Registered number
07165063
The Web Tailor Group Limited
Filleted Accounts
31 December 2024
The Web Tailor Group Limited
Registered number: 07165063
Balance Sheet
as at 31 December 2024
Notes 31/12/24 27/2/24
£ £
Fixed assets
Tangible assets 3 74,681 83,985
Investments 4 50 50
74,731 84,035
Current assets
Debtors 5 45,350 38,235
Cash at bank and in hand 110,145 60,721
155,495 98,956
Creditors: amounts falling due within one year 6 (211,164) (103,090)
Net current liabilities (55,669) (4,134)
Net assets 19,062 79,901
Capital and reserves
Called up share capital 100 100
Profit and loss account 18,962 79,801
Shareholders' funds 19,062 79,901
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Sean Francis
Director
Approved by the board on 10 July 2025
The Web Tailor Group Limited
Notes to the Accounts
for the period from 28 February 2024 to 31 December 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 33% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 31/12/24 27/2/24
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Leasehold improvements Plant and machinery etc Total
£ £ £
Cost
At 28 February 2024 82,240 62,715 144,955
Additions - 5,156 5,156
At 31 December 2024 82,240 67,871 150,111
Depreciation
At 28 February 2024 20,761 40,209 60,970
Charge for the period 6,853 7,607 14,460
At 31 December 2024 27,614 47,816 75,430
Net book value
At 31 December 2024 54,626 20,055 74,681
At 27 February 2024 61,479 22,506 83,985
4 Investments
Investment in subsidiary
Share capital
£
Cost
At 28 February 2024 50
At 31 December 2024 50
5 Debtors 31/12/24 27/2/24
£ £
Trade debtors 20,707 13,626
Other debtors 24,643 24,609
45,350 38,235
6 Creditors: amounts falling due within one year 31/12/24 27/2/24
£ £
Trade creditors - 25,000
Taxation and social security costs 61,428 20,709
Other creditors 149,736 57,381
211,164 103,090
7 Other information
The Web Tailor Group Limited is a private company limited by shares and incorporated in England. Its registered office is:
2-4 Gladstone Place
Newton Abbot
Devon
TQ12 2AW
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