 2023-02-01 2024-03-31 12423508 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-03-31 12423508 c:FullAccounts 2023-02-01 2024-03-31 12423508 c:PrivateLimitedCompanyLtd 2023-02-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 12423508










WEBLIFE DIGITAL LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
WEBLIFE DIGITAL LIMITED
REGISTERED NUMBER: 12423508

BALANCE SHEET
AS AT 31 MARCH 2024

31 March
31 January
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
1,688

  
-
1,688

Current assets
  

Debtors: amounts falling due within one year
 5 
13,920
3,698

Cash at bank and in hand
 6 
3,214
1,794

  
17,134
5,492

Creditors: amounts falling due within one year
 7 
(13,095)
(6,002)

Net current assets/(liabilities)
  
 
 
4,039
 
 
(510)

Total assets less current liabilities
  
4,039
1,178

Provisions for liabilities
  

Deferred tax
 9 
-
(321)

  
 
 
-
 
 
(321)

Net assets
  
4,039
857


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
4,038
856

  
4,039
857


Page 1

 
WEBLIFE DIGITAL LIMITED
REGISTERED NUMBER: 12423508

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 September 2024.




Russell David Judd
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
WEBLIFE DIGITAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Weblife Digital Ltd is a limited company incorporated in England and Wales on 24 January 2020. The Registered office is 11 Petworth Gardens, Southend-On-Sea, England, SS2 4TG. The registered number is 12423508.
The company ceased trading on 31 March 2024

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
WEBLIFE DIGITAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
WEBLIFE DIGITAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2023 - 1).

Page 5

 
WEBLIFE DIGITAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 February 2023
2,320



At 31 March 2024

2,320



Depreciation


At 1 February 2023
632


Charge for the period on owned assets
1,688



At 31 March 2024

2,320



Net book value



At 31 March 2024
-



At 31 January 2023
1,688


5.


Debtors

31 March
31 January
2024
2023
£
£


Trade debtors
13,920
3,698

13,920
3,698



6.


Cash and cash equivalents

31 March
31 January
2024
2023
£
£

Cash at bank and in hand
3,214
1,794

3,214
1,794


Page 6

 
WEBLIFE DIGITAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

31 March
31 January
2024
2023
£
£

Trade creditors
1,801
1,150

Corporation tax
7,436
1,905

Other taxation and social security
3,793
2,904

Other creditors
65
43

13,095
6,002



8.


Financial instruments

31 March
31 January
2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
3,214
1,794




Financial assets measured at fair value through profit or loss comprise cash at bank.


9.


Deferred taxation






2024


£






At beginning of year
321


Utilised in year
(321)



At end of year
-

The deferred taxation balance is made up as follows:

31 March
31 January
2024
2023
£
£


Accelerated capital allowances
-
321

-
321

Page 7

 
WEBLIFE DIGITAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

10.


Related party transactions

During the year the company paid dividends to the director amounting to £13,750 (2022: £12,050).


Page 8