Registration number:
The Webmaster Centre Ltd
for the Year Ended 31 August 2016
Chartered Certified Accountants
4 Cross Street
Beeston
Nottingham
Nottinghamshire
NG9 2NX
The Webmaster Centre Ltd
Contents
Company Information |
|
Directors' Report |
|
Accountants' Report |
|
Profit and Loss Account |
|
Balance Sheet |
|
Notes to the Financial Statements |
The Webmaster Centre Ltd
Company Information
Directors |
Mr P A Nelson Mr N E Aucott Mrs E H Nelson |
Registered office |
|
Accountants |
|
Page 1 |
The Webmaster Centre Ltd
Directors' Report for the Year Ended 31 August 2016
The directors present their report and the financial statements for the year ended 31 August 2016.
This report has been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.
Directors of the company
The directors who held office during the year were as follows:
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board on
.........................................
Mr P A Nelson
Director
Page 2 |
Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
The Webmaster Centre Ltd
for the Year Ended 31 August 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of The Webmaster Centre Ltd for the year ended 31 August 2016 as set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.
This report is made solely to the Board of Directors of The Webmaster Centre Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Webmaster Centre Ltd and state those matters that we have agreed to state to the Board of Directors of The Webmaster Centre Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Webmaster Centre Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that The Webmaster Centre Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of The Webmaster Centre Ltd. You consider that The Webmaster Centre Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of The Webmaster Centre Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
Chartered Certified Accountants
Beeston
Nottingham
Nottinghamshire
NG9 2NX
Page 3 |
The Webmaster Centre Ltd
Profit and Loss Account for the Year Ended 31 August 2016
Note |
Total |
Total |
|
Turnover |
|
|
|
Cost of raw materials and consumables |
( |
( |
|
Staff costs |
( |
( |
|
Depreciation and other amounts written off assets |
( |
( |
|
Other charges |
(28,498) |
(31,619) |
|
(Loss)/profit before tax |
( |
|
|
Taxation |
|
( |
|
(Loss)/profit for the year |
( |
|
Page 4 |
The Webmaster Centre Ltd
(Registration number: 07622086)
Balance Sheet as at 31 August 2016
Note |
2016 |
2015 |
|
Fixed assets |
|
|
|
Current assets |
|
|
|
Prepayments and accrued income |
- |
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Total assets less current liabilities |
( |
( |
|
Provisions for liabilities |
- |
( |
|
Accruals and deferred income |
( |
( |
|
( |
( |
||
Capital and reserves |
( |
( |
Page 5 |
The Webmaster Centre Ltd
(Registration number: 07622086)
Balance Sheet as at 31 August 2016
Notes to the Financial Statements for the Year Ended 31 August 2016
General information |
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Basis of preparation
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Page 6 |
The Webmaster Centre Ltd
(Registration number: 07622086)
Balance Sheet as at 31 August 2016
These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006.
For the financial year ending 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
.........................................
Mr P A Nelson
Director
Page 7 |
The Webmaster Centre Ltd
Detailed Profit and Loss Account for the Year Ended 31 August 2016
2016 |
2015 |
|
Turnover (analysed below) |
146,278 |
92,269 |
Cost of sales (analysed below) |
(93,319) |
(17,130) |
Gross profit |
52,959 |
75,139 |
Gross profit (%) |
36.2% |
81.43% |
Administrative expenses |
||
Employment costs (analysed below) |
(24,559) |
(24,769) |
Establishment costs (analysed below) |
(2,350) |
(8,905) |
General administrative expenses (analysed below) |
(21,267) |
(22,468) |
Finance charges (analysed below) |
(2,455) |
(244) |
Depreciation costs (analysed below) |
(77) |
(163) |
Other expenses (analysed below) |
24 |
- |
(50,684) |
(56,549) |
|
Operating profit |
2,275 |
18,590 |
Other interest receivable and similar income (analysed below) |
21 |
1 |
Interest payable and similar charges (analysed below) |
(2,471) |
(3) |
(2,450) |
(2) |
|
(Loss)/profit before tax |
(175) |
18,588 |
Page 8 |
The Webmaster Centre Ltd
Detailed Profit and Loss Account for the Year Ended 31 August 2016
2016 |
2015 |
Turnover |
||
Sales, UK |
146,278 |
92,269 |
Cost of sales |
||
Purchases |
14,188 |
14,099 |
Subcontract cost |
79,131 |
3,031 |
93,319 |
17,130 |
Employment costs |
||
Directors remuneration |
(24,187) |
(24,003) |
Staff training and welfare |
(372) |
(766) |
(24,559) |
(24,769) |
Establishment costs |
||
Rent |
(1,233) |
(7,000) |
Rates |
(182) |
(322) |
Light, heat and power |
(576) |
(1,016) |
Insurance |
(359) |
(567) |
(2,350) |
(8,905) |
General administrative expenses |
||
Repairs and maintenance |
(276) |
(737) |
Equipment expensed |
- |
(54) |
Telephone and fax |
(3,121) |
(2,710) |
Printing, postage and stationery |
(207) |
(431) |
Trade subscriptions |
(2,921) |
(5,008) |
Hire of plant and machinery (Operating leases) |
(1,670) |
(961) |
Sundry expenses |
- |
(264) |
Motor expenses |
(1,704) |
(2,675) |
Travel and subsistence |
- |
(558) |
Advertising |
(4,930) |
(1,642) |
Accountancy fees |
(5,105) |
(5,761) |
Legal and professional fees |
- |
(1,667) |
Bad debts written off |
(1,333) |
- |
(21,267) |
(22,468) |
Finance charges |
||
Bank charges |
(2,455) |
(244) |
Depreciation costs |
||
Depreciation of fixtures and fittings (owned) |
(77) |
(163) |
Other expenses |
||
(Profit)/loss on disposal of tangible fixed assets |
24 |
- |
Page 9 |
The Webmaster Centre Ltd
Detailed Profit and Loss Account for the Year Ended 31 August 2016
Other interest receivable and similar income |
||
Bank interest receivable |
21 |
1 |
Interest payable and similar expenses |
||
Bank interest payable |
14 |
3 |
Other interest payable |
2,457 |
- |
2,471 |
3 |
Page 10 |