Company Registration No. 13603234 (England and Wales)
WATT DIGITAL LTD
Unaudited accounts
for the year ended 31 March 2024
WATT DIGITAL LTD
Unaudited accounts
Contents
WATT DIGITAL LTD
Company Information
for the year ended 31 March 2024
Company Number
13603234 (England and Wales)
Registered Office
FLAT 61, 6, CANTERBURY HOUSE SYDENHAM RO
CROYDON
CR0 9BL
UNITED KINGDOM
WATT DIGITAL LTD
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
10,527
29,097
Creditors: amounts falling due within one year
(10,373)
(26,455)
Net current assets
154
2,642
Called up share capital
1
1
Profit and loss account
483
3,168
Shareholders' funds
484
3,169
For the year ending 31 March 2024 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 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 and authorised for issue on 11 April 2024 and were signed on its behalf by
Fraser Watt
Director
Company Registration No. 13603234
WATT DIGITAL LTD
Notes to the Accounts
for the year ended 31 March 2024
WATT DIGITAL LTD is a private company, limited by shares, registered in England and Wales, registration number 13603234. The registered office is FLAT 61, 6, CANTERBURY HOUSE SYDENHAM RO, CROYDON, CR0 9BL, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Revenue, described as turnover is the value of services, net of VAT and discounts, provided to customers during the year.
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
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:
Computer equipment
25% per annum straight line
4
Tangible fixed assets
Computer equipment
WATT DIGITAL LTD
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
9,241
23,829
Loans from directors
68
2,103
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).