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Registered Number: 04847100
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 March 2024

for

B & M WATSON LTD

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 58,617    83,851 
Investments 4 3,850    3,728 
62,467    87,579 
Current assets      
Stocks 21,497    26,250 
Debtors 348,615    78,309 
Cash at bank and in hand 225,118    108,844 
595,230    213,403 
Creditors: amount falling due within one year (590,901)   (77,373)
Net current assets 4,329    136,030 
 
Total assets less current liabilities 66,796    223,609 
Creditors: amount falling due after more than one year   (93,864)
Net assets 66,796    129,745 
 

Capital and reserves
     
Called up share capital 1,000    1,000 
Profit and loss account 65,796    128,745 
Shareholders' funds 66,796    129,745 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 12 September 2024 and were signed on its behalf by:


-------------------------------
Bryan Watson
Director
1
General Information
B & M Watson Ltd is a private company, limited by shares, registered in England and Wales, registration number 04847100, registration address 17 A Yorkersgate , Malton , North Yorkshire, YO17 7AA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 4% Straight Line
Plant and Machinery 25% Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 6 (2023 : 6).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Total
  £   £   £
At 01 April 2023 274,569    155,005    429,574 
Additions   115    115 
Disposals    
At 31 March 2024 274,569    155,120    429,689 
Depreciation
At 01 April 2023 211,251    134,472    345,723 
Charge for year 10,983    14,366    25,349 
On disposals    
At 31 March 2024 222,234    148,838    371,072 
Net book values
Closing balance as at 31 March 2024 52,335    6,282    58,617 
Opening balance as at 01 April 2023 63,318    20,533    83,851 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 April 2023 3,728    3,728 
Additions 122    122 
Transfer to/from tangible fixed assets  
Disposals  
At 31 March 2024 3,850    3,850 

2