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
B:web Ltd
Company Information
for the period from 1 April 2023 to 31 August 2024
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
B:web Ltd
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
63
749
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
Net liabilities
(106,417)
(42,941)
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
B:web Ltd
Notes to the Accounts
for the period from 1 April 2023 to 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (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 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.
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.
B:web Ltd
Notes to the Accounts
for the period from 1 April 2023 to 31 August 2024
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
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
Disposals
(5,464)
(8,202)
(13,666)
At 31 August 2024
2,037
6,400
8,437
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
At 31 August 2024
677
271
948
At 31 March 2023
2,800
1,365
4,165
Amounts falling due within one year
Trade debtors
5,482
24,253
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
Taxes and social security
4,484
5,211
Loans from directors
27,289
(2,334)
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
Contained within the figures above is a bounce back loan. These are backed by a government guarantee.
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).