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REGISTERED NUMBER: 06943701 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2022

for

Watts Meaker Limited

Watts Meaker Limited (Registered number: 06943701)






Contents of the Financial Statements
for the Year Ended 31 July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Watts Meaker Limited

Company Information
for the Year Ended 31 July 2022







DIRECTORS: A Meaker
D Watts





SECRETARY:





REGISTERED OFFICE: 7 Honeymead
Whitchurch
Bristol
BS14 9JW





REGISTERED NUMBER: 06943701 (England and Wales)





ACCOUNTANTS: Harpers & Co
1st Floor
Premier House
127 Duckmoor Road
Bristol
BS3 2BJ

Watts Meaker Limited (Registered number: 06943701)

Balance Sheet
31 July 2022

31.7.22 31.7.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18 24

CURRENT ASSETS
Stocks 7,500 7,500
Debtors 5 275 299
Cash at bank 7,799 8,253
15,574 16,052
CREDITORS
Amounts falling due within one year 6 15,275 15,917
NET CURRENT ASSETS 299 135
TOTAL ASSETS LESS CURRENT
LIABILITIES

317

159

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 315 157
SHAREHOLDERS' FUNDS 317 159

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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.

Watts Meaker Limited (Registered number: 06943701)

Balance Sheet - continued
31 July 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2022 and were signed on its behalf by:





D Watts - Director


Watts Meaker Limited (Registered number: 06943701)

Notes to the Financial Statements
for the Year Ended 31 July 2022

1. STATUTORY INFORMATION

Watts Meaker 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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


Watts Meaker Limited (Registered number: 06943701)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2021
and 31 July 2022 75
DEPRECIATION
At 1 August 2021 51
Charge for year 6
At 31 July 2022 57
NET BOOK VALUE
At 31 July 2022 18
At 31 July 2021 24

Watts Meaker Limited (Registered number: 06943701)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.7.22 31.7.21
£    £   
Other debtors 275 299

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.7.22 31.7.21
£    £   
Taxation and social security 14,347 14,011
Other creditors 928 1,906
15,275 15,917

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £61,000 (2021 - £60,000) were paid to the directors .