Company Registration No. 06583827 (England and Wales)
Simon Webb Limited
Unaudited accounts
for the year ended 31 December 2023
Simon Webb Limited
Unaudited accounts
Contents
Simon Webb Limited
Company Information
for the year ended 31 December 2023
Directors
S J Webb
S A Webb
Company Number
06583827 (England and Wales)
Registered Office
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Accountants
Taylor Consultancy, Chartered Certified Accountants
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
Simon Webb Limited
Statement of financial position
as at 31 December 2023
Tangible assets
14,555
13,233
Cash at bank and in hand
106
38,873
Creditors: amounts falling due within one year
(105,460)
(100,197)
Net current assets
242,346
278,761
Total assets less current liabilities
256,901
291,994
Creditors: amounts falling due after more than one year
(13,834)
(14,968)
Provisions for liabilities
Deferred tax
(2,765)
(2,514)
Net assets
240,302
274,512
Called up share capital
100
100
Profit and loss account
240,202
274,412
Shareholders' funds
240,302
274,512
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by
S J Webb
Director
Company Registration No. 06583827
Simon Webb Limited
Notes to the Accounts
for the year ended 31 December 2023
Simon Webb Limited is a private company, limited by shares, registered in England and Wales, registration number 06583827. The registered office is Primary House, Spring Gardens, Macclesfield, Cheshire, SK10 2DX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum on a reducing balance basis
Fixtures & fittings
20% per annum on a reducing balance basis
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Simon Webb Limited
Notes to the Accounts
for the year ended 31 December 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2023
36,643
11,671
48,314
Additions
3,080
1,806
4,886
At 31 December 2023
39,723
13,477
53,200
At 1 January 2023
25,532
9,549
35,081
Charge for the year
2,778
786
3,564
At 31 December 2023
28,310
10,335
38,645
At 31 December 2023
11,413
3,142
14,555
At 31 December 2022
11,111
2,122
13,233
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
8,333
11,111
Amounts falling due within one year
Trade debtors
37,204
14,589
Amounts due from group undertakings etc.
284,096
284,096
Other debtors
26,400
41,400
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,677
5,934
Obligations under finance leases and hire purchase contracts
9,984
15,168
Trade creditors
18,798
13,796
Amounts owed to group undertakings and other participating interests
6,774
4,754
Taxes and social security
42,265
33,030
Other creditors
3,595
3,595
Loans from directors
501
1,071
Simon Webb Limited
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Liabilities under hire purchase contracts are secured on the assets to which they relate
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50
50
25 A Ordinary Shares of £1 each
25
25
25 B Ordinary Shares of £1 each
25
25
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Transactions with related parties
Mr S J Webb is a shareholder and director in both Simon Webb Limited and Art Gym Limited
Simon Webb Limited made a loan to Art Gym Limited, at the balance sheet date the amount due was £284,096 ( 2022 - £284,096 )
The loan in repayable upon demand and subject to interest at a commercial rate
Mr S J Webb was a shareholder and director in both Simon Webb Limited and Tidy Planet Limited at the balance sheet date
Tidy Planet Limited made a loan to Simon Webb Limited, at the balance sheet date the amount due was £6,774 ( 2022 - £4,754)
The loan in repayable upon demand and subject to interest at a commercial rate
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Average number of employees
During the year the average number of employees was 2 (2022: 2).