Get on the Web Limited 03645124 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is that of the sale of domain names. Digita Accounts Production Advanced 6.30.9574.0 true 03645124 2023-08-01 2024-07-31 03645124 2024-07-31 03645124 core:CurrentFinancialInstruments 2024-07-31 03645124 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 03645124 core:FurnitureFittingsToolsEquipment 2024-07-31 03645124 bus:SmallEntities 2023-08-01 2024-07-31 03645124 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 03645124 bus:FilletedAccounts 2023-08-01 2024-07-31 03645124 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03645124 bus:RegisteredOffice 2023-08-01 2024-07-31 03645124 bus:CompanySecretaryDirector2 2023-08-01 2024-07-31 03645124 bus:Director1 2023-08-01 2024-07-31 03645124 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03645124 core:FurnitureFittings 2023-08-01 2024-07-31 03645124 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 03645124 core:OtherRelatedParties 2023-08-01 2024-07-31 03645124 core:OtherRelatedParties core:RenderingOrReceivingServices 2023-08-01 2024-07-31 03645124 countries:EnglandWales 2023-08-01 2024-07-31 03645124 2023-07-31 03645124 core:FurnitureFittingsToolsEquipment 2023-07-31 03645124 2022-08-01 2023-07-31 03645124 2023-07-31 03645124 core:CurrentFinancialInstruments 2023-07-31 03645124 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 03645124 core:FurnitureFittingsToolsEquipment 2023-07-31 03645124 core:OtherRelatedParties core:RenderingOrReceivingServices 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 03645124

Get on the Web Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Get on the Web Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

Get on the Web Limited

Company Information

Directors

Mr K A Sorrie

Mr P Westley Smith

Company secretary

Mr P Westley Smith

Registered office

Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

Accountants

Sterling Grove Accountants Limited
Chartered Certified Accountants
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

 

Get on the Web Limited

(Registration number: 03645124)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

12,013

12,573

Current assets

 

Debtors

5

11,555

34,621

Cash at bank and in hand

 

363,301

350,231

 

374,856

384,852

Creditors: Amounts falling due within one year

6

(191,590)

(58,317)

Net current assets

 

183,266

326,535

Total assets less current liabilities

 

195,279

339,108

Provisions for liabilities

(4,016)

(3,144)

Net assets

 

191,263

335,964

Capital and reserves

 

Called up share capital

20

20

Retained earnings

191,243

335,944

Shareholders' funds

 

191,263

335,964

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 October 2024 and signed on its behalf by:
 

Mr K A Sorrie
Director

Mr P Westley Smith
Company secretary and director

 

Get on the Web Limited

Notes to the Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD
England

These financial statements were authorised for issue by the Board on 11 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

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

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

 

Get on the Web Limited

Notes to the Financial Statements for the Year Ended 31 July 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Get on the Web Limited

Notes to the Financial Statements for the Year Ended 31 July 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2023

19,437

19,437

Additions

9,748

9,748

Disposals

(11,170)

(11,170)

At 31 July 2024

18,015

18,015

Depreciation

At 1 August 2023

6,864

6,864

Charge for the year

3,830

3,830

Eliminated on disposal

(4,692)

(4,692)

At 31 July 2024

6,002

6,002

Carrying amount

At 31 July 2024

12,013

12,013

At 31 July 2023

12,573

12,573

5

Debtors

2024
£

2023
£

Trade debtors

-

23,578

Prepayments

10,776

10,450

Other debtors

779

593

11,555

34,621

 

Get on the Web Limited

Notes to the Financial Statements for the Year Ended 31 July 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

58,620

43,000

Accruals and deferred income

4,350

5,101

Other creditors

128,620

10,216

191,590

58,317

7

Related party transactions

Summary of transactions with other related parties

Directors
 

Income and receivables from related parties

2024

Other related parties
£

Receipt of services

483,720

2023

Other related parties
£

Receipt of services

309,688