Registered number
07165063
The Web Tailor Group Limited
Filleted Accounts
27 February 2024
The Web Tailor Group Limited
Registered number: 07165063
Balance Sheet
as at 27 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 83,985 97,851
Investments 4 50 50
84,035 97,901
Current assets
Debtors 5 38,235 93,108
Cash at bank and in hand 60,721 107,338
98,956 200,446
Creditors: amounts falling due within one year 6 (103,090) (47,873)
Net current (liabilities)/assets (4,134) 152,573
Net assets 79,901 250,474
Capital and reserves
Called up share capital 100 100
Profit and loss account 79,801 250,374
Shareholders' funds 79,901 250,474
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sean Francis
Director
Approved by the board on 3 February 2025
The Web Tailor Group Limited
Notes to the Accounts
for the period from 1 March 2023 to 27 February 2024
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 33% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 3
3 Tangible fixed assets
Leasehold improvements Plant and machinery etc Total
£ £ £
Cost
At 1 March 2023 82,240 57,405 139,645
Additions - 5,310 5,310
At 27 February 2024 82,240 62,715 144,955
Depreciation
At 1 March 2023 12,537 29,257 41,794
Charge for the period 8,224 10,952 19,176
At 27 February 2024 20,761 40,209 60,970
Net book value
At 27 February 2024 61,479 22,506 83,985
At 28 February 2023 69,703 28,148 97,851
4 Investments
Other
investments
£
Cost
At 1 March 2023 50
At 27 February 2024 50
5 Debtors 2024 2023
£ £
Trade debtors 13,626 8,538
Other debtors 24,609 84,570
38,235 93,108
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 25,000 -
Taxation and social security costs 20,709 922
Other creditors 57,381 46,951
103,090 47,873
7 Other information
The Web Tailor Group Limited is a private company limited by shares and incorporated in England. Its registered office is:
34 Devon Square
Newton Abbot
Devon
TQ12 2HH
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