Registered number: 03983881 | ||||||||
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FOR THE YEAR ENDED 31/03/2017 | ||||||||
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Prepared By: | ||||||||
Martin & Fahy | ||||||||
Chartered Certified Accountants | ||||||||
7 Milbanke Court | ||||||||
Milbanke Way | ||||||||
Bracknell | ||||||||
Berkshire | ||||||||
RG12 1RP |
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IDWEB LTD | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2017 | ||||||||
DIRECTORS | ||||||||
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SECRETARY | ||||||||
Claire Bowden | ||||||||
REGISTERED OFFICE | ||||||||
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Berkshire | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 03983881 | ||||||||
ACCOUNTANTS | ||||||||
Martin & Fahy | ||||||||
Chartered Certified Accountants | ||||||||
7 Milbanke Court | ||||||||
Milbanke Way | ||||||||
Bracknell | ||||||||
Berkshire | ||||||||
RG12 1RP |
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IDWEB LTD | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2017 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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IDWEB LTD | ||||||||
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BALANCE SHEET AT
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2017 | 2016 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Stock | 97,429 | 155,250 | ||||||||
Debtors | 4 | 852 | 11,368 | |||||||
Cash at bank and in hand |
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216,543 | 206,515 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | 45,951 | 37,797 | |||||||
NET CURRENT ASSETS | 170,592 | 168,718 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | 203,043 | 209,084 | ||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 23,016 | 33,545 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | 5,726 | 6,298 | |||||||
NET ASSETS | 174,301 | 169,241 | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | 210 | 210 | |||||||
Profit and loss account | 174,091 | 169,031 | ||||||||
SHAREHOLDERS' FUNDS |
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169,241 | ||||||||
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The directors have decided not to deliver to the registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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IDWEB LTD | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2017 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Depreciation | ||||||||
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Short Leasehold Properties | straight line 10% | |||||||
Plant and Machinery | straight line 20% | |||||||
Fixtures and Fittings | straight line 20% |
1b. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
2. TANGIBLE FIXED ASSETS | ||||||||
Short Leasehold | Plant and | Fixtures | ||||||
Properties | Machinery | and Fittings | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/04/2016 | - | 60,210 | 22,093 | 82,303 | ||||
Additions | 7,700 | 1,408 | 793 | 9,901 | ||||
At 31/03/2017 | 7,700 | 61,618 | 22,886 | 92,204 | ||||
Depreciation | ||||||||
At 01/04/2016 | - | 30,176 | 11,761 | 41,937 | ||||
For the year | 770 | 12,627 | 4,419 | 17,816 | ||||
At 31/03/2017 | 770 | 42,803 | 16,180 | 59,753 | ||||
Net Book Amounts | ||||||||
At 31/03/2017 | 6,930 |
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At 31/03/2016 | - |
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IDWEB LTD | ||||||||
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3. STOCK | 2017 | 2016 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | 97,429 | 155,250 | ||||
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4. DEBTORS | 2017 | 2016 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 852 | 2,761 | ||||||
Other debtors | - | 1,150 | ||||||
Prepayments | - | 7,457 | ||||||
852 | 11,368 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2017 | 2016 | |||||||
£ | £ | |||||||
Corporation tax | 5,422 | 1,988 | ||||||
VAT | 24,973 | 18,912 | ||||||
PAYE control | 2,500 | - | ||||||
Directors current account | 1,677 | 1,677 | ||||||
Bank Loan | 10,270 | 10,011 | ||||||
Trade creditors | 572 | 1,595 | ||||||
Other creditors | 130 | - | ||||||
Sales ledger credit balances | - | 130 | ||||||
Accruals | 407 | 3,484 | ||||||
45,951 | 37,797 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2017 | 2016 | |||||||
£ | £ | |||||||
Bank loans | 23,016 | 33,545 | ||||||
23,016 | 33,545 | |||||||
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IDWEB LTD | ||||||||
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7. EMPLOYEES | ||||||
2017 | 2016 | |||||
No. | No. | |||||
8. PROVISIONS FOR LIABILITIES | 2017 | 2016 | ||||||
£ | £ | |||||||
Deferred taxation | 5,726 | 6,298 | ||||||
5,726 | 6,298 | |||||||
9. SHARE CAPITAL | 2017 | 2016 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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210 | 210 | ||||||
210 | 210 | |||||||