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Registered Number: 14644356
England and Wales

 

 

 

WHG HOSTING SERVICES LTD


Abridged Accounts
 


Period of accounts

Start date: 06 February 2023

End date: 31 December 2023
 
 
Notes
 
2023
£
Fixed assets    
Intangible fixed assets 3 87,668 
Tangible fixed assets 4 1,071,022 
Investments 5 229 
1,158,919 
Current assets    
Debtors 729,247 
Cash at bank and in hand 20,211 
749,458 
Creditors: amount falling due within one year (583,773)
Net current assets 165,685 
 
Total assets less current liabilities 1,324,604 
Creditors: amount falling due after more than one year (2,378,281)
Provisions for liabilities (185,020)
Net assets (1,238,697)
 

Capital and reserves
   
Called up share capital 6 100 
Profit and loss account (1,238,797)
Shareholders' funds (1,238,697)
 


For the period ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 24 December 2024 and were signed on its behalf by:


-------------------------------
Sebastian De Lemos
Director
1
General Information
WHG HOSTING SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 14644356, registration address Purlieus Barn, Ewen, Cirencester, England, GL7 6BY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Amortisation has been applied exclusively to software, which has a finite useful life and is amortised over a 5-year period.

No amortisation has been applied to intangible assets (Intellectual Property) as the company has adopted IAS 36 for the treatment of intangible assets, under which these assets with indefinite useful lives are no longer amortised but are instead subject to an annual impairment review. Although this policy does not align with FRS 102, it has been implemented to ensure consistency with the accounting practices of the parent company.
Software License
Software License is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the Software License of years.
Tangible fixed assets
Tangible fixed assets, excluding freehold land, are recorded at cost or valuation, reduced by depreciation and any impairment provisions. Fixed assets with a cost below €2,000 are fully expensed in the Profit and Loss account during the year of purchase. For Assets exceeding €2,000 depreciation is applied at rates designed to allocate the cost or valuation of the assets, less their estimated residual value, over their expected useful lives using the following basis:
Plant and Machinery 25% Reducing Balance
Fixtures and Fittings 10% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the period was 6.
3.

Intangible fixed assets

Cost Intellectual Property   Software   Total
  £   £   £
At 06 February 2023    
Additions 78,772    11,120    89,892 
Disposals    
At 31 December 2023 78,772    11,120    89,892 
Amortisation
At 06 February 2023    
Charge for period   2,224    2,224 
On disposals    
At 31 December 2023   2,224    2,224 
Net book values
At 31 December 2023 78,772    8,896    87,668 
At 05 February 2023    


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 06 February 2023    
Additions 1,278,339    17,120    1,295,459 
Disposals    
At 31 December 2023 1,278,339    17,120    1,295,459 
Depreciation
At 06 February 2023    
Charge for period 213,428    11,009    224,437 
On disposals    
At 31 December 2023 213,428    11,009    224,437 
Net book values
Closing balance as at 31 December 2023 1,064,911    6,111    1,071,022 
Opening balance as at 06 February 2023    


5.

Investments

Cost Investments in group undertakings   Total
  £   £
At 06 February 2023  
Additions 229    229 
Transfer to/from tangible fixed assets  
Disposals  
At 31 December 2023 229    229 

6.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2023
£
100 Class A shares of £1.00 each 100 
100 

2