03942073falsesystems development2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director22023-04-012024-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03942073

Watkinson Systems Development Limited

ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024

Prepared By:
Brieley Grimsdell Falconer Ltd
Chartered Tax Advisers and Accountants
The Surgery
14 Regent Street
Kimberley
Nottinghamshire
NG16 2LW

Watkinson Systems Development Limited

ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
DIRECTORS
Mr S A Watkinson
Mrs K Watkinson
SECRETARY
Mrs K Watkinson
REGISTERED OFFICE
18 Hardy Close
Kimberley
Nottinghamshire
NG16 2JW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03942073
BANKERS
Barclays Bank plc, Leicester, LE87 2BB
ACCOUNTANTS
Brieley Grimsdell Falconer Ltd
Chartered Tax Advisers and Accountants
The Surgery
14 Regent Street
Kimberley
Nottinghamshire
NG16 2LW

Watkinson Systems Development Limited

ACCOUNTS
FOR THEYEARENDED31 MARCH 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Watkinson Systems Development Limited

BALANCE SHEET AT 31 March 2024
20242023
Notes££
FIXED ASSETS
Tangible assets217,23218,658
CURRENT ASSETS
Debtors317,75454
Cash at bank and in hand9,73521,065
27,48921,119
CREDITORS: Amounts falling due within one year417,40815,849
NET CURRENT ASSETS10,0815,270
TOTAL ASSETS LESS CURRENT LIABILITIES27,31323,928
PROVISIONS FOR LIABILITIES AND CHARGES63,2743,545
NET ASSETS24,03920,383
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account23,93920,283
SHAREHOLDERS' FUNDS24,03920,383
For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 16 August 2024 and signed on their behalf by
.............................
Mr S A Watkinson
Director

Watkinson Systems Development Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 20%
Fixtures and Fittingsreducing balance 20%
Equipmentreducing balance 20%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsEquipmentTotal
££££
Cost
At 1 April 202375,2223,2803,50282,004
Additions2,881--2,881
At 31 March 202478,1033,2803,50284,885
Depreciation
At 1 April 202357,5922,3943,36063,346
For the year4,102177284,307
At 31 March 202461,6942,5713,38867,653
Net Book Amounts
At 31 March 202416,40970911417,232
At 31 March 202317,63088614218,658

Watkinson Systems Development Limited

3. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors17,75454
17,75454
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax1,5986,693
VAT2,8542,237
PAYE control5,9071,879
Directors current account4,6893,780
Other creditors1,410310
Accruals950950
17,40815,849
5. EMPLOYEES
20242023
No.No.
Average number of employees11
6. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation3,2743,545
3,2743,545

Watkinson Systems Development Limited

7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
8. CONTROLLING PARTY
The company is controlled by Mr S A Watkinson who owns 51% of the issued share capital of the company.