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REGISTERED NUMBER: 05438916 (England and Wales)








REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 31 OCTOBER 2024

FOR

WEB PRAXIS LIMITED

WEB PRAXIS LIMITED (REGISTERED NUMBER: 05438916)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 May 2023 to 31 October 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


WEB PRAXIS LIMITED

COMPANY INFORMATION
for the Period 1 May 2023 to 31 October 2024







DIRECTORS: Mr T Beech
Mr M C Beech



SECRETARY: Mr W K Beech



REGISTERED OFFICE: Unit 5 Enterprise House
Manchester Science Park
Pencroft Way
Manchester
Lancashire
M15 6SE



REGISTERED NUMBER: 05438916 (England and Wales)



ACCOUNTANTS: Cadishead Accountancy Services Limited
Britannic House
657 Liverpool Road
Irlam
Manchester
Lancashire
M44 5XD



BANKERS: HSBC Bank plc
760 Wilmslow Road
Didsbury
Manchester
M20 2DP

WEB PRAXIS LIMITED (REGISTERED NUMBER: 05438916)

REPORT OF THE DIRECTORS
for the Period 1 May 2023 to 31 October 2024

The directors present their report with the financial statements of the company for the period 1 May 2023 to 31 October 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the period under review was that of web design.

DIRECTORS
The directors set out in the table below have held office during the whole of the period from 1 May 2023 to the date of this report.

The beneficial interests of the directors holding office at 31 October 2024 in the shares of the company, according to the register of directors' interests, were as follows:

31.10.24 1.5.23
Ordinary A shares of £1 each
Mr T Beech 164 164
Mr M C Beech - -

Ordinary B shares of £1 each
Mr T Beech 1 1
Mr M C Beech - -

Ordinary D shares of £1 each
Mr T Beech 1 1
Mr M C Beech - -

These directors did not hold any beneficial interests in the following:

Ordinary C shares of £1 each

Ordinary E shares of £1 each

These directors did not hold any non-beneficial interests in any of the shares of the company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr T Beech - Director


30 April 2025

WEB PRAXIS LIMITED (REGISTERED NUMBER: 05438916)

BALANCE SHEET
31 October 2024

31.10.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,874 4,646

CURRENT ASSETS
Debtors 5 16,758 30,033
Cash at bank 129,780 128,814
146,538 158,847
CREDITORS
Amounts falling due within one year 6 (49,446 ) (41,262 )
NET CURRENT ASSETS 97,092 117,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,966

122,231

CREDITORS
Amounts falling due after more than one
year

7

(4,813

)

(12,732

)

PROVISIONS FOR LIABILITIES (533 ) (865 )
NET ASSETS 94,620 108,634

CAPITAL AND RESERVES
Called up share capital 209 209
Retained earnings 94,411 108,425
SHAREHOLDERS' FUNDS 94,620 108,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

WEB PRAXIS LIMITED (REGISTERED NUMBER: 05438916)

BALANCE SHEET - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





Mr T Beech - Director


WEB PRAXIS LIMITED (REGISTERED NUMBER: 05438916)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 May 2023 to 31 October 2024

1. STATUTORY INFORMATION

Web Praxis Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Research and development
Research and development costs are charged to operations when incurred and are included in operating expenses. The amounts charged in 2019 and 2020 were £5,856 and £8,569, respectively.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 4 ) .

WEB PRAXIS LIMITED (REGISTERED NUMBER: 05438916)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 May 2023 to 31 October 2024

4. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 May 2023 10,969 7,776 18,745
Additions 216 - 216
At 31 October 2024 11,185 7,776 18,961
DEPRECIATION
At 1 May 2023 7,112 6,987 14,099
Charge for period 1,353 635 1,988
At 31 October 2024 8,465 7,622 16,087
NET BOOK VALUE
At 31 October 2024 2,720 154 2,874
At 30 April 2023 3,857 789 4,646

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 30.4.23
£    £   
Trade debtors 8,276 23,083
Other debtors 8,482 6,950
16,758 30,033

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 30.4.23
£    £   
Bank loans and overdrafts 5,442 5,352
Trade creditors 4,422 664
Taxation and social security 20,694 22,208
Other creditors 18,888 13,038
49,446 41,262

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 30.4.23
£    £   
Bank loans 4,813 12,732

WEB PRAXIS LIMITED (REGISTERED NUMBER: 05438916)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 May 2023 to 31 October 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 October 2024 and the year ended 30 April 2023:

31.10.24 30.4.23
£    £   
Mr T Beech
Balance outstanding at start of period - 5,195
Amounts advanced 8,482 -
Amounts repaid - (5,195 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 8,482 -

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr T Beech.