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REGISTERED NUMBER: 07965764 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

I-Web Solutions Ltd

I-Web Solutions Ltd (Registered number: 07965764)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


I-Web Solutions Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: B C Cox





REGISTERED OFFICE: 76 Oakfield Road
Blackwater
Surrey
GU17 9DZ





REGISTERED NUMBER: 07965764 (England and Wales)





ACCOUNTANTS: Turner & Co
Chartered Accountants
10a White Hart Parade
London Road
Blackwater
Camberley
Surrey
GU17 9AD

I-Web Solutions Ltd (Registered number: 07965764)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,605 1,812
1,605 1,812

CURRENT ASSETS
Debtors 6 14,237 14,751
Cash at bank and in hand 170 179
14,407 14,930
CREDITORS
Amounts falling due within one year 7 20,495 22,731
NET CURRENT LIABILITIES (6,088 ) (7,801 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,483

)

(5,989

)

CREDITORS
Amounts falling due after more than
one year

8

(2,500

)

(4,500

)

PROVISIONS FOR LIABILITIES (580 ) (580 )
NET LIABILITIES (7,563 ) (11,069 )

I-Web Solutions Ltd (Registered number: 07965764)

Balance Sheet - continued
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (7,663 ) (11,169 )
SHAREHOLDERS' FUNDS (7,563 ) (11,069 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 25 February 2025 and were signed by:





B C Cox - Director


I-Web Solutions Ltd (Registered number: 07965764)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

I-Web Solutions 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.

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.

Franchise fee are being amortised evenly over their estimated useful life of nil years.

Franchise fees
Franchise fees are amortised in equal instalments over five years, being the period of the franchise licence.

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 etc - 25% on reducing balance

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.


I-Web Solutions Ltd (Registered number: 07965764)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 12,000
AMORTISATION
At 1 March 2023
and 29 February 2024 12,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

I-Web Solutions Ltd (Registered number: 07965764)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 9,546
Additions 328
At 29 February 2024 9,874
DEPRECIATION
At 1 March 2023 7,734
Charge for year 535
At 29 February 2024 8,269
NET BOOK VALUE
At 29 February 2024 1,605
At 28 February 2023 1,812

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
29.2.24 28.2.23
£    £   
Trade debtors 10,682 10,243
Other debtors 3,555 4,508
14,237 14,751

I-Web Solutions Ltd (Registered number: 07965764)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 2,129 3,641
Trade creditors 5,116 5,466
Taxation and social security 3,353 2,975
Other creditors 9,897 10,649
20,495 22,731

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 2,500 4,500

9. CONTROLLING PARTY

The controlling party is B C Cox.