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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
Page
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Watkins Payne Limited Company Information for the year ended 30 April 2024
Director
Andrew Thrower
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
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Watkins Payne Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
16,362,057 
17,271,060 
Tangible assets
223,573 
160,865 
16,585,630 
17,431,925 
Current assets
Inventories
600,000 
600,000 
Debtors
1,487,658 
1,597,967 
Cash at bank and in hand
1,033,758 
1,115,629 
3,121,416 
3,313,596 
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 
Capital and reserves
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
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Watkins Payne Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
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.
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:
Land & buildings
10%
Fixtures & fittings
10%/20%
Computer equipment
33.3%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation (over 20 years).
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.
Work In Progress
In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
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.
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Watkins Payne Limited Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
18,180,063 
At 30 April 2024
18,180,063 
Amortisation
At 1 May 2023
909,003 
Charge for the year
909,003 
At 30 April 2024
1,818,006 
Net book value
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 
Depreciation
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 
Net book value
At 30 April 2024
125,031 
24,507 
74,035 
223,573 
At 30 April 2023
117,795 
15,203 
27,867 
160,865 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,145,785 
1,201,586 
Accrued income and prepayments
341,873 
332,518 
Other debtors
- 
63,863 
1,487,658 
1,597,967 
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 
Accruals
38,906 
38,838 
985,804 
1,530,445 
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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).
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