Registered number
03636700
Web Direct (UK) Ltd
Unaudited Filleted Accounts
31 December 2023
Web Direct (UK) Ltd
Registered number: 03636700
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 710 716
Investments 4 300 300
1,010 1,016
Current assets
Stocks 500 500
Debtors 5 48 -
548 500
Creditors: amounts falling due within one year 6 (20,587) (23,595)
Net current liabilities (20,039) (23,095)
Net liabilities (19,029) (22,079)
Capital and reserves
Called up share capital 600 600
Profit and loss account (19,629) (22,679)
Shareholders' funds (19,029) (22,079)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
S Green
Director
Approved by the board on 25 September 2024
Web Direct (UK) Ltd
Notes to the Accounts
for the year ended 31 December 2023
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).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Equipment 15% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 9,498
Additions 120
At 31 December 2023 9,618
Depreciation
At 1 January 2023 8,782
Charge for the year 126
At 31 December 2023 8,908
Net book value
At 31 December 2023 710
At 31 December 2022 716
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2023 300
At 31 December 2023 300
5 Debtors 2023 2022
£ £
Other debtors 48 -
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 7,364 8,727
Trade creditors 5,214 5,170
Taxation and social security costs 9 1,144
Other creditors 8,000 8,554
20,587 23,595
7 Related party transactions
S Green - Director and shareholder
This loan is interest free and has no fixed repayment date.
Amount due to the related party is £2,457 (2022 £1,943) included in Other creditors

P Carter - Director and shareholder
This loan is interest free and has no fixed repayment date.
Amount due to the related party is £5,964 (2022 £6,084) included in Other creditors

Carter & Green Ltd
Goods and services were acquired from a company under common control. At the year and £4,000 is owed to Carter & Green Ltd, included in Trade creditors, interest free with no fixed payment date.
8 Other information
Web Direct (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
6 Lodge Hill
Kingswood
Bristol
BS15 1LL
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