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REGISTERED NUMBER: 13911062 (England and Wales)







Unaudited Financial Statements for the Year Ended 29 February 2024

for

Watts & Youngs Ltd
Trading as
Burgate Landscaping

Watts & Youngs Ltd (Registered number: 13911062)
Trading as Burgate Landscaping






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Watts & Youngs Ltd
Trading as Burgate Landscaping

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr P D Watts
Mr J S Youngs





SECRETARY:





REGISTERED OFFICE: 11 Burgate Lane
Framingham Earl
Norwich
Norfolk
NR14 7SG





REGISTERED NUMBER: 13911062 (England and Wales)






Watts & Youngs Ltd (Registered number: 13911062)
Trading as Burgate Landscaping

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,895 11,617

CURRENT ASSETS
Debtors 5 1,602 -
Cash at bank 52,352 38,772
53,954 38,772
CREDITORS
Amounts falling due within one year 6 43,250 49,316
NET CURRENT ASSETS/(LIABILITIES) 10,704 (10,544 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,599

1,073

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 21,597 1,071
21,599 1,073

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 & Youngs Ltd (Registered number: 13911062)
Trading as Burgate Landscaping

Balance Sheet - continued
29 February 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 4 August 2024 and were signed on its behalf by:




Mr J S Youngs - Director



Mr P D Watts - Director


Watts & Youngs Ltd (Registered number: 13911062)
Trading as Burgate Landscaping

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Watts & Youngs 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 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 & machinery - 15% reducing balance basis

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 2 (2023 - NIL ) .

Watts & Youngs Ltd (Registered number: 13911062)
Trading as Burgate Landscaping

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 March 2023 13,667
Additions 1,200
At 29 February 2024 14,867
DEPRECIATION
At 1 March 2023 2,050
Charge for year 1,922
At 29 February 2024 3,972
NET BOOK VALUE
At 29 February 2024 10,895
At 28 February 2023 11,617

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 1,602 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 5,771 9,003
Taxation and social security 16,051 14,780
Other creditors 21,428 25,533
43,250 49,316