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REGISTERED NUMBER: 00417351 (England and Wales)















Financial Statements

for the Year Ended 28 February 2023

for

WATTLID LIMITED

WATTLID LIMITED (REGISTERED NUMBER: 00417351)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WATTLID LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTORS: R P Hayes
L Hayes





REGISTERED OFFICE: Lakeside Farm, Turf Lane
Cullingworth
Bradford
West Yorkshire
BD13 5JT





REGISTERED NUMBER: 00417351 (England and Wales)





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ

WATTLID LIMITED (REGISTERED NUMBER: 00417351)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 267,201 14,341

CURRENT ASSETS
Debtors 5 31,192 79,937
Cash at bank 1,398,044 2,032,262
1,429,236 2,112,199
CREDITORS
Amounts falling due within one year 6 693,042 1,211,282
NET CURRENT ASSETS 736,194 900,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,003,395

915,258

CREDITORS
Amounts falling due after more than one
year

7

(16,000

)

(16,000

)

PROVISIONS FOR LIABILITIES (22,470 ) (237 )
NET ASSETS 964,925 899,021

CAPITAL AND RESERVES
Called up share capital 64,000 64,000
Capital redemption reserve 1,000 1,000
Retained earnings 899,925 834,021
SHAREHOLDERS' FUNDS 964,925 899,021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

WATTLID LIMITED (REGISTERED NUMBER: 00417351)

Balance Sheet - continued
28 February 2023


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 19 October 2023 and were signed on its behalf by:





L Hayes - Director


WATTLID LIMITED (REGISTERED NUMBER: 00417351)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Wattlid 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
Income 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.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

WATTLID LIMITED (REGISTERED NUMBER: 00417351)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 - 63,492 38,219 246 101,957
Additions 256,182 579 - - 256,761
At 28 February 2023 256,182 64,071 38,219 246 358,718
DEPRECIATION
At 1 March 2022 - 63,265 24,105 246 87,616
Charge for year - 372 3,529 - 3,901
At 28 February 2023 - 63,637 27,634 246 91,517
NET BOOK VALUE
At 28 February 2023 256,182 434 10,585 - 267,201
At 28 February 2022 - 227 14,114 - 14,341

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,147 34,704
Other debtors 17,045 45,233
31,192 79,937

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,684 129,832
Taxation and social security 9,629 2,486
Other creditors 680,729 1,078,964
693,042 1,211,282

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 16,000 16,000