Company registration number SC622251 (Scotland)
WILLIAM WATSON & SONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023
PAGES FOR FILING WITH REGISTRAR
WILLIAM WATSON & SONS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet and notes to the financial statements
2 - 3
WILLIAM WATSON & SONS LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF WILLIAM WATSON & SONS LIMITED
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of William Watson & Sons Limited for the year ended 28 February 2023, which comprise the balance sheet, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the ICAS we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.
This report is made solely to the board of directors of William Watson & Sons Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of William Watson & Sons Limited and state those matters that we have agreed to state to the board of directors of William Watson & Sons Limited, as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/professional-resources/practice/support-and-guidance/framework-for-the-preparation-of-accounts-revised-january-2017. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than William Watson & Sons Limited and its board of directors as a body, for our work or for this report.
It is your duty to ensure that William Watson & Sons Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that William Watson & Sons Limited is exempt from the statutory audit requirement for the year.
MMG Chartered Accountants
Chartered Accountants
6 November 2023
4 Albert Place
PERTH
PH2 8JE
WILLIAM WATSON & SONS LIMITED
BALANCE SHEET
AS AT 28 FEBRUARY 2023
28 February 2023
- 2 -
2023
2022
£
£
£
£
Fixed assets
283,985
283,985
Current assets
54,378
57,507
Prepayments and accrued income
2,355
949
Creditors: amounts falling due within one year
(147,587)
(191,522)
Net current liabilities
(90,854)
(133,066)
Total assets less current liabilities
193,131
150,919
Net assets
193,131
150,919
Capital and reserves
193,131
150,919
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
1
1
WILLIAM WATSON & SONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023
28 February 2023
- 3 -
William Watson & Sons Limited is a private company limited by shares incorporated in Scotland. The registered office is The Croft, Forgandenny, PERTH, PH2 9EL.
For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 6 November 2023
G B Kerr Watson
Director
Company Registration Number SC622251