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REGISTERED NUMBER: 04991061 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

G. Watling Ltd

G. Watling Ltd (Registered number: 04991061)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


G. Watling Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs G Watling





SECRETARY: A Watling





REGISTERED OFFICE: 36 Wheatlands Road
Paignton
Devon
TQ4 5HU





REGISTERED NUMBER: 04991061 (England and Wales)





ACCOUNTANTS: Gawne & Co.Ltd
76 Eastwick Drive
Bookham
Leatherhead
Surrey
KT23 3NX

G. Watling Ltd (Registered number: 04991061)

Report of the Director
for the Year Ended 31 March 2024

The director presents her report with the financial statements of the company for the year ended 31 March 2024.

DIRECTOR
Mrs G Watling was the sole director during the year under review.

Her beneficial interest in the issued share capital of the company was as follows:

31.3.24 1.4.23
Ordinary £1 shares 1 1

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A Watling - Secretary


31 August 2024

G. Watling Ltd (Registered number: 04991061)

Income Statement
for the Year Ended 31 March 2024

31.3.24 31.3.23
£    £   

TURNOVER 14,714 17,617

Administrative expenses 12,698 12,968
OPERATING PROFIT and
PROFIT BEFORE TAXATION 2,016 4,649

Tax on profit 383 883
PROFIT FOR THE FINANCIAL YEAR 1,633 3,766

G. Watling Ltd (Registered number: 04991061)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1 1
1 1

CURRENT ASSETS
Debtors 6 1,196 130
Cash at bank and in hand 1,351 2,159
2,547 2,289
CREDITORS
Amounts falling due within one year 7 983 2,008
NET CURRENT ASSETS 1,564 281
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,565

282

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,564 281
SHAREHOLDERS' FUNDS 1,565 282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 31 August 2024 and were signed by:





Mrs G Watling - Director


G. Watling Ltd (Registered number: 04991061)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

G. Watling 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

G. Watling Ltd (Registered number: 04991061)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 800
AMORTISATION
At 1 April 2023
and 31 March 2024 800
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 3,015
DEPRECIATION
At 1 April 2023
and 31 March 2024 3,014
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,196 130

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Corporation tax 383 883
Accrued expenses 600 1,125
983 2,008