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REGISTERED NUMBER: 06490984 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Webexpand Limited

Webexpand Limited (Registered number: 06490984)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Webexpand Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mrs J McCord
Mr D H McCord





REGISTERED OFFICE: Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD





REGISTERED NUMBER: 06490984 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Webexpand Limited (Registered number: 06490984)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,155 1,637
Investment property 6 150,000 150,000
151,155 151,637

CURRENT ASSETS
Debtors 7 2,749 4,203
Cash at bank 10,433 7,904
13,182 12,107
CREDITORS
Amounts falling due within one year 8 8,170 10,073
NET CURRENT ASSETS 5,012 2,034
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,167

153,671

CREDITORS
Amounts falling due after more than one year 9 4,863 -
NET ASSETS 151,304 153,671

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 48,752 48,752
Retained earnings 102,452 104,819
151,304 153,671

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Webexpand Limited (Registered number: 06490984)

Balance Sheet - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





Mr D H McCord - Director


Webexpand Limited (Registered number: 06490984)

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

1. STATUTORY INFORMATION

Webexpand Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 10,000
AMORTISATION
At 1 August 2023
and 31 July 2024 10,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

Webexpand Limited (Registered number: 06490984)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 175 576 8,500 5,353 14,604
Additions - - - 498 498
Disposals - (249 ) - (587 ) (836 )
At 31 July 2024 175 327 8,500 5,264 14,266
DEPRECIATION
At 1 August 2023 104 306 8,500 4,057 12,967
Charge for year 18 33 - 617 668
Eliminated on disposal - (109 ) - (415 ) (524 )
At 31 July 2024 122 230 8,500 4,259 13,111
NET BOOK VALUE
At 31 July 2024 53 97 - 1,005 1,155
At 31 July 2023 71 270 - 1,296 1,637

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 150,000
NET BOOK VALUE
At 31 July 2024 150,000
At 31 July 2023 150,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2022 120,000
Valuation in 2023 30,000
150,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 2,349 3,394
Other debtors 400 809
2,749 4,203

Webexpand Limited (Registered number: 06490984)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 432 -
Taxation and social security 5,415 7,172
Other creditors 2,323 2,901
8,170 10,073

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Other creditors 4,863 -

10. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 48,752