1 February 2023 false No description of principal activity Taxfiler 2024.5 08383203business:PrivateLimitedCompanyLtd2023-02-012024-01-31 083832032023-01-31 083832032023-02-012024-01-31 08383203business:AuditExemptWithAccountantsReport2023-02-012024-01-31 08383203business:FilletedAccounts2023-02-012024-01-31 083832032024-01-31 08383203business:Director12023-02-012024-01-31 08383203business:Director22023-02-012024-01-31 08383203business:RegisteredOffice2023-02-012024-01-31 083832032023-01-31 08383203core:WithinOneYear2024-01-31 08383203core:WithinOneYear2023-01-31 08383203core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 08383203core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 08383203core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 08383203core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 08383203core:PreviouslyStatedAmount2024-01-31 08383203core:PreviouslyStatedAmount2023-01-31 08383203business:SmallEntities2023-02-012024-01-31 08383203countries:EnglandWales2023-02-012024-01-31 08383203core:ComputerEquipment2023-02-012024-01-31 08383203core:ComputerEquipment2023-01-31 08383203core:ComputerEquipment2024-01-31 083832032022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 08383203 (England and Wales)
Word3 Ltd Unaudited accounts for the year ended 31 January 2024
Word3 Ltd Unaudited accounts Contents
Page
- 2 -
Word3 Ltd Company Information for the year ended 31 January 2024
Directors
Rhian Lewis Rhian Lewis
Company Number
08383203 (England and Wales)
Registered Office
Rosemary Lower Eirth Road Torquay Devon TQ1 2PX United Kingdom
Accountants
Collective Concepts Accounting Ltd
- 3 -
Word3 Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
109 
164 
Current assets
Debtors
1,305 
3,423 
Cash at bank and in hand
6,529 
5,856 
7,834 
9,279 
Creditors: amounts falling due within one year
(2,708)
(3,149)
Net current assets
5,126 
6,130 
Net assets
5,235 
6,294 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
5,234 
6,293 
Shareholders' funds
5,235 
6,294 
For the year ending 31 January 2024 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 7 October 2024 and were signed on its behalf by
Rhian Lewis Director Company Registration No. 08383203
- 4 -
Word3 Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Word3 Ltd is a private company, limited by shares, registered in England and Wales, registration number 08383203. The registered office is Rosemary, Lower Eirth Road , Torquay, Devon, TQ1 2PX, United Kingdom.
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.
3
Accounting policies
These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Reducing balance
- 5 -
Word3 Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2023
2,189 
At 31 January 2024
2,189 
Depreciation
At 1 February 2023
2,025 
Charge for the year
55 
At 31 January 2024
2,080 
Net book value
At 31 January 2024
109 
At 31 January 2023
164 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,305 
800 
Other debtors
- 
2,623 
1,305 
3,423 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,876 
3,112 
Loans from directors
442 
22 
Accruals
390 
15 
2,708 
3,149 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -