Webventurer Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06369126 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

FOR

WEBVENTURER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Mindel

M J Mindel

REGISTERED OFFICE:

19 North Street

Ashford

Kent

TN24 8LF

REGISTERED NUMBER:

06369126 (England and Wales)

ACCOUNTANTS:

Calcutt Matthews WBZ Ltd

Chartered Accountants

19 North Street

Ashford

Kent

TN24 8LF

FIXED ASSETS

Intangible assets

3

23,853

29,070

Tangible assets

4

670

1,340

Investments

5

11,632

36,995

36,155

67,405

CURRENT ASSETS

Debtors

6

39,987

38,000

Cash at bank

4,634

5,077

44,621

43,077

CREDITORS

Amounts falling due within one year

7

54,841

87,923

NET CURRENT LIABILITIES

(10,220

)

(44,846

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,935

22,559

CAPITAL AND RESERVES

Called up share capital

134

134

Retained earnings

8

25,801

22,425

SHAREHOLDERS' FUNDS

25,935

22,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 26 September 2019 and were signed on its behalf by:

M J Mindel - Director

1.	STATUTORY INFORMATION

Webventurer Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

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.

3.	INTANGIBLE FIXED ASSETS

Note 12 - At 1st July 2016 the balances from Webventurer LLP were acquired by Webventurer limited and the

LLP was closed.

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 July 2018

and 30 June 2019

2,680

DEPRECIATION

At 1 July 2018

1,340

Charge for year

670

At 30 June 2019

2,010

NET BOOK VALUE

At 30 June 2019

670

At 30 June 2018

1,340

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2018

36,995

Disposals

(25,363

)

At 30 June 2019

11,632

NET BOOK VALUE

At 30 June 2019

11,632

At 30 June 2018

36,995

Other fixed investments comprise an investment in Top Notch Products and Solutions Inc.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Other debtors

39,987

38,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Bank loans and overdrafts

41

277

Trade creditors

175

175

Other creditors

54,625

87,471

54,841

87,923

8.

RESERVES

Retained

earnings

£

At 1 July 2018

22,425

Profit for the year

3,376

At 30 June 2019

25,801