S8080 Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03948363

S8080 Limited

Filleted Unaudited Financial Statements

31 March 2026

S8080 Limited

Financial Statements

Year ended 31 March 2026

CONTENTS	PAGE

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

S8080 Limited

Officers and Professional Advisers

The board of directors Mr M Howard

Mrs D J A Howard

Company secretary	Mr M Howard

Registered office	Unit 27 Innovation Matrix
	Kings Road
	Swansea
	Wales
	SA1 8FF

Accountants	James & Uzzell Ltd
	Chartered Certified Accountants
	Axis 15, Axis Court
	Mallard Way
	Riverside Business Park
	Swansea
	SA7 0AJ

S8080 Limited

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

FIXED ASSETS

Tangible assets	5	3,573	9,902

CURRENT ASSETS

Debtors	6	690,387	390,827
Cash at bank and in hand		2,082,232	2,284,357
		------------	------------
		2,772,619	2,675,184

CREDITORS: amounts falling due within one year	7	676,546	512,649
		------------	------------
NET CURRENT ASSETS		2,096,073	2,162,535
		------------	------------
TOTAL ASSETS LESS CURRENT LIABILITIES		2,099,646	2,172,437

PROVISIONS

Taxation including deferred tax	893	2,475
	------------	------------
NET ASSETS	2,098,753	2,169,962
	------------	------------

CAPITAL AND RESERVES

Called up share capital	8	500	500
Capital redemption reserve		500	500
Profit and loss account		2,097,753	2,168,962
		------------	------------
SHAREHOLDERS FUNDS		2,098,753	2,169,962
		------------	------------

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 comprehensive income has not been delivered.

For the year ending 31 March 2026 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 .

S8080 Limited

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 14 October 2026 , and are signed on behalf of the board by:

Mr M Howard

Director

Company registration number: 03948363

S8080 Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. GENERAL INFORMATION

S8080 Limited is a private company limited by shares incorporated in England & Wales, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The nature of the company's operations and principal activities are website development and maintenance.

2. STATEMENT OF COMPLIANCE

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102)', Section 1A for Small Entities and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1. The reporting period of these financial statements and its comparative period is 12 months. These financial statements only include the results of the individual entity made up to 31 March 2026. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Going concern

The directors have considered the future trading position of the company and are confident that the going concern principle can be applied to the financial statements.

Research and development

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Debtors and creditors receivable/payable within one year

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.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Judgements and key sources of estimation uncertainty

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below (i) Useful economic lives of tangible assets The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. (ii) Impairment of debtors The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. (iii) Provisions Estimates are used in determining the value of provisions when recognised. This will be based on historical information, known expectations and reasonable outcomes. (iv) Going Concern The assessment of going concern may include the use of critical judgements in respect of impact of various external factors such as political, economic and social issues. Material uncertainties are considered in this regard. (v) Research & Development Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

Loans and borrowings

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 financing transaction it is measured at present value.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows: Rendering of services When the outcome of a transaction can be estimated reliably, turnover from website development is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is estimated by staff in relation to how much work has been done. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable. Turnover from website maintenance is recognised as and when the maintenance occurs. Interest receivable Interest income is recognised using the effective interest method.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Computer Hardware	-	25% per annum of cost

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 18 (2025: 19 ).

5. TANGIBLE ASSETS

	Computer hardware	Total
	£	£
Cost
At 1 April 2025 and 31 March 2026	38,966	38,966
	--------	--------
Depreciation
At 1 April 2025	29,064	29,064
Charge for the year	6,329	6,329
	--------	--------
At 31 March 2026	35,393	35,393
	--------	--------
Carrying amount
At 31 March 2026	3,573	3,573
	--------	--------
At 31 March 2025	9,902	9,902
	--------	--------

6. DEBTORS

	2026	2025
	£	£
Trade debtors	681,787	374,314
Other debtors	8,600	16,513
	---------	---------
	690,387	390,827
	---------	---------

7. CREDITORS: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	16,411	10,348
Corporation tax	370,136	185,723
Social security and other taxes	285,993	228,237
Other creditors	4,006	88,341
	---------	---------
	676,546	512,649
	---------	---------

8. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary 'B' shares of £ 0.10 each	–	–	2,400	240
Ordinary 'C' shares of £ 0.10 each	–	–	2,600	260
Ordinary shares of £ 0.10 each	5,000	500	–	–
	------	----	------	----
	5,000	500	5,000	500
	------	----	------	----

On 12th September 2025 there was a share reclassification of 2400 'B' £0.10 Ordinary shares and 2600 'C' £0.10 Ordinary shares to 5000 £0.10 Ordinary shares

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The balance owed by the directors to the company at the year end was £Nil (2025: £11,123). No interest has been charged in relation to this balance.

10. EOT CONTRIBUTIONS

S8080 EOT Limited is a 70% shareholder in the company. S8080 Limited has a commitment to make future non-binding contributions out of its distributable reserves to fund the trust's liability to the exiting shareholders, subject to sufficient commercial performance.