Company Registration No. 06881158 (England and Wales)
123 Web Shops Limited
Unaudited accounts
for the year ended 31 March 2023
123 Web Shops Limited
Unaudited accounts
Contents
123 Web Shops Limited
Company Information
for the year ended 31 March 2023
Director
Mr Stephen Peter Thorp
Company Number
06881158 (England and Wales)
Registered Office
60 SLUICE ROAD
WIGGENHALL ST. GERMANS
KING'S LYNN
NORFOLK
PE34 3EF
Accountants
Azoth Solutions Ltd
Jonathan Scott Hall
Thorpe Road
Norwich
Norfolk
NR1 1UH
123 Web Shops Limited
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
5,154
7,723
Creditors: amounts falling due within one year
(73,394)
(63,244)
Net current liabilities
(47,891)
(34,977)
Net liabilities
(47,872)
(34,952)
Called up share capital
1
1
Profit and loss account
(47,873)
(34,953)
Shareholders' funds
(47,872)
(34,952)
For the year ending 31 March 2023 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 director acknowledges his 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 and authorised for issue on 22 June 2023 and were signed on its behalf by
Mr Stephen Peter Thorp
Director
Company Registration No. 06881158
123 Web Shops Limited
Notes to the Accounts
for the year ended 31 March 2023
123 Web Shops Limited is a private company, limited by shares, registered in England and Wales, registration number 06881158. The registered office is 60 SLUICE ROAD, WIGGENHALL ST. GERMANS, KING'S LYNN, NORFOLK, PE34 3EF.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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% RBM
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Deferred tax asset
11,168
8,978
123 Web Shops Limited
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
352
352
Accrued preference dividends
-
540
Loans from directors
73,042
62,352
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
