Registered number: 03942073 | ||||||||
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 | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Nottinghamshire | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 3 | |||||||||
Cash at bank and in hand | ||||||||||
27,489 | 21,119 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | |||||||||
NET CURRENT ASSETS | 5,270 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 6 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Profit and loss account | 23,939 | 20,283 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
Plant and Machinery | reducing balance 20% | |||||||
Fixtures and Fittings | reducing balance 20% | |||||||
Equipment | reducing 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 and | Fixtures | |||||||
Machinery | and Fittings | Equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 April 2023 | 75,222 | 3,280 | 3,502 | 82,004 | ||||
Additions | 2,881 | - | - | 2,881 | ||||
At 31 March 2024 | 78,103 | 3,280 | 3,502 | 84,885 | ||||
Depreciation | ||||||||
At 1 April 2023 | 57,592 | 2,394 | 3,360 | 63,346 | ||||
For the year | 4,102 | 177 | 28 | 4,307 | ||||
At 31 March 2024 | 61,694 | 2,571 | 3,388 | 67,653 | ||||
Net Book Amounts | ||||||||
At 31 March 2024 | 17,232 | |||||||
At 31 March 2023 | 18,658 | |||||||
Watkinson Systems Development Limited | ||||||||
3. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 17,754 | 54 | ||||||
17,754 | 54 | |||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 1,598 | 6,693 | ||||||
VAT | 2,854 | 2,237 | ||||||
PAYE control | 5,907 | 1,879 | ||||||
Directors current account | 4,689 | 3,780 | ||||||
Other creditors | 1,410 | 310 | ||||||
Accruals | 950 | 950 | ||||||
17,408 | 15,849 | |||||||
5. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
6. PROVISIONS FOR LIABILITIES | 2024 | 2023 | ||||||
£ | £ | |||||||
Deferred taxation | 3,274 | 3,545 | ||||||
3,274 | 3,545 | |||||||
Watkinson Systems Development Limited | ||||||||
7. SHARE CAPITAL | 2024 | 2023 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
8. CONTROLLING PARTY | ||||||||
The company is controlled by Mr S A Watkinson who owns 51% of the issued share capital of the company. | ||||||||