1 June 2023 v2024.41.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP101811692023-06-012024-05-31101811692024-05-31101811692023-05-3110181169core:WithinOneYear2024-05-3110181169core:WithinOneYear2023-05-3110181169core:AfterOneYear2024-05-3110181169core:AfterOneYear2023-05-3110181169core:ShareCapital2024-05-3110181169core:ShareCapital2023-05-3110181169core:SharePremium2024-05-3110181169core:SharePremium2023-05-3110181169core:RetainedEarningsAccumulatedLosses2024-05-3110181169core:RetainedEarningsAccumulatedLosses2023-05-3110181169bus:Director12023-06-012024-05-3110181169bus:Director22023-06-012024-05-3110181169bus:RegisteredOffice2023-06-012024-05-3110181169core:OfficeEquipment2023-06-012024-05-31101811692022-06-012023-05-3110181169core:PlantMachinery2023-06-0110181169core:PlantMachinery2023-06-012024-05-3110181169core:PlantMachinery2024-05-3110181169core:PlantMachinery2023-05-311018116912023-06-012024-05-3110181169countries:EnglandWales2023-06-012024-05-3110181169bus:AuditExempt-NoAccountantsReport2023-06-012024-05-3110181169bus:PrivateLimitedCompanyLtd2023-06-012024-05-3110181169bus:SmallEntities2023-06-012024-05-3110181169bus:FullAccounts2023-06-012024-05-31
Company registration number:
10181169
Watching That Limited
Unaudited Filleted Financial Statements for the year ended
31 May 2024
Watching That Limited
Statement of Financial Position
31 May 2024
20242023
Note££
Fixed assets    
Tangible assets 5
3,626
 
4,758
 
Current assets    
Debtors 6
244,286
 
291,361
 
Cash at bank and in hand
65,764
 
49,913
 
310,050
 
341,274
 
Creditors: amounts falling due within one year 7
(674,337
)
(501,102
)
Net current liabilities
(364,287
)
(159,828
)
Total assets less current liabilities (360,661 ) (155,070 )
Creditors: amounts falling due after more than one year 8
(12,161
)
(21,547
)
Net liabilities
(372,822
)
(176,617
)
Capital and reserves    
Called up share capital
19,140
 
18,467
 
Share premium
1,434,341
 
1,244,214
 
Profit and loss account
(1,826,303
)
(1,439,298
)
Shareholders deficit
(372,822
)
(176,617
)
For the year ending
31 May 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
9 September 2024
, and are signed on behalf of the board by:
C Church
J West
DirectorDirector
Company registration number:
10181169
Watching That Limited
Notes to the Financial Statements
Year ended
31 May 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Bramhall House, 14 Ack Lane East
,
Bramhall
,
Stockport
,
SK7 2BY
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
33% straight line

4 Average number of employees

The average number of persons employed by the company during the year was
4
(2023:
5.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 June 2023
8,853
 
Additions
2,775
 
At
31 May 2024
11,628
 
Depreciation  
At
1 June 2023
4,095
 
Charge
3,907
 
At
31 May 2024
8,002
 
Carrying amount  
At
31 May 2024
3,626
 
At 31 May 2023
4,758
 

6 Debtors

20242023
££
Trade debtors
31,441
 
69,791
 
Other debtors
212,845
 
221,570
 
244,286
 
291,361
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
88,732
 
64,724
 
Trade creditors
58,386
 
53,224
 
Taxation and social security
25,108
 
9,991
 
Other creditors
502,111
 
373,163
 
674,337
 
501,102
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
12,161
 
21,547