Acorah Software Products - Accounts Production 16.7.461 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 06352688 Mr Jonathan Webb June Webb Mr Richard Webb iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06352688 2024-03-31 06352688 2025-03-31 06352688 2024-04-01 2025-03-31 06352688 frs-core:CurrentFinancialInstruments 2025-03-31 06352688 frs-core:FurnitureFittings 2025-03-31 06352688 frs-core:FurnitureFittings 2024-04-01 2025-03-31 06352688 frs-core:FurnitureFittings 2024-03-31 06352688 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-03-31 06352688 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06352688 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 06352688 frs-core:MotorVehicles 2025-03-31 06352688 frs-core:MotorVehicles 2024-04-01 2025-03-31 06352688 frs-core:MotorVehicles 2024-03-31 06352688 frs-core:PlantMachinery 2025-03-31 06352688 frs-core:PlantMachinery 2024-04-01 2025-03-31 06352688 frs-core:PlantMachinery 2024-03-31 06352688 frs-core:ShareCapital 2025-03-31 06352688 frs-core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 06352688 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2024-03-31 06352688 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 06352688 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06352688 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 06352688 frs-bus:SmallEntities 2024-04-01 2025-03-31 06352688 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 06352688 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06352688 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 06352688 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 06352688 frs-bus:Director1 2024-04-01 2025-03-31 06352688 frs-bus:Director2 2024-04-01 2025-03-31 06352688 frs-bus:Director3 2024-04-01 2025-03-31 06352688 frs-countries:EnglandWales 2024-04-01 2025-03-31 06352688 2023-03-31 06352688 2024-03-31 06352688 2023-04-01 2024-03-31 06352688 frs-core:CurrentFinancialInstruments 2024-03-31 06352688 frs-core:ShareCapital 2024-03-31 06352688 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 06352688 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31
Registered number: 06352688
Webbs Maritime Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
GMS FC Limited
1 London Road
Ipswich
Suffolk
IP1 2HA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06352688
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 301,302 301,649
301,302 301,649
CURRENT ASSETS
Stocks 5 800 875
Debtors 6 4,804 8,879
Cash at bank and in hand 23,608 29,908
29,212 39,662
Creditors: Amounts Falling Due Within One Year 7 (85,657 ) (88,742 )
NET CURRENT ASSETS (LIABILITIES) (56,445 ) (49,080 )
TOTAL ASSETS LESS CURRENT LIABILITIES 244,857 252,569
NET ASSETS 244,857 252,569
CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 215,000 215,000
Profit and Loss Account 29,757 37,469
SHAREHOLDERS' FUNDS 244,857 252,569
Page 1
Page 2
For the year ending 31 March 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
Mr Jonathan Webb
Director
3rd December 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Webbs Maritime Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06352688 . The registered office is The Boatyard Pinmill, Ipswich, Suffolk, IP9 1JN.
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Freehold Not depreciated
Plant & Machinery 10% on Cost
Motor Vehicles 25% on Cost
Fixtures & Fittings 25% RB
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 April 2024 300,000 7,951 2,450 312 310,713
As at 31 March 2025 300,000 7,951 2,450 312 310,713
Depreciation
As at 1 April 2024 - 6,325 2,436 303 9,064
Provided during the period - 345 - 2 347
As at 31 March 2025 - 6,670 2,436 305 9,411
Net Book Value
As at 31 March 2025 300,000 1,281 14 7 301,302
As at 1 April 2024 300,000 1,626 14 9 301,649
5. Stocks
2025 2024
£ £
Finished goods 800 875
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 2,619 8,507
Corporation tax recoverable assets 1,804 -
Deferred tax current asset 381 372
4,804 8,879
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax (2,543 ) -
VAT 550 378
Accruals and deferred income 819 818
Directors' loan accounts 86,831 87,546
85,657 88,742
Page 4
Page 5
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Reserves
Fair value reserve Profit and Loss Account
£ £
As at 1 April 2024 215,000 37,469
Loss for the year and total comprehensive income - (7,712 )
As at 31 March 2025 215,000 29,757
Page 5