COMPANY REGISTRATION NUMBER:
06650275
|
Filleted Unaudited Financial Statements |
|
Year ended 31 December 2024
|
Statement of financial position |
1 |
|
|
|
Notes to the financial statements |
3 |
|
|
|
Statement of Financial Position |
|
31 December 2024
Current assets
|
Debtors |
5 |
134,192 |
107,625 |
|
Cash at bank and in hand |
23,979 |
121,023 |
|
--------- |
--------- |
|
158,171 |
228,648 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
100,427 |
122,996 |
|
--------- |
--------- |
|
Net current assets |
57,744 |
105,652 |
|
-------- |
--------- |
|
Total assets less current liabilities |
57,744 |
105,652 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
7 |
– |
29,205 |
|
-------- |
--------- |
|
Net assets |
57,744 |
76,447 |
|
-------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
101 |
101 |
|
Capital redemption reserve |
24 |
24 |
|
Profit and loss account |
57,619 |
76,322 |
|
-------- |
-------- |
|
Shareholders funds |
57,744 |
76,447 |
|
-------- |
-------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of Financial Position (continued) |
|
31 December 2024
These financial statements were approved by the
board of directors
and authorised for issue on
1 October 2025
, and are signed on behalf of the board by:
|
Mr O J R Chapple |
|
Director |
|
Company registration number:
06650275
|
Notes to the Financial Statements |
|
Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7-8 Crescent Stables, 139 Upper Richmond Road Putney, London, SW15 2TN, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors have considered the basis of the preparation of the accounts and are satisfied that the accounts should be prepared on a going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
7
(2023:
12
).
5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
26,830 |
39,772 |
|
Other debtors |
107,362 |
67,853 |
|
--------- |
--------- |
|
134,192 |
107,625 |
|
--------- |
--------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
31,505 |
52,849 |
|
Trade creditors |
13,393 |
23,643 |
|
Social security and other taxes |
30,901 |
7,803 |
|
Other creditors |
24,628 |
38,701 |
|
--------- |
--------- |
|
100,427 |
122,996 |
|
--------- |
--------- |
|
|
|
The company has a fixed and floating charge over its assets from HSBC
7.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
– |
29,205 |
|
---- |
-------- |
|
|
|
The company has a fixed and floating charge over its assets from HSBC.
8.
Related party transactions
At the year end, the company was owed £98,813 (2023: £55,340) to a company under common control.
9.
Controlling party
The company's ultimate parent company is
Webdadi UK Holdings Limited
, a company incorporated in England and Wales. Webdadi UK Holdings Limited's registered address is 7-8 Crescent Stables 139 Upper Richmond, Putney, London, United Kingdom, SW15 2TN
.