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

COMPANY REGISTRATION NUMBER: 03948363

S8080 Limited

Filleted Unaudited Financial Statements

31 March 2025

S8080 Limited

Financial Statements

Year ended 31 March 2025

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

Mr C Cowell (Resigned on 21.03.25)

Mrs D J A Howard

Mrs S C Cowell (Resigned on 21.03.25)

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 2025

	2025	2024
Note	£	£

FIXED ASSETS

Tangible assets	5	9,902	19,643

CURRENT ASSETS

Debtors	6	390,827	430,981
Cash at bank and in hand		2,284,357	4,488,209
		------------	------------
		2,675,184	4,919,190

CREDITORS: amounts falling due within one year	7	512,649	1,113,302
		------------	------------
NET CURRENT ASSETS		2,162,535	3,805,888
		------------	------------
TOTAL ASSETS LESS CURRENT LIABILITIES		2,172,437	3,825,531

PROVISIONS

Taxation including deferred tax	2,475	4,911
	------------	------------
NET ASSETS	2,169,962	3,820,620
	------------	------------

CAPITAL AND RESERVES

Called up share capital	8	500	1,000
Capital redemption reserve		500	–
Profit and loss account		2,168,962	3,819,620
		------------	------------
SHAREHOLDERS FUNDS		2,169,962	3,820,620
		------------	------------

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 2025 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 2025

These financial statements were approved by the board of directors and authorised for issue on 11 November 2025 , 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 2025

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 2025. 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. See the fixed asset note for the carrying amount of the property plant and equipment, and the depreciation accounting policy for the useful economic lives for each class of 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. See the debtors note for the net carrying amount of the debtors and associated impairment provision. (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 & development tax claims could use an element of judgement for the stage of completion of the project. Capitalised research and development is amortised over the estimated useful life of the project.

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.

Leases

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Where goods are sold using finance leases, the entity recognises turnover from the sale of goods and the rights to receive future lease payments as a debtor. Minimum lease payments are apportioned between finance income and the reduction of the lease debtor with finance income allocated so as to produce a constant periodic rate of interest on the net investment in the finance lease.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Income 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 assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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

Impairment of fixed assets

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 19 (2024: 20 ).

5. TANGIBLE ASSETS

	Computer hardware	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	38,966	38,966
	--------	--------
Depreciation
At 1 April 2024	19,322	19,322
Charge for the year	9,742	9,742
	--------	--------
At 31 March 2025	29,064	29,064
	--------	--------
Carrying amount
At 31 March 2025	9,902	9,902
	--------	--------
At 31 March 2024	19,644	19,644
	--------	--------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	374,314	393,012
Other debtors	16,513	37,969
	---------	---------
	390,827	430,981
	---------	---------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	10,348	12,951
Corporation tax	185,723	191,820
Social security and other taxes	228,237	304,368
Other creditors	88,341	604,163
	---------	------------
	512,649	1,113,302
	---------	------------

8. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary 'A' shares of £ 0.10 each	–	–	5,200	520
Ordinary 'B' shares of £ 0.10 each	2,400	240	4,800	480
Ordinary 'C' shares of £ 0.10 each	2,600	260	–	–
	------	----	--------	------
	5,000	500	10,000	1,000
	------	----	--------	------

On 19th August 2024 there was a share reclassification of 2600 'A' £0.10 Ordinary shares to 2600 'C' £0.10 Ordinary shares The company also purchased 5000 £0.10 ordinary shares on 21st March 2025 from the former directors, Mr Chris Cowell and Mrs Sarah Cowell.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The balance owed by the directors to the company at the year end was £11,123 (2024: £32,926). No interest has been charged in relation to this balance.