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REGISTERED NUMBER: 05340443 (England and Wales)











Unaudited Financial Statements for the Year Ended 31 January 2024

for

Watts with the Delivery Ltd

Watts with the Delivery Ltd (Registered number: 05340443)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Watts with the Delivery Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: F J Watts
Mrs C A Watts
B J Watts





SECRETARY: Mrs C A Watts





REGISTERED OFFICE: 2 Toomers Wharf
Canal Walk
Newbury
Berkshire
RG14 1DY





REGISTERED NUMBER: 05340443 (England and Wales)





ACCOUNTANTS: E J Business Consultants Ltd
2 Toomers Wharf
Canal Walk
Newbury
Berkshire
RG14 1DY

Watts with the Delivery Ltd (Registered number: 05340443)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,468 45,234

CURRENT ASSETS
Stocks 9,264 10,150
Debtors 5 34,677 78,830
Cash at bank and in hand 17,724 11,453
61,665 100,433
CREDITORS
Amounts falling due within one year 6 55,952 44,044
NET CURRENT ASSETS 5,713 56,389
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,181

101,623

CREDITORS
Amounts falling due after more than one
year

7

(11,754

)

(23,686

)

PROVISIONS FOR LIABILITIES (6,739 ) (6,565 )
NET ASSETS 22,688 71,372

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 22,587 71,271
SHAREHOLDERS' FUNDS 22,688 71,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Watts with the Delivery Ltd (Registered number: 05340443)

Balance Sheet - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





F J Watts - Director


Watts with the Delivery Ltd (Registered number: 05340443)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Watts with the Delivery Ltd 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% 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 Income Statement, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

Watts with the Delivery Ltd (Registered number: 05340443)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 10,439 4,560 91,011 3,943 109,953
Additions 667 1,500 - - 2,167
Disposals (260 ) - - - (260 )
At 31 January 2024 10,846 6,060 91,011 3,943 111,860
DEPRECIATION
At 1 February 2023 8,529 2,038 51,100 3,052 64,719
Charge for year 693 1,005 9,978 222 11,898
Eliminated on disposal (225 ) - - - (225 )
At 31 January 2024 8,997 3,043 61,078 3,274 76,392
NET BOOK VALUE
At 31 January 2024 1,849 3,017 29,933 669 35,468
At 31 January 2023 1,910 2,522 39,911 891 45,234

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 23,311 73,015
Other debtors 72 522
Directors' loan accounts 9,406 3,983
Prepayments and accrued income 1,888 1,310
34,677 78,830

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,535 10,000
Trade creditors 1,526 3,055
Tax 13,651 11,684
Social security and other taxes 17,680 9,407
Other creditors 4,254 5,158
Accruals and deferred income 8,306 4,740
55,952 44,044

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 1,754 13,686
11,754 23,686

Watts with the Delivery Ltd (Registered number: 05340443)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
F J Watts and Mrs C A Watts
Balance outstanding at start of year 3,983 1,992
Amounts advanced 13,423 16,347
Amounts repaid (8,000 ) (14,356 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,406 3,983

9. ULTIMATE CONTROLLING PARTY

The controlling party is F J Watts.