Company Registration No. 03854663 (England and Wales)
Viaweb Limited
Unaudited accounts
for the year ended 31 October 2020
Viaweb Limited
Unaudited accounts
Contents
Viaweb Limited
Company Information
for the year ended 31 October 2020
Directors
M D Renshaw
C Renshaw
S E Begley
Company Number
03854663 (England and Wales)
Registered Office
10 Oldhill Street
London
N16 6LB
Accountants
Yannons Chartered Accountants
The Gallery
New Quay Street
Teignmouth
Devon
TQ14 8DA
Viaweb Limited
Statement of financial position
as at
31 October 2020
Cash at bank and in hand
14,596
3,735
Creditors: amounts falling due within one year
(46,452)
(43,448)
Net current (liabilities)/assets
(49)
178
Called up share capital
2
2
Profit and loss account
59
176
Shareholders' funds
61
178
For the year ending 31 October 2020 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2021 and were signed on its behalf by
M D Renshaw
Director
Company Registration No. 03854663
Viaweb Limited
Notes to the Accounts
for the year ended 31 October 2020
Viaweb Limited is a private company, limited by shares, registered in England and Wales, registration number 03854663. The registered office is 10 Oldhill Street, London, N16 6LB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover represents the gross billable value of sales for work carried out in the period less value added tax in connection with those sales.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on cost
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 material 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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The accounts have been prepared on a going concern basis on the understanding that the director will support the business.
Viaweb Limited
Notes to the Accounts
for the year ended 31 October 2020
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
5
Debtors: amounts falling due within one year
2020
2019
Trade debtors
2,400
9,540
Accrued income and prepayments
-
1,800
Other debtors
29,407
28,551
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
42,832
38,386
7
Share capital
2020
2019
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan repayable upon demand
28,551
29,407
28,551
29,407
28,551
29,407
28,551
29,407
9
Transactions with related parties
During the year the company paid a director, M D Renshaw, dividends totaling £52,300 and charged interest of £970 on monies advanced to him.
Viaweb Limited
Notes to the Accounts
for the year ended 31 October 2020
10
Average number of employees
During the year the average number of employees was 1 (2019: 1).