1 August 2022 false No description of principal activity Taxfiler 2024.1 SC566760business:PrivateLimitedCompanyLtd2022-08-012023-07-31 SC5667602022-07-31 SC5667602022-08-012023-07-31 SC566760business:AuditExempt-NoAccountantsReport2022-08-012023-07-31 SC566760business:FilletedAccounts2022-08-012023-07-31 SC5667602023-07-31 SC5667602022-07-31 SC566760core:WithinOneYear2023-07-31 SC566760core:WithinOneYear2022-07-31 SC566760countries:Scotland2022-08-012023-07-31 SC566760business:RegisteredOffice2022-08-012023-07-31 SC5667602021-08-012022-07-31 SC566760business:Micro-entities2022-08-012023-07-31 SC566760business:Director12022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. SC566760 (Scotland)
F & R Watson Accountants Limited Unaudited filleted financial statements for the year ended 31 July 2023
F & R Watson Accountants Limited Statement of Financial Position as at 31 July 2023
2023 
2022 
£ 
£ 
Fixed assets
855 
390 
Current assets
10,477 
25,720 
Prepayments and accrued income
26,401 
18,491 
Creditors: amounts falling due within one year
(24,650)
(21,435)
Net current assets
12,228 
22,776 
Total assets less current liabilities
13,083 
23,166 
Accruals and deferred income
(1,400)
(1,900)
Net assets
11,683 
21,266 
Capital and reserves
11,683 
21,266 
NOTES TO THE ACCOUNTS
1 Statutory information
F & R Watson Accountants Limited is a private company, limited by shares, registered in Scotland, registration number SC566760. The registered office is 16 Kirk Brae, Maybole, South Ayrshire, KA19 7ER, Scotland.
2 Director's advances, credit and guarantees
The company had an opening director's loan balance of £10,017 (2022: £14,426). During the year the company received repayments of £10,017 (2022: £4,409) and there was nothing outstanding at the year end. The loan was unsecured, repayable on demand and the interest rate charged was 3%.
3 Guarantees and other financial commitments
The company operated a defined contribution pension scheme that was open to all employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date, unpaid contributions of £61 (2022: £61) were due to the fund. They are included in creditors due within one year.
4 Average number of employees
During the year the average number of employees was 2 (2022: 2).
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F & R Watson Accountants Limited Statement of Financial Position as at 31 July 2023 (continued)
For the year ending 31 July 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 10 April 2024
Mr F Watson Director Company Registration No. SC566760
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