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REGISTERED NUMBER: 07694084 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2023

FOR

WATCHMAN (OZONE) LIMITED

WATCHMAN (OZONE) LIMITED (REGISTERED NUMBER: 07694084)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WATCHMAN (OZONE) LIMITED

COMPANY INFORMATION
for the Year Ended 31st July 2023







DIRECTOR: Mr K Bullman





REGISTERED OFFICE: 50 Icon Centre Eastern Way
Daventry
Northamptonshire
NN11OQB





REGISTERED NUMBER: 07694084 (England and Wales)





ACCOUNTANTS: SAS Accountant Ltd t/as OJW Associates
16 Hennals Avenue
Webheath
Redditch
Worcestershire
B97 5RX

WATCHMAN (OZONE) LIMITED (REGISTERED NUMBER: 07694084)

BALANCE SHEET
31st July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,502 35,253
Tangible assets 5 9,298 12,396
32,800 47,649

CURRENT ASSETS
Stocks 6 48,356 39,989
Debtors 7 45,889 58,644
Cash at bank 1,026 4,778
95,271 103,411
CREDITORS
Amounts falling due within one year 8 87,699 92,573
NET CURRENT ASSETS 7,572 10,838
TOTAL ASSETS LESS CURRENT LIABILITIES 40,372 58,487

CREDITORS
Amounts falling due after more than one
year

9

98,996

107,590
NET LIABILITIES (58,624 ) (49,103 )

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings (58,724 ) (49,203 )
SHAREHOLDERS' FUNDS (58,624 ) (49,103 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

WATCHMAN (OZONE) LIMITED (REGISTERED NUMBER: 07694084)

BALANCE SHEET - continued
31st July 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th July 2024 and were signed by:





Mr K Bullman - Director


WATCHMAN (OZONE) LIMITED (REGISTERED NUMBER: 07694084)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st July 2023


1. STATUTORY INFORMATION

Watchman (Ozone) 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual property are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.


WATCHMAN (OZONE) LIMITED (REGISTERED NUMBER: 07694084)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Intellectual
property
£   
COST
At 1st August 2022
and 31st July 2023 58,755
AMORTISATION
At 1st August 2022 23,502
Amortisation for year 11,751
At 31st July 2023 35,253
NET BOOK VALUE
At 31st July 2023 23,502
At 31st July 2022 35,253

WATCHMAN (OZONE) LIMITED (REGISTERED NUMBER: 07694084)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2023


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st August 2022
and 31st July 2023 20,150 2,953 1,624 24,727
DEPRECIATION
At 1st August 2022 8,816 1,891 1,624 12,331
Charge for year 2,833 265 - 3,098
At 31st July 2023 11,649 2,156 1,624 15,429
NET BOOK VALUE
At 31st July 2023 8,501 797 - 9,298
At 31st July 2022 11,334 1,062 - 12,396

6. STOCKS
2023 2022
£    £   
Finished goods 48,356 39,989

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 12,261 15,289
Directors' loan accounts - 11,234
Deferred tax asset
Tax losses carried forward 33,628 32,121
45,889 58,644

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 9,996 9,996
Trade creditors 32,020 47,097
Social security and other taxes - 42
VAT 12,098 15,021
Other creditors 29,732 19,349
Directors' loan accounts 2,785 -
Accrued expenses 1,068 1,068
87,699 92,573

WATCHMAN (OZONE) LIMITED (REGISTERED NUMBER: 07694084)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st July 2023


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 10) 29,731 33,325
Other creditors 69,265 74,265
98,996 107,590

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,996 9,996

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,996 9,996

Amounts falling due between two and five years:
Bank loans - 2-5 years 19,735 23,329

11. DEFERRED TAX
£   
Balance at 1st August 2022 (32,121 )
Provided during year (1,507 )
Balance at 31st July 2023 (33,628 )

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100