WEBCO SERVICES LTD

Company Registration Number:
10607383 (England and Wales)

Unaudited statutory accounts for the year ended 29 February 2024

Period of accounts

Start date: 1 March 2023

End date: 29 February 2024

WEBCO SERVICES LTD

Contents of the Financial Statements

for the Period Ended 29 February 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

WEBCO SERVICES LTD

Directors' report period ended 29 February 2024

The directors present their report with the financial statements of the company for the period ended 29 February 2024

Principal activities of the company

The company's principal activity during the period was other business support service activities not elsewhere classified.



Directors

The director shown below has held office during the whole of the period from
1 March 2023 to 29 February 2024

L M Viljoen


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 February 2025

And signed on behalf of the board by:
Name: L M Viljoen
Status: Director

WEBCO SERVICES LTD

Profit And Loss Account

for the Period Ended 29 February 2024

2024 2023


£

£
Turnover: 8,543 323
Cost of sales: ( 53 ) ( 197 )
Gross profit(or loss): 8,490 126
Administrative expenses: ( 3,360 ) ( 4,709 )
Operating profit(or loss): 5,130 (4,583)
Interest payable and similar charges: ( 266 ) ( 270 )
Profit(or loss) before tax: 4,864 (4,853)
Profit(or loss) for the financial year: 4,864 (4,853)

WEBCO SERVICES LTD

Balance sheet

As at 29 February 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 2,945 3,100
Total fixed assets: 2,945 3,100
Current assets
Cash at bank and in hand: 30 1
Total current assets: 30 1
Creditors: amounts falling due within one year: 4 ( 111 ) ( 4,126 )
Net current assets (liabilities): (81) (4,125)
Total assets less current liabilities: 2,864 ( 1,025)
Creditors: amounts falling due after more than one year: 5 ( 9,683 ) ( 10,658 )
Total net assets (liabilities): (6,819) (11,683)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (6,820 ) (11,684 )
Total Shareholders' funds: ( 6,819 ) (11,683)

The notes form part of these financial statements

WEBCO SERVICES LTD

Balance sheet statements

For the year ending 29 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 24 February 2025
and signed on behalf of the board by:

Name: L M Viljoen
Status: Director

The notes form part of these financial statements

WEBCO SERVICES LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 depreciation policy

    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:

WEBCO SERVICES LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

WEBCO SERVICES LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 March 2023 4,200 4,200
Additions
Disposals
Revaluations
Transfers
At 29 February 2024 4,200 4,200
Depreciation
At 1 March 2023 1,100 1,100
Charge for year 155 155
On disposals
Other adjustments
At 29 February 2024 1,255 1,255
Net book value
At 29 February 2024 2,945 2,945
At 28 February 2023 3,100 3,100

WEBCO SERVICES LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 111 4,126
Total 111 4,126

WEBCO SERVICES LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 9,683 10,658
Total 9,683 10,658

WEBCO SERVICES LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

6. Loans to directors

Name of director receiving advance or credit: L M Viljoen
Description of the transaction:
Related party disclosure
£
Balance at 28 February 2023 4,135
Advances or credits made: 5,216
Advances or credits repaid: 9,240
Balance at 29 February 2024 111