Registered number
12298773
Webuyanything.com Ltd
Report and Financial Statements
30 November 2024
Webuyanything.com Ltd
Registered number: 12298773
Director's Report
The director presents his report and financial statements for the year ended 30 November 2024.
Principal activities
The company's principal activities during the period was the wholesale of a variety of goods.
Directors
The following persons served as directors during the year:
Jonathan Paul King
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 28 March 2025 and signed on its behalf.
Jonathan Paul King
Director
Webuyanything.com Ltd
Profit and Loss Account
for the year ended 30 November 2024
2024 2023
£ £
Turnover 2,785,942 -
Cost of sales (1,629,859) -
Gross profit 1,156,083 -
Administrative expenses (423,871) -
Operating profit 732,212 -
Interest receivable 38 -
Interest payable (924) -
Profit on ordinary activities before taxation 731,326 -
Tax on profit on ordinary activities (1,295) -
Profit for the financial year 730,031 -
Webuyanything.com Ltd
Registered number: 12298773
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 724,509 -
Current assets
Debtors 4 297,192 -
Cash at bank and in hand 157,482 1
454,674 1
Creditors: amounts falling due within one year 5 (117,981) -
Net current assets 336,693 1
Total assets less current liabilities 1,061,202 1
Creditors: amounts falling due after more than one year 6 (331,170) -
Net assets 730,032 1
Capital and reserves
Called up share capital 1 1
Profit and loss account 730,031 -
Shareholder's funds 730,032 1
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jonathan Paul King
Director
Approved by the board on 28 March 2025
Webuyanything.com Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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
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:
Plant and machinery 15% reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 -
3 Tangible fixed assets
Plant and machinery etc Total
£ £
Cost
At 1 December 2023 - -
Additions 852,364 852,364
At 30 November 2024 852,364 852,364
Depreciation
At 1 December 2023 - -
Charge for the year 127,855 127,855
At 30 November 2024 127,855 127,855
Net book value
At 30 November 2024 724,509 724,509
At 30 November 2023 - -
4 Debtors 2024 2023
£ £
Trade debtors 285,967 -
Other debtors 11,225 -
297,192 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 92,631 -
Corporation tax 1,295 -
Other taxes and social security costs 9,526 -
Other creditors 14,529 -
117,981 -
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 331,170 -
331,170 -
7 Other information
Webuyanything.com Ltd is a private company limited by shares and incorporated in England. Its registered office is:
210 Causeway Green Road
Oldbury
West Midlands
B68 8LS
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