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Company Registration No. 05349108 (England and Wales)
B:web Ltd Unaudited accounts for the period from 1 April 2023 to 31 August 2024
B:web Ltd Unaudited accounts Contents
Page
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B:web Ltd Company Information for the period from 1 April 2023 to 31 August 2024
Director
Z Ashby
Company Number
05349108 (England and Wales)
Registered Office
35 Westbourne Road Plymouth PL3 4LH England
Accountants
PBS Accounting Limited 11 Longmeadow Close Plympton Plymouth Devon PL7 4JG
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B:web Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
948 
4,165 
Current assets
Debtors
5,482 
24,903 
Cash at bank and in hand
63 
749 
5,545 
25,652 
Creditors: amounts falling due within one year
(77,545)
(39,514)
Net current liabilities
(72,000)
(13,862)
Total assets less current liabilities
(71,052)
(9,697)
Creditors: amounts falling due after more than one year
(35,128)
(32,203)
Provisions for liabilities
Deferred tax
(237)
(1,041)
Net liabilities
(106,417)
(42,941)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(107,417)
(43,941)
Shareholders' funds
(106,417)
(42,941)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 June 2025 and were signed on its behalf by
Z Ashby Director Company Registration No. 05349108
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B:web Ltd Notes to the Accounts for the period from 1 April 2023 to 31 August 2024
1
Statutory information
B:web Ltd is a private company, limited by shares, registered in England and Wales, registration number 05349108. The registered office is 35 Westbourne Road, Plymouth, PL3 4LH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Computer equipment
33% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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B:web Ltd Notes to the Accounts for the period from 1 April 2023 to 31 August 2024
Going concern
The company has negative current liabilities. The company is therefore reliant upon the continued financial support of its directors in order to continue operations. The directors have indicated their willingness to provide financial support to ensure that the company has sufficient resources to meet third parties debts as they fall due. Accordingly the accounts have been prepared on a going concern basis. If the support of the directors were withdrawn, then the going concern basis may not be acceptable. Adjustments may then have to be made to adjust the value of the assets to their recoverable amounts, to provide for any further liabilities that might arise, and to reclassify fixed assets and long term loans as current assets and current liabilities.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
18,530 
At 31 August 2024
18,530 
Amortisation
At 1 April 2023
18,530 
At 31 August 2024
18,530 
Net book value
At 31 August 2024
- 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
7,309 
14,186 
21,495 
Additions
192 
416 
608 
Disposals
(5,464)
(8,202)
(13,666)
At 31 August 2024
2,037 
6,400 
8,437 
Depreciation
At 1 April 2023
4,509 
12,821 
17,330 
Charge for the period
512 
1,825 
2,337 
On disposals
(3,661)
(8,517)
(12,178)
At 31 August 2024
1,360 
6,129 
7,489 
Net book value
At 31 August 2024
677 
271 
948 
At 31 March 2023
2,800 
1,365 
4,165 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,482 
24,253 
Other debtors
- 
650 
5,482 
24,903 
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B:web Ltd Notes to the Accounts for the period from 1 April 2023 to 31 August 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
19,445 
19,407 
VAT
15,230 
11,878 
Trade creditors
58 
51 
Taxes and social security
4,484 
5,211 
Other creditors
6,325 
584 
Loans from directors
27,289 
(2,334)
Accruals
4,714 
4,717 
77,545 
39,514 
Contained within the figures above is a bounce back loan. These are backed by a government guarantee.
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
35,128 
32,203 
Contained within the figures above is a bounce back loan. These are backed by a government guarantee.
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Directors
2,334 
6,010 
35,633 
(27,289)
2,334 
6,010 
35,633 
(27,289)
10
Average number of employees
During the period the average number of employees was 6 (2023: 7).
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