IRIS Accounts Production v24.3.2.46 08475524 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084755242023-03-31084755242024-03-31084755242023-04-012024-03-31084755242022-03-31084755242022-04-012023-03-31084755242023-03-3108475524ns15:EnglandWales2023-04-012024-03-3108475524ns14:PoundSterling2023-04-012024-03-3108475524ns10:Director12023-04-012024-03-3108475524ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108475524ns10:SmallEntities2023-04-012024-03-3108475524ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108475524ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108475524ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108475524ns10:FullAccounts2023-04-012024-03-3108475524ns10:Director32023-04-012024-03-3108475524ns10:RegisteredOffice2023-04-012024-03-3108475524ns5:CurrentFinancialInstruments2024-03-3108475524ns5:CurrentFinancialInstruments2023-03-3108475524ns5:Non-currentFinancialInstruments2024-03-3108475524ns5:Non-currentFinancialInstruments2023-03-3108475524ns5:ShareCapital2024-03-3108475524ns5:ShareCapital2023-03-3108475524ns5:RetainedEarningsAccumulatedLosses2024-03-3108475524ns5:RetainedEarningsAccumulatedLosses2023-03-3108475524ns5:PlantMachinery2023-04-012024-03-3108475524ns5:PlantMachinery2023-03-3108475524ns5:PlantMachinery2024-03-3108475524ns5:PlantMachinery2023-03-3108475524ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3108475524ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3108475524ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-3108475524ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-3108475524ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3108475524ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 08475524 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2024

for

WEBS Services Ltd

WEBS Services Ltd (Registered number: 08475524)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEBS Services Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs S Wainwright
Mrs R H Bunting





REGISTERED OFFICE: The Barn
Moor Lane South
Ravenfield
Rotherham
S65 4QG





REGISTERED NUMBER: 08475524 (England and Wales)

WEBS Services Ltd (Registered number: 08475524)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,726 64,969

CURRENT ASSETS
Stocks 35,000 40,000
Debtors 5 95,282 113,834
Cash at bank 57,611 62,622
187,893 216,456
CREDITORS
Amounts falling due within one year 6 132,961 133,933
NET CURRENT ASSETS 54,932 82,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,658

147,492

CREDITORS
Amounts falling due after more than one
year

7

(69,112

)

(116,807

)

PROVISIONS FOR LIABILITIES (12,182 ) (12,344 )
NET ASSETS 22,364 18,341

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 22,362 18,339
SHAREHOLDERS' FUNDS 22,364 18,341

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

WEBS Services Ltd (Registered number: 08475524)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





Mrs S Wainwright - Director


WEBS Services Ltd (Registered number: 08475524)

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

1. STATUTORY INFORMATION

WEBS Services Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

WEBS Services Ltd (Registered number: 08475524)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company makes employer contributions to employee pension schemes in accordance with auto enrolment legislation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 102,125
DEPRECIATION
At 1 April 2023 37,156
Charge for year 16,243
At 31 March 2024 53,399
NET BOOK VALUE
At 31 March 2024 48,726
At 31 March 2023 64,969

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 32,490
DEPRECIATION
At 1 April 2023 1,015
Charge for year 7,869
At 31 March 2024 8,884
NET BOOK VALUE
At 31 March 2024 23,606
At 31 March 2023 31,475

WEBS Services Ltd (Registered number: 08475524)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 70,242 81,993
Other debtors 25,040 31,841
95,282 113,834

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 6,000 6,000
Trade creditors 48,241 51,444
Taxation and social security 33,276 31,465
Other creditors 35,444 35,024
132,961 133,933

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,333 23,333
Hire purchase contracts 5,500 11,500
Other creditors 50,279 81,974
69,112 116,807

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 11,500 17,500

9. RELATED PARTY DISCLOSURES

Mr N and Mrs S Wainwright (Directors)

Loaned monies tot he company on an interest free basis.

The balance at 31st March 2024: £80,279, (2023: £111,973).

This is reflected in other creditors.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr N and Mrs S Wainwright, each owning 50% of the share capital.