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Company registration number: 08700476
Webster H R Consultancy Ltd
Unaudited filleted financial statements
30 September 2024
Webster H R Consultancy Ltd
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Webster H R Consultancy Ltd
Statement of financial position
30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 6 1,368 1,250
_______ _______
1,368 1,250
Current assets
Debtors 7 5,512 8,616
Cash at bank and in hand 4,536 11,018
_______ _______
10,048 19,634
Creditors: amounts falling due
within one year 8 ( 11,123) ( 14,736)
_______ _______
Net current (liabilities)/assets ( 1,075) 4,898
_______ _______
Total assets less current liabilities 293 6,148
Provisions for liabilities ( 260) ( 248)
_______ _______
Net assets 33 5,900
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 32 5,899
_______ _______
Shareholders funds 33 5,900
_______ _______
For the year ending 30 September 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 05 January 2025 , and are signed on behalf of the board by:
Mrs Angela Webster
Director
Company registration number: 08700476
Webster H R Consultancy Ltd
Statement of changes in equity
Year ended 30 September 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 October 2022 1 180 181
Profit for the year 50,462 50,462
_______ _______ _______
Total comprehensive income for the year - 50,462 50,462
Dividends paid and payable ( 44,743) ( 44,743)
_______ _______ _______
Total investments by and distributions to owners - ( 44,743) ( 44,743)
_______ _______ _______
At 30 September 2023 and 1 October 2023 1 5,899 5,900
Profit for the year 39,483 39,483
_______ _______ _______
Total comprehensive income for the year - 39,483 39,483
Dividends paid and payable ( 45,350) ( 45,350)
_______ _______ _______
Total investments by and distributions to owners - ( 45,350) ( 45,350)
_______ _______ _______
At 30 September 2024 1 32 33
_______ _______ _______
Webster H R Consultancy Ltd
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 14 Wren Close, Macclesfield, Cheshire, SK10 3QU.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: 1 ).
5. Tax on profit
Major components of tax expense
2024 2023
£ £
Current tax:
UK current tax expense 9,236 12,544
_______ _______
Deferred tax:
Origination and reversal of timing differences 13 ( 69)
_______ _______
Tax on profit 9,249 12,475
_______ _______
Reconciliation of tax expense
The tax assessed on the profit for the year is lower than (2023: higher than) the standard rate of corporation tax in the UK of 19.00 % (2023: 19.80%).
2024 2023
£ £
Profit before taxation 48,732 62,937
_______ _______
Profit multiplied by rate of tax 9,259 12,462
Effect of capital allowances and depreciation ( 23) 82
_______ _______
Tax on profit 9,236 12,544
_______ _______
6. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 October 2023 6,241 6,241
Additions 575 575
_______ _______
At 30 September 2024 6,816 6,816
_______ _______
Depreciation
At 1 October 2023 4,992 4,992
Charge for the year 456 456
_______ _______
At 30 September 2024 5,448 5,448
_______ _______
Carrying amount
At 30 September 2024 1,368 1,368
_______ _______
At 30 September 2023 1,249 1,249
_______ _______
7. Debtors
2024 2023
£ £
Trade debtors 5,331 8,278
Other debtors 181 338
_______ _______
5,512 8,616
_______ _______
8. Creditors: amounts falling due within one year
2024 2023
£ £
Corporation tax 9,236 12,544
Social security and other taxes 80 -
Other creditors 1,807 2,192
_______ _______
11,123 14,736
_______ _______
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024 2023
£ £
Included in provisions (note ) 260 248
_______ _______
The deferred tax account consists of the tax effect of timing differences in respect of:
2024 2023
£ £
Accelerated capital allowances 13 ( 69)
_______ _______
10. Financial instruments
The carrying amount for each category of financial instrument is as follows:
2024 2023
£ £
Financial assets that are debt instruments measured at amortised cost
Trade debtors 5,331 8,278
Cash at bank 4,436 11,016
_______ _______
9,767 19,294
_______ _______
Financial liabilities measured at amortised cost
Accruals 1,807 1,612
Other creditors (-) 580
_______ _______
1,807 2,192
_______ _______
11. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mrs Angela Webster ( 580) - 580 -
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mrs Angela Webster 2,500 ( 3,080) - ( 580)
_______ _______ _______ _______
12. Controlling party
The company is controlled by the director Mrs Angela Webster as she owns the entire issued share capital of the company.