IRIS Accounts Production v23.3.1.45 01002046 director 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010020462022-06-30010020462023-06-30010020462022-07-012023-06-30010020462021-06-30010020462021-07-012022-06-30010020462022-06-3001002046ns10:Originalns15:EnglandWales2022-07-012023-06-3001002046ns14:PoundSterlingns10:Original2022-07-012023-06-3001002046ns10:Originalns10:Director12022-07-012023-06-3001002046ns10:Original2022-07-012023-06-3001002046ns10:Original2023-06-3001002046ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3001002046ns10:Originalns10:SmallEntities2022-07-012023-06-3001002046ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3001002046ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3001002046ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3001002046ns10:Originalns10:FullAccounts2022-07-012023-06-3001002046ns10:Originalns10:RegisteredOffice2022-07-012023-06-3001002046ns10:Original2022-06-3001002046ns10:Originalns5:CurrentFinancialInstruments2023-06-3001002046ns10:Originalns5:CurrentFinancialInstruments2022-06-3001002046ns5:ShareCapitalns10:Original2023-06-3001002046ns5:ShareCapitalns10:Original2022-06-3001002046ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3001002046ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3001002046ns10:Originalns5:FurnitureFittings2022-07-012023-06-3001002046ns10:Originalns5:ComputerEquipment2022-07-012023-06-3001002046ns10:Original2021-07-012022-06-3001002046ns10:Originalns5:FurnitureFittings2022-06-3001002046ns10:Originalns5:ComputerEquipment2022-06-3001002046ns10:Original2022-06-3001002046ns10:Originalns5:FurnitureFittings2023-06-3001002046ns10:Originalns5:ComputerEquipment2023-06-3001002046ns10:Originalns5:FurnitureFittings2022-06-3001002046ns10:Originalns5:ComputerEquipment2022-06-3001002046ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3001002046ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 01002046 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

WATSON, LITTLE LIMITED

WATSON, LITTLE LIMITED (REGISTERED NUMBER: 01002046)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WATSON, LITTLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTOR: J R Wills



REGISTERED OFFICE: 83 Cambridge Street
London
SW1V 4PS



REGISTERED NUMBER: 01002046 (England and Wales)



ACCOUNTANTS: George Hay & Company
Chartered Accountants
83 Cambridge Street
London
SW1V 4PS



BANKERS: Lloyds TSB Bank plc
4th Floor Hay's Lane House
1 Hay's Lane
London
SE1 2HA

WATSON, LITTLE LIMITED (REGISTERED NUMBER: 01002046)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,340 2,145

CURRENT ASSETS
Debtors 5 9,158 11,649
Cash at bank 196,999 216,671
206,157 228,320
CREDITORS
Amounts falling due within one year 6 129,119 128,965
NET CURRENT ASSETS 77,038 99,355
TOTAL ASSETS LESS CURRENT
LIABILITIES

78,378

101,500

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 78,278 101,400
SHAREHOLDERS' FUNDS 78,378 101,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th November 2023 and were signed by:





J R Wills - Director


WATSON, LITTLE LIMITED (REGISTERED NUMBER: 01002046)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Watson, Little 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.
Fixtures and fittings - 25% reducing balance
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

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 8 (2022 - 6 ) .

WATSON, LITTLE LIMITED (REGISTERED NUMBER: 01002046)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st July 2022 3,000 10,573 13,573
Additions - 341 341
At 30th June 2023 3,000 10,914 13,914
DEPRECIATION
At 1st July 2022 2,836 8,592 11,428
Charge for year 41 1,105 1,146
At 30th June 2023 2,877 9,697 12,574
NET BOOK VALUE
At 30th June 2023 123 1,217 1,340
At 30th June 2022 164 1,981 2,145

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 2,024
Prepayments 9,158 9,625
9,158 11,649

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 2,724 9,526
VAT 3,908 5,067
Amounts held on behalf of clients 82,314 94,821
Directors' current accounts 30,000 6,500
Creditors & accrued expenses 10,173 13,051
129,119 128,965