1 1 Webster Adventures Limited SC483855 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is recreational balloon flying. Digita Accounts Production Advanced 6.30.9574.0 true SC483855 2023-09-01 2024-08-31 SC483855 2024-08-31 SC483855 bus:OrdinaryShareClass1 2024-08-31 SC483855 core:CurrentFinancialInstruments 2024-08-31 SC483855 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 SC483855 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 SC483855 core:FurnitureFittingsToolsEquipment 2024-08-31 SC483855 core:MotorVehicles 2024-08-31 SC483855 bus:SmallEntities 2023-09-01 2024-08-31 SC483855 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 SC483855 bus:FilletedAccounts 2023-09-01 2024-08-31 SC483855 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC483855 bus:RegisteredOffice 2023-09-01 2024-08-31 SC483855 bus:CompanySecretary1 2023-09-01 2024-08-31 SC483855 bus:Director1 2023-09-01 2024-08-31 SC483855 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 SC483855 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC483855 bus:Agent1 2023-09-01 2024-08-31 SC483855 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 SC483855 core:MotorVehicles 2023-09-01 2024-08-31 SC483855 core:OfficeEquipment 2023-09-01 2024-08-31 SC483855 countries:Scotland 2023-09-01 2024-08-31 SC483855 2023-08-31 SC483855 core:FurnitureFittingsToolsEquipment 2023-08-31 SC483855 core:MotorVehicles 2023-08-31 SC483855 2022-09-01 2023-08-31 SC483855 2023-08-31 SC483855 bus:OrdinaryShareClass1 2023-08-31 SC483855 core:CurrentFinancialInstruments 2023-08-31 SC483855 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 SC483855 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 SC483855 core:FurnitureFittingsToolsEquipment 2023-08-31 SC483855 core:MotorVehicles 2023-08-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: SC483855

Webster Adventures Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Webster Adventures Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Webster Adventures Limited

Company Information

Director

Mr D Webster

Company secretary

Ms M Friel

Registered office

23 Sunnypark
Kinross
KY13 8BX

Accountants

Ross McConnell
Chartered Accountant3 High Street
Kinross
KY13 8AW

 

Webster Adventures Limited

(Registration number: SC483855)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible Assets

4

21,731

8,885

Current assets

 

Debtors

5

30,746

40,000

Cash at bank and in hand

 

4,534

5

 

35,280

40,005

Creditors: Amounts falling due within one year

6

(27,721)

(26,754)

Net current assets

 

7,559

13,251

Total assets less current liabilities

 

29,290

22,136

Creditors: Amounts falling due after more than one year

6

(1,874)

(2,626)

Net assets

 

27,416

19,510

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

27,316

19,410

Shareholders' funds

 

27,416

19,510

For the financial year 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 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 director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 May 2025
 

.........................................
Mr D Webster
Director

 

Webster Adventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

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

The address of its registered office is:
23 Sunnypark
Kinross
KY13 8BX

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

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 current 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.

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

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.

 

Webster Adventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

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

Equipment

20% reducing balance

Motor Vehicles

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Webster Adventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible Assets

Equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

26,937

16,651

43,588

Additions

-

18,278

18,278

At 31 August 2024

26,937

34,929

61,866

Depreciation

At 1 September 2023

21,544

13,159

34,703

Charge for the year

1,078

4,354

5,432

At 31 August 2024

22,622

17,513

40,135

Carrying amount

At 31 August 2024

4,315

17,416

21,731

At 31 August 2023

5,393

3,492

8,885

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

30,746

40,000

   

30,746

40,000

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

66

5,071

Trade creditors

 

3,714

3,557

Group creditors

4,190

3,631

Taxation and social security

 

12,288

11,053

Accruals and deferred income

 

1,816

1,300

Other creditors

 

5,647

2,142

 

27,721

26,754

 

Webster Adventures Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

1,874

2,626

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100