Company Registration No. 13527263 (England and Wales)
Watkins Payne Limited
Unaudited accounts
for the year ended 30 April 2024
Watkins Payne Limited
Unaudited accounts
Contents
Watkins Payne Limited
Company Information
for the year ended 30 April 2024
Company Number
13527263 (England and Wales)
Registered Office
Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
United Kingdom
Accountants
Wellden Turnbull Limited
Albany House
Claremont Lane
Esher
Surrey
KT10 9FQ
Watkins Payne Limited
Statement of financial position
as at 30 April 2024
Intangible assets
16,362,057
17,271,060
Tangible assets
223,573
160,865
Inventories
600,000
600,000
Debtors
1,487,658
1,597,967
Cash at bank and in hand
1,033,758
1,115,629
Creditors: amounts falling due within one year
(985,804)
(1,530,445)
Net current assets
2,135,612
1,783,151
Total assets less current liabilities
18,721,242
19,215,076
Creditors: amounts falling due after more than one year
(574,029)
(574,029)
Net assets
18,147,213
18,641,047
Called up share capital
100
100
Profit and loss account
18,147,113
18,640,947
Shareholders' funds
18,147,213
18,641,047
For the year ending 30 April 2024 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 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 30 August 2024 and were signed on its behalf by
Andrew Thrower
Director
Company Registration No. 13527263
Watkins Payne Limited
Notes to the Accounts
for the year ended 30 April 2024
Watkins Payne Limited is a private company, limited by shares, registered in England and Wales, registration number 13527263. The registered office is Albany House, Claremont Lane, Esher, Surrey, KT10 9FQ, 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.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
10%/20%
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation (over 20 years).
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.
In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Watkins Payne Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Intangible fixed assets
Goodwill
At 30 April 2024
18,180,063
Charge for the year
909,003
At 30 April 2024
1,818,006
At 30 April 2024
16,362,057
At 30 April 2023
17,271,060
5
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
181,544
18,412
163,525
363,481
Additions
23,799
12,164
64,325
100,288
At 30 April 2024
205,343
30,576
227,850
463,769
At 1 May 2023
63,749
3,209
135,658
202,616
Charge for the year
16,563
2,860
18,157
37,580
At 30 April 2024
80,312
6,069
153,815
240,196
At 30 April 2024
125,031
24,507
74,035
223,573
At 30 April 2023
117,795
15,203
27,867
160,865
Amounts falling due within one year
Trade debtors
1,145,785
1,201,586
Accrued income and prepayments
341,873
332,518
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
229,424
181,488
Taxes and social security
695,833
969,280
Other creditors
21,641
340,839
Watkins Payne Limited
Notes to the Accounts
for the year ended 30 April 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
574,029
574,029
9
Average number of employees
During the year the average number of employees was 46 (2023: 45).