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Company Registration No. 00591057 (England and Wales)
Watson's Anodising Limited Unaudited accounts for the year ended 30 September 2023
Watson's Anodising Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
50,007 
71,553 
Current assets
Inventories
18,810 
24,541 
Debtors
214,334 
107,550 
Cash at bank and in hand
34,614 
161,276 
267,758 
293,367 
Creditors: amounts falling due within one year
(100,465)
(97,359)
Net current assets
167,293 
196,008 
Total assets less current liabilities
217,300 
267,561 
Provisions for liabilities
Other provisions
- 
(5,426)
Net assets
217,300 
262,135 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
217,200 
262,035 
Shareholders' funds
217,300 
262,135 
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by
C Dale Director Company Registration No. 00591057
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Watson's Anodising Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Watson's Anodising Limited is a private company, limited by shares, registered in England and Wales, registration number 00591057. The registered office is Platts Common Industrial Estate, Chambers Road Hoyland, Barnsley, S74 9SA, United Kingdom.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
over 7 years
Motor vehicles
over 4 years
Fixtures & fittings
over 7 years
Computer equipment
over 3 or 4 years
Other tangible fixed assets
over 3 years
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Presentation currency
The accounts are presented in £ sterling.
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Watson's Anodising Limited Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2022
439,082 
51,776 
71,556 
562,414 
Additions
906 
- 
924 
1,830 
Disposals
(171)
- 
- 
(171)
At 30 September 2023
439,817 
51,776 
72,480 
564,073 
Depreciation
At 1 October 2022
425,011 
9,641 
56,209 
490,861 
Charge for the year
5,686 
10,355 
7,164 
23,205 
At 30 September 2023
430,697 
19,996 
63,373 
514,066 
Net book value
At 30 September 2023
9,120 
31,780 
9,107 
50,007 
At 30 September 2022
14,071 
42,135 
15,347 
71,553 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
205,813 
95,109 
Amounts due from group undertakings etc.
(7,128)
(2,550)
Other debtors
15,649 
14,991 
214,334 
107,550 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
44,204 
38,128 
Taxes and social security
41,538 
41,173 
Other creditors
14,723 
18,058 
100,465 
97,359 
7
Average number of employees
During the year the average number of employees was 12 (2022: 12).
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