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
Tangible assets
50,007
71,553
Cash at bank and in hand
34,614
161,276
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
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
Watson's Anodising Limited
Notes to the Accounts
for the year ended 30 September 2023
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.
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.
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
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.
The accounts are presented in £ sterling.
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
At 30 September 2023
439,817
51,776
72,480
564,073
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
At 30 September 2023
9,120
31,780
9,107
50,007
At 30 September 2022
14,071
42,135
15,347
71,553
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
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
7
Average number of employees
During the year the average number of employees was 12 (2022: 12).