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Registered number: 05107863

E & G WEBSALES LTD

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
Delrose Consulting Ltd
Chartered Management Accountants
Wittas House
Two Rivers
Station Lane
Witney
OX28 4BH

E & G WEBSALES LTD

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
M S GODSELL
REGISTERED OFFICE
Units A6-A7 Broadway Road
Winchcombe
Cheltenham
GL54 5NT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05107863
ACCOUNTANTS
Delrose Consulting Ltd
Chartered Management Accountants
Wittas House
Two Rivers
Station Lane
Witney
OX28 4BH

E & G WEBSALES LTD

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

E & G WEBSALES LTD

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets42,5413,395
CURRENT ASSETS
Stock29,87227,950
Debtors612,0817,002
Cash at bank and in hand48,98932,371
90,94267,323
CREDITORS: Amounts falling due within one year755,51136,660
NET CURRENT ASSETS35,43130,663
TOTAL ASSETS LESS CURRENT LIABILITIES37,97234,058
PROVISIONS FOR LIABILITIES AND CHARGES8483645
NET ASSETS37,48933,413
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account37,38933,313
SHAREHOLDERS' FUNDS37,48933,413
For the year ending 31/12/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 15/02/2024 and signed on their behalf by
.............................
M S GODSELL
Director

E & G WEBSALES LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsstraight line 25%
Equipmentstraight line 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20232022
No.No.
Average number of employees22

E & G WEBSALES LTD

3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/01/202330,00030,000
At 31/12/202330,00030,000
Depreciation
At 01/01/202330,00030,000
At 31/12/202330,00030,000
Net Book Amounts
At 31/12/2023--
4. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/01/20235,3462,8168,162
Additions-490490
At 31/12/20235,3463,3068,652
Depreciation
At 01/01/20233,0171,7504,767
For the year7775671,344
At 31/12/20233,7942,3176,111
Net Book Amounts
At 31/12/20231,5529892,541
At 31/12/20222,3291,0663,395
5. STOCK 20232022
££
Stock comprises:
Stock29,87227,950
29,87227,950

E & G WEBSALES LTD

6. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors7,9815,914
Prepayments4,1001,088
12,0817,002
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
VAT10,5116,414
Directors current account28,80718,807
Trade creditors6,4824,434
Other creditors8,2712,476
Accruals1,4404,529
55,51136,660
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation483645
483645
9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
57 A Ordinary Shares of £1 each5757
43 B Ordinary Shares of £1 each4343
100100