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REGISTERED NUMBER: 03169734 (England and Wales)
























A.R. WATSON BUILDING CONTRACTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






A.R. WATSON BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 03169734)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


A.R. WATSON BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 03169734)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,493 51,171

CURRENT ASSETS
Stocks - 485
Debtors 5 280,176 276,963
Cash at bank 8,432 99,880
288,608 377,328
CREDITORS
Amounts falling due within one year 6 265,787 308,714
NET CURRENT ASSETS 22,821 68,614
TOTAL ASSETS LESS CURRENT LIABILITIES 61,314 119,785

CREDITORS
Amounts falling due after more than one
year

7

13,930

14,598
NET ASSETS 47,384 105,187

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 47,382 105,185
47,384 105,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

A.R. WATSON BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 03169734)

BALANCE SHEET - continued
30 SEPTEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





S A Pearce - Director


A.R. WATSON BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 03169734)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

A.R. Watson Building Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03169734

Registered office: Unit 8 Ducksbury
Off Charlton Mead Lane
Hoddesdon
Herts
EN11 0DJ

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.

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 - 20% on cost
Motor vehicles - 20% on cost

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 Profit and Loss Account, 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.

A.R. WATSON BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 03169734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 47,261 67,209 114,470
DEPRECIATION
At 1 October 2022 44,974 18,325 63,299
Charge for year 457 12,221 12,678
At 30 September 2023 45,431 30,546 75,977
NET BOOK VALUE
At 30 September 2023 1,830 36,663 38,493
At 30 September 2022 2,287 48,884 51,171

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,114 6,636
Amounts owed by group undertakings 278,603 270,327
VAT 459 -
280,176 276,963

A.R. WATSON BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 03169734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 4,005 4,005
Trade creditors 4,803 46,244
Corporation tax - 5,095
Social security and other taxes 4,595 1,209
Other creditors 252,384 252,161
265,787 308,714

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 13,930 14,598

8. RELATED PARTY DISCLOSURES

During the year, Mr Pearce (Director) loaned the company money with no set repayment date. At the year end the amount owed to the director was £161 (2021: £327).

Also during the year, Mr Pearce did not receive dividends from the company in accordance with his shareholding (2022: £Nil). During the year the company had trading, at normal trading terms, with AR Watson Ltd, a company in which director S A Pearce is a shareholder and director. The consultancy fees for the year were £6152 (2022: £251,443). At the year end the company owed AR Watson £Nil (2022: £Nil). At the year end AR Watson Ltd owed the company £180,770 (2022: £181,828).

During the year there is an amount due from Pearce Hayter Developments ltd, of which S A Pearce is a shareholder and director, of £97,832 (2022: £54,371).

9. ULTIMATE CONTROLLING PARTY

Mr S Pearce and Mrs G Pearce control the company, each holding 50% of the ordinary issued share capital.