2023-08-01 NI047355 2024-07-31 NI047355 2023-08-01 2024-07-31 NI047355 2023-07-31 NI047355 2022-08-01 2023-07-31 NI047355 uk-core:WithinOneYear 2023-07-31 NI047355 uk-core:WithinOneYear 2024-07-31 NI047355 uk-core:AfterOneYear 2023-07-31 NI047355 uk-core:AfterOneYear 2024-07-31 NI047355 uk-core:ShareCapital 2024-07-31 NI047355 uk-core:ShareCapital 2023-07-31 NI047355 uk-core:RetainedEarningsAccumulatedLosses 2024-07-31 NI047355 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 NI047355 uk-bus:Director1 2023-08-01 2024-07-31 NI047355 uk-bus:Director2 2023-08-01 2024-07-31 NI047355 uk-core:ComputerEquipment 2023-08-01 2024-07-31 NI047355 uk-core:FurnitureFittings 2023-08-01 2024-07-31 NI047355 uk-core:ComputerEquipment 2023-07-31 NI047355 uk-core:FurnitureFittings 2023-07-31 NI047355 uk-core:FurnitureFittings 2024-07-31 NI047355 uk-core:ComputerEquipment 2024-07-31 NI047355 uk-core:WithinOneYear 2024-07-31 NI047355 uk-core:WithinOneYear 2023-07-31 NI047355 uk-core:AfterOneYear uk-core:Secured 2024-07-31 NI047355 uk-core:AfterOneYear uk-core:Secured 2023-07-31 iso4217:GBP xbrli:pure NI047355 uk-bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 NI047355 uk-bus:FRS102 2023-08-01 2024-07-31 NI047355 uk-bus:FilletedAccounts 2023-08-01 2024-07-31 NI047355 uk-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31
Web (NI) Limited
Registered Number:NI047355
For the year ended 31 July 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 July 2024
Web (NI) Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
NI047355
As at 31 July 2024
Web (NI) Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,844
2,079
2
1,844
2,079
Current assets
Inventories
31,770
39,511
3
Trade and other receivables
-
7,389
4
145,167
Cash and cash equivalents
101,244
148,144
176,937
Trade and other payables: amounts falling due within one
year
(35,838)
(40,519)
5
141,099
107,625
Net current assets
Total assets less current liabilities
109,469
143,178
Trade and other payables: amounts falling due after more
than one year
(19,157)
(9,168)
6
100,301
Net assets
124,021
Capital and reserves
Called up share capital
2
2
Retained earnings
100,299
124,019
100,301
124,021
Shareholders' funds
For the year ended 31 July 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Brendan Lillis Director
Mark Lillis Director
These financial statements were approved and authorised for issue by the Board on 15 April 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 July 2024
Web (NI) Limited
Notes to the Financial Statements
Statutory Information
Web (NI) Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration number
NI047355.
Registered address:
58 Howard Street
Belfast
BT1 6PJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
10% Reducing balance
Computer Equipment
15% Reducing balance
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result.
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5
For the year ended 31 July 2024
Web (NI) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
£
£
£
Cost or
valuation
At 01 August 2023
6,585
5,110
1,475
At 31 July 2024
1,475
5,110
6,585
Provision for depreciation and impairment
At 01 August 2023
4,506
3,587
919
Charge for year
235
152
83
At 31 July 2024
4,741
3,739
1,002
At 31 July 2024
Net book value
473
1,371
1,844
At 31 July 2023
556
1,523
2,079
3. Inventories
2023
2024
£
£
Stocks
39,511
31,770
4. Trade and other receivables
2023
2024
£
£
Trade debtors
6,940
-
Other debtors
449
-
-
7,389
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
13,611
12,224
Other creditors
26,908
23,614
40,519
35,838
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6
For the year ended 31 July 2024
Web (NI) Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
9,168
19,157
7. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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