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Company Registration No. 13110208 (England and Wales)
Watsons Fabrics Ltd Unaudited accounts for the year ended 31 January 2023
Watsons Fabrics Ltd Unaudited accounts Contents
Page
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Watsons Fabrics Ltd Company Information for the year ended 31 January 2023
Director
Claire Watson
Company Number
13110208 (England and Wales)
Registered Office
29 RECTORY LANE BYFLEET WEST BYFLEET KT14 7LW ENGLAND
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Watsons Fabrics Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
15,000 
22,500 
Current assets
Inventories
(5,000)
(5,000)
Debtors
(75)
735 
Cash at bank and in hand
22,822 
37,304 
17,747 
33,039 
Creditors: amounts falling due within one year
(27,052)
(49,640)
Net current liabilities
(9,305)
(16,601)
Total assets less current liabilities
5,695 
5,899 
Creditors: amounts falling due after more than one year
750 
- 
Net assets
6,445 
5,899 
Capital and reserves
Profit and loss account
6,445 
5,899 
Shareholders' funds
6,445 
5,899 
For the year ending 31 January 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 her 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 17 October 2023 and were signed on its behalf by
Claire Watson Director Company Registration No. 13110208
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Watsons Fabrics Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Watsons Fabrics Ltd is a private company, limited by shares, registered in England and Wales, registration number 13110208. The registered office is 29 RECTORY LANE, BYFLEET, WEST BYFLEET, KT14 7LW, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2022
30,000 
At 31 January 2023
30,000 
Amortisation
At 1 February 2022
7,500 
Charge for the year
7,500 
At 31 January 2023
15,000 
Net book value
At 31 January 2023
15,000 
At 31 January 2022
22,500 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
(75)
(15)
Amounts falling due after more than one year
Accrued income and prepayments
- 
750 
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Watsons Fabrics Ltd Notes to the Accounts for the year ended 31 January 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
10,278 
Taxes and social security
127 
2,225 
Other creditors
- 
(6,491)
Loans from directors
26,925 
43,628 
27,052 
49,640 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
(750)
- 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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