Acorah Software Products - Accounts Production 16.4.675 false true 29 February 2024 1 March 2023 false 1 March 2024 28 February 2025 28 February 2025 08423829 Elizabeth Davies Julian Davies Nathan Davies iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08423829 2024-02-29 08423829 2025-02-28 08423829 2024-03-01 2025-02-28 08423829 frs-core:CurrentFinancialInstruments 2025-02-28 08423829 frs-core:Non-currentFinancialInstruments 2025-02-28 08423829 frs-core:ComputerEquipment 2025-02-28 08423829 frs-core:ComputerEquipment 2024-03-01 2025-02-28 08423829 frs-core:ComputerEquipment 2024-02-29 08423829 frs-core:FurnitureFittings 2025-02-28 08423829 frs-core:FurnitureFittings 2024-03-01 2025-02-28 08423829 frs-core:FurnitureFittings 2024-02-29 08423829 frs-core:MotorVehicles 2024-03-01 2025-02-28 08423829 frs-core:ShareCapital 2025-02-28 08423829 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 08423829 frs-bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 08423829 frs-bus:FilletedAccounts 2024-03-01 2025-02-28 08423829 frs-bus:SmallEntities 2024-03-01 2025-02-28 08423829 frs-bus:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 08423829 frs-bus:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 08423829 frs-bus:Director1 2024-03-01 2025-02-28 08423829 frs-bus:Director2 2024-03-01 2025-02-28 08423829 frs-bus:Director3 2024-03-01 2025-02-28 08423829 frs-countries:EnglandWales 2024-03-01 2025-02-28 08423829 2023-02-28 08423829 2024-02-29 08423829 2023-03-01 2024-02-29 08423829 frs-core:CurrentFinancialInstruments 2024-02-29 08423829 frs-core:Non-currentFinancialInstruments 2024-02-29 08423829 frs-core:WithinOneYear 2024-02-29 08423829 frs-core:ShareCapital 2024-02-29 08423829 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29
Registered number: 08423829
Webb Street Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Swift Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08423829
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,361 1,653
1,361 1,653
CURRENT ASSETS
Stocks 5 87,000 91,500
Debtors 6 1,018 1,900
Cash at bank and in hand 865 131
88,883 93,531
Creditors: Amounts Falling Due Within One Year 7 (73,048 ) (75,689 )
NET CURRENT ASSETS (LIABILITIES) 15,835 17,842
TOTAL ASSETS LESS CURRENT LIABILITIES 17,196 19,495
Creditors: Amounts Falling Due After More Than One Year 8 (23,216 ) (29,000 )
NET LIABILITIES (6,020 ) (9,505 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (6,022 ) (9,507 )
SHAREHOLDERS' FUNDS (6,020) (9,505)
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For the year ending 28 February 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Elizabeth Davies
Director
30/08/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Webb Street Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08423829 . The registered office is 2 Webb Street, Fowey, Cornwall, PL23 1AP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% straight line
Fixtures & Fittings 15% straight line
Computer Equipment 33% straight line
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
2.5. Stocks and Work in Progress
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.6. Financial Instruments
Classification 
The company holds the following financial instruments: 
- Short term trade and other debtors and creditors 
- Cash and bank balances 
All financial instruments are classified as basic. 
Recognition and measurement 
The company has chosen to apply the recognition and measurement principles in FRS102. 
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled. 
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
2.7. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2024 22,355 1,151 23,506
As at 28 February 2025 22,355 1,151 23,506
Depreciation
As at 1 March 2024 20,702 1,151 21,853
Provided during the period 292 - 292
As at 28 February 2025 20,994 1,151 22,145
Net Book Value
As at 28 February 2025 1,361 - 1,361
As at 1 March 2024 1,653 - 1,653
5. Stocks
2025 2024
£ £
Finished goods 87,000 91,500
6. Debtors
2025 2024
£ £
Due within one year
Deferred tax current asset 1,018 1,900
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 6,000 5,722
Other taxes and social security 474 644
VAT 2,798 996
Accruals and deferred income 2,585 869
Directors' loan accounts 61,191 67,458
73,048 75,689
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 23,216 29,000
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year - 23,000
- 23,000
11. Related Party Transactions
The company owed the directors £61,191 (2024 - £67,458) at the year end.   There are no set repayment terms.   Interest of £0 (2024 - £0) was paid by the company during the year on the balances.
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