1 April 2023 false No description of principal activity Taxfiler 2024.5 06881158business:PrivateLimitedCompanyLtd2023-04-012024-03-31 068811582023-03-31 068811582023-04-012024-03-31 06881158business:AuditExemptWithAccountantsReport2023-04-012024-03-31 06881158business:FilletedAccounts2023-04-012024-03-31 068811582024-03-31 06881158business:Director12023-04-012024-03-31 06881158business:Director22023-04-012024-03-31 06881158business:RegisteredOffice2023-04-012024-03-31 068811582023-03-31 06881158core:WithinOneYear2024-03-31 06881158core:WithinOneYear2023-03-31 06881158core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 06881158core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 06881158core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 06881158core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 06881158core:PreviouslyStatedAmount2024-03-31 06881158core:PreviouslyStatedAmount2023-03-31 06881158business:SmallEntities2023-04-012024-03-31 06881158countries:EnglandWales2023-04-012024-03-31 06881158core:ComputerEquipment2023-04-012024-03-31 06881158core:ComputerEquipment2023-03-31 06881158core:ComputerEquipment2024-03-31 068811582022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 06881158 (England and Wales)
123 Web Shops Limited Unaudited accounts for the year ended 31 March 2024
123 Web Shops Limited Unaudited accounts Contents
Page
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123 Web Shops Limited Company Information for the year ended 31 March 2024
Directors
Mr Stephen Peter Thorp Miss Yvette Todd
Company Number
06881158 (England and Wales)
Registered Office
60 SLUICE ROAD WIGGENHALL ST. GERMANS KING'S LYNN NORFOLK PE34 3EF
Accountants
Azoth Digital Accountants Jonathan Scott Hall Thorpe Road Norwich Norfolk NR1 1UH
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123 Web Shops Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14 
19 
Current assets
Inventories
6,125 
9,181 
Debtors
13,064 
11,168 
Cash at bank and in hand
4,055 
5,154 
23,244 
25,503 
Creditors: amounts falling due within one year
(79,213)
(73,394)
Net current liabilities
(55,969)
(47,891)
Net liabilities
(55,955)
(47,872)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(55,956)
(47,873)
Shareholders' funds
(55,955)
(47,872)
For the year ending 31 March 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 18 October 2024 and were signed on its behalf by
Mr Stephen Peter Thorp Director Company Registration No. 06881158
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123 Web Shops Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
123 Web Shops Limited is a private company, limited by shares, registered in England and Wales, registration number 06881158. The registered office is 60 SLUICE ROAD, WIGGENHALL ST. GERMANS, KING'S LYNN, NORFOLK, PE34 3EF.
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 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 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.
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
25% RBM
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
403 
At 31 March 2024
403 
Depreciation
At 1 April 2023
384 
Charge for the year
5 
At 31 March 2024
389 
Net book value
At 31 March 2024
14 
At 31 March 2023
19 
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123 Web Shops Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
13,064 
11,168 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
(329)
- 
Taxes and social security
- 
352 
Loans from directors
79,542 
73,042 
79,213 
73,394 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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