Webb Street Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08423829

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,012		1,361

			3,012		1,361
CURRENT ASSETS
Stocks	5	43,051		87,000
Debtors	6	1,087		1,018
Cash at bank and in hand		60		865

		44,198		88,883
Creditors: Amounts Falling Due Within One Year	7	(73,246 )		(73,048 )

NET CURRENT ASSETS (LIABILITIES)			(29,048 )		15,835

TOTAL ASSETS LESS CURRENT LIABILITIES			(26,036 )		17,196

Creditors: Amounts Falling Due After More Than One Year	8		(18,061 )		(23,216 )

NET LIABILITIES			(44,097 )		(6,020 )

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			(44,099 )		(6,022 )

SHAREHOLDERS' FUNDS			(44,097)		(6,020)

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Webb Street Limited

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 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

Nathan Davies

Director

30/04/2026

The notes on pages 3 to 5 form part of these 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. Going Concern Disclosure

The financial statements have been prepared on a going concern basis.

In reaching this conclusion, the directors have considered the company’s financial position at 28 February 2026, including the loss for the year and the net liability position at the balance sheet date. The directors have reviewed forecasts and cash flow requirements for a period of at least twelve months from the date of approval of these financial statements.

The directors have also considered the continued support of the directors and shareholders, including the availability of funding through the directors’ loan accounts, which the directors do not intend to seek repayment of within at least twelve months from the date of approval of these financial statements. On the basis of this review, the directors consider that the company will have adequate resources to continue in operational existence for the foreseeable future and have therefore prepared the financial statements on the going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.4. 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:

Fixtures & Fittings	15% straight line
Computer Equipment	33% straight line

2.5. 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.

2.6. 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.

2.7. 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.

...CONTINUED

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Webb Street Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.7. Financial Instruments - continued

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.

2.8. 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: 4 (2025: 3)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 March 2025	22,355	1,151	23,506
Additions	-	2,086	2,086

As at 28 February 2026	22,355	3,237	25,592

Depreciation
As at 1 March 2025	20,994	1,151	22,145
Provided during the period	292	143	435

As at 28 February 2026	21,286	1,294	22,580

Net Book Value
As at 28 February 2026	1,069	1,943	3,012

As at 1 March 2025	1,361	-	1,361

5. Stocks

	2026	2025
	£	£
Finished goods	43,051	87,000

6. Debtors

	2026	2025
	£	£
Due within one year
Prepayments and accrued income	1,087	-
Deferred tax current asset	-	1,018

	1,087	1,018

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Webb Street Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Bank loans and overdrafts	7,116	6,000
Other taxes and social security	533	474
VAT	2,626	2,798
Accruals and deferred income	984	2,585
Directors' loan accounts	61,987	61,191

	73,246	73,048

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	18,061	23,216

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	2

10. Related Party Transactions

The company owed the directors £61,987 (2025 - £61,191) at the year end. The balances are unsecured, interest free and have no fixed repayment terms.

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