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COMPANY REGISTRATION NUMBER: 15062794
Web Design SEO Limited
Unaudited Financial Statements
31 August 2024
Web Design SEO Limited
Financial Statements
Period from 10 August 2023 to 31 August 2024
Contents
Page
Director's report
1
Statement of comprehensive income
2
Statement of financial position
3
Statement of changes in equity
4
Notes to the financial statements
5
Web Design SEO Limited
Director's Report
Period from 10 August 2023 to 31 August 2024
The director presents his report and the unaudited financial statements of the company for the period ended 31 August 2024 .
Director
The director who served the company during the period was as follows:
Mr W Grisedale
(Appointed 10 August 2023)
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 2 May 2025 and signed on behalf of the board by:
Mr W Grisedale
Director
Registered office:
71-75 Shelton Street
Covent Garden
London
England
WC2H 9JQ
Web Design SEO Limited
Statement of Comprehensive Income
Period from 10 August 2023 to 31 August 2024
Period from
10 Aug 23 to
31 Aug 24
Note
£
Turnover
20,804
Cost of sales
10,360
--------
Gross profit
10,444
Administrative expenses
4,291
--------
Operating profit
6,153
--------
Profit before taxation
4
6,153
Tax on profit
1,119
-------
Profit for the financial period and total comprehensive income
5,034
-------
All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the period as set out above.
Web Design SEO Limited
Statement of Financial Position
31 August 2024
31 Aug 24
Note
£
Fixed assets
Tangible assets
5
419
Current assets
Debtors
6
1,474
Cash at bank and in hand
800
-------
2,274
Creditors: amounts falling due within one year
7
2,559
-------
Net current liabilities
285
----
Total assets less current liabilities
134
----
Net assets
134
----
Capital and reserves
Called up share capital
100
Profit and loss account
34
----
Shareholder funds
134
----
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 2 May 2025 , and are signed on behalf of the board by:
Mr W Grisedale
Director
Company registration number: 15062794
Web Design SEO Limited
Statement of Changes in Equity
Period from 10 August 2023 to 31 August 2024
Called up share capital
Profit and loss account
Total
£
£
£
At 10 August 2023
Profit for the period
5,034
5,034
----
-------
-------
Total comprehensive income for the period
5,034
5,034
Issue of shares
100
100
Dividends paid and payable
( 5,000)
( 5,000)
----
-------
-------
Total investments by and distributions to owners
100
( 5,000)
( 4,900)
----
-------
-------
At 31 August 2024
100
34
134
----
-------
-------
Web Design SEO Limited
Notes to the Financial Statements
Period from 10 August 2023 to 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors loans. Directors loans (being repayable upon demand), trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of Income and Retained Earnings.
4. Profit before taxation
Profit before taxation is stated after charging:
Period from
10 Aug 23 to
31 Aug 24
£
Depreciation of tangible assets
140
----
5. Tangible assets
Equipment
£
Cost
At 10 August 2023
Additions
559
----
At 31 August 2024
559
----
Depreciation
At 10 August 2023
Charge for the period
140
----
At 31 August 2024
140
----
Carrying amount
At 31 August 2024
419
----
6. Debtors
31 Aug 24
£
Other debtors
1,474
-------
7. Creditors: amounts falling due within one year
31 Aug 24
£
Social security and other taxes
1,119
Other creditors
1,440
-------
2,559
-------
8. Director's advances, credits and guarantees
The director operates a current account with the company. As follows:
2024
£
Movement (1,474)
-------
No interest has been charged to the company in respect of this loan which is repayable on demand and classified in debtors due within one year.