QWEB Limited 11693058 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is website development Digita Accounts Production Advanced 6.30.9574.0 true true 11693058 2023-12-01 2024-11-30 11693058 2024-11-30 11693058 core:CurrentFinancialInstruments 2024-11-30 11693058 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 11693058 core:FurnitureFittingsToolsEquipment 2024-11-30 11693058 bus:SmallEntities 2023-12-01 2024-11-30 11693058 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 11693058 bus:FullAccounts 2023-12-01 2024-11-30 11693058 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 11693058 bus:RegisteredOffice 2023-12-01 2024-11-30 11693058 bus:Director2 2023-12-01 2024-11-30 11693058 bus:Director3 2023-12-01 2024-11-30 11693058 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 11693058 core:ComputerEquipment 2023-12-01 2024-11-30 11693058 core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 11693058 countries:UnitedKingdom 2023-12-01 2024-11-30 11693058 2023-11-30 11693058 core:FurnitureFittingsToolsEquipment 2023-11-30 11693058 2022-12-01 2023-11-30 11693058 2023-11-30 11693058 core:CurrentFinancialInstruments 2023-11-30 11693058 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 11693058 core:FurnitureFittingsToolsEquipment 2023-11-30 iso4217:GBP xbrli:pure

Registration number: 11693058

QWEB Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

QWEB Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

QWEB Limited

(Registration number: 11693058)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

194

1,211

Current assets

 

Debtors

6

4,754

2,518

Cash at bank and in hand

 

1,369

2,201

 

6,123

4,719

Creditors: Amounts falling due within one year

7

(10,899)

(7,014)

Net current liabilities

 

(4,776)

(2,295)

Total assets less current liabilities

 

(4,582)

(1,084)

Provisions for liabilities

(37)

(230)

Net liabilities

 

(4,619)

(1,314)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(4,621)

(1,316)

Shareholders' deficit

 

(4,619)

(1,314)

For the financial year ending 30 November 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 accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 17 March 2025 and signed on its behalf by:
 

Mr R Grant
Director

Ms K Harris
Director

 
     
 

QWEB Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the Board on 17 March 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

QWEB Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer Equipment

Staright Line 33.33%

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

1,017

2,154

 

QWEB Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2023

6,895

6,895

At 30 November 2024

6,895

6,895

Depreciation

At 1 December 2023

5,684

5,684

Charge for the year

1,017

1,017

At 30 November 2024

6,701

6,701

Carrying amount

At 30 November 2024

194

194

At 30 November 2023

1,211

1,211

 

QWEB Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

6

debtors

Current

2024
£

2023
£

Trade debtors

4,547

2,305

Prepayments

207

213

 

4,754

2,518

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

10,419

5,287

Trade creditors

 

182

231

Taxation and social security

 

272

896

Accruals and deferred income

 

26

600

 

10,899

7,014

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

10,419

5,287