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Company Registration No. 10466548 (England and Wales)
WATCHSTRAPSON LTD Unaudited accounts for the year ended 30 November 2023
WATCHSTRAPSON LTD Unaudited accounts Contents
Page
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WATCHSTRAPSON LTD Company Information for the year ended 30 November 2023
Director
Antonio Menassa Yousef
Company Number
10466548 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
Accountants
Evenstone Ltd Boston House Downsview Road Wantage Oxfordshire OX12 9FF
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WATCHSTRAPSON LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
- 
44 
Creditors: amounts falling due within one year
(24,448)
(24,492)
Net current liabilities
(24,448)
(24,448)
Net liabilities
(24,448)
(24,448)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(24,449)
(24,449)
Shareholders' funds
(24,448)
(24,448)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 1 August 2024 and were signed on its behalf by
Antonio Menassa Yousef Director Company Registration No. 10466548
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WATCHSTRAPSON LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
WATCHSTRAPSON LTD is a private company, limited by shares, registered in England and Wales, registration number 10466548. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
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.
Presentation currency
The accounts are presented in £ sterling.
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.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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
2 Years
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WATCHSTRAPSON LTD Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2022
432 
At 30 November 2023
432 
Depreciation
At 1 December 2022
432 
At 30 November 2023
432 
Net book value
At 30 November 2023
- 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
24,448 
24,492 
The loan from the Director is interest free and repayable on demand.
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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