Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30true2023-10-01falseSoftware development.2421falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08423020 2023-10-01 2024-09-30 08423020 2022-10-01 2023-09-30 08423020 2024-09-30 08423020 2023-09-30 08423020 c:Director1 2023-10-01 2024-09-30 08423020 d:MotorVehicles 2023-10-01 2024-09-30 08423020 d:MotorVehicles 2024-09-30 08423020 d:MotorVehicles 2023-09-30 08423020 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08423020 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 08423020 d:FurnitureFittings 2023-10-01 2024-09-30 08423020 d:FurnitureFittings 2024-09-30 08423020 d:FurnitureFittings 2023-09-30 08423020 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08423020 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 08423020 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08423020 d:LeasedAssetsHeldAsLessee 2023-10-01 2024-09-30 08423020 d:CopyrightsPatentsTrademarksServiceOperatingRights 2024-09-30 08423020 d:CopyrightsPatentsTrademarksServiceOperatingRights 2023-09-30 08423020 d:CurrentFinancialInstruments 2024-09-30 08423020 d:CurrentFinancialInstruments 2023-09-30 08423020 d:Non-currentFinancialInstruments 2024-09-30 08423020 d:Non-currentFinancialInstruments 2023-09-30 08423020 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 08423020 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08423020 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 08423020 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 08423020 d:ShareCapital 2024-09-30 08423020 d:ShareCapital 2023-09-30 08423020 d:RetainedEarningsAccumulatedLosses 2024-09-30 08423020 d:RetainedEarningsAccumulatedLosses 2023-09-30 08423020 c:FRS102 2023-10-01 2024-09-30 08423020 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08423020 c:FullAccounts 2023-10-01 2024-09-30 08423020 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08423020 2 2023-10-01 2024-09-30 08423020 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-09-30 08423020 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-09-30 08423020 d:LeasedAssetsHeldAsLessee 2024-09-30 08423020 d:LeasedAssetsHeldAsLessee 2023-09-30 08423020 d:CopyrightsPatentsTrademarksServiceOperatingRights d:OwnedIntangibleAssets 2023-10-01 2024-09-30 08423020 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 08423020









WEB SELLER PRO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
WEB SELLER PRO LIMITED
REGISTERED NUMBER: 08423020

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
540,606
844,164

Tangible assets
 5 
72,608
85,353

  
613,214
929,517

Current assets
  

Debtors: amounts falling due within one year
 6 
247,941
179,364

Cash at bank and in hand
 7 
765,268
354,623

  
1,013,209
533,987

Creditors: amounts falling due within one year
 8 
(674,334)
(660,516)

Net current assets/(liabilities)
  
 
 
338,875
 
 
(126,529)

Total assets less current liabilities
  
952,089
802,988

Creditors: amounts falling due after more than one year
 9 
(24,990)
(29,799)

  

Net assets
  
927,099
773,189


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
927,095
773,185

  
927,099
773,189


Page 1

 
WEB SELLER PRO LIMITED
REGISTERED NUMBER: 08423020
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 March 2025.




T Dorney
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
WEB SELLER PRO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Web Seller Pro Limited is a company limited by shares, incorporated in England and Wales.
The principal activity of the company is that of software development.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
WEB SELLER PRO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
WEB SELLER PRO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
WEB SELLER PRO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance.
Fixtures and fittings
-
20%
reducing balance.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 24 (2023 - 21).

Page 6

 
WEB SELLER PRO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Intangible assets




Trademarks

£



Cost


At 1 October 2023
2,836,813



At 30 September 2024

2,836,813



Amortisation


At 1 October 2023
1,992,649


Charge for the year on owned assets
303,558



At 30 September 2024

2,296,207



Net book value



At 30 September 2024
540,606



At 30 September 2023
844,164



Page 7

 
WEB SELLER PRO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 October 2023
44,990
83,688
128,678


Additions
-
7,519
7,519



At 30 September 2024

44,990
91,207
136,197



Depreciation


At 1 October 2023
11,248
32,077
43,325


Charge for the year on owned assets
-
11,828
11,828


Charge for the year on financed assets
8,436
-
8,436



At 30 September 2024

19,684
43,905
63,589



Net book value



At 30 September 2024
25,306
47,302
72,608



At 30 September 2023
33,742
51,611
85,353

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
25,306
33,742

25,306
33,742

Page 8

 
WEB SELLER PRO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
232,682
168,606

Prepayments and accrued income
15,259
10,758

247,941
179,364



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
765,268
354,623

765,268
354,623



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
114,536
88,364

Amounts owed to group undertakings
170,869
407,523

Corporation tax
210,218
37,824

Other taxation and social security
148,671
110,661

Obligations under finance lease and hire purchase contracts
4,809
4,226

Other creditors
21,727
9,758

Accruals and deferred income
3,504
2,160

674,334
660,516



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
24,990
29,799

24,990
29,799


Page 9

 
WEB SELLER PRO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £27,126 (2023: £19,878). Contributions totalling £6,553 (2023: £5,299) were payable to the fund at the balance sheet date and are included in creditors.


11.


Related party transactions

At the balance sheet date the company owed £170,869 (2023: £407,523) to companies under common control.


12.


Controlling party

The company is controlled by OAL Holdings Limited, a company incorporated in United Kingdom.

 
Page 10