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Watts Consulting Services Ltd
Registered Number:13978369
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Watts Consulting Services Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
13978369
As at 31 March 2024
Watts Consulting Services Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,065
418
2
1,065
418
Current assets
Trade and other receivables
354
2,519
3
3,350
Cash and cash equivalents
4,438
6,957
3,704
Trade and other payables: amounts falling due within one
year
(3,424)
(6,976)
4
280
(19)
Net current liabilities
Total assets less current liabilities
1,046
698
1,046
Net assets
698
Capital and reserves
Called up share capital
200
200
Retained earnings
846
498
1,046
698
Shareholders' funds
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.
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 his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Kyle Watts Director
Yvette Watts Director
These financial statements were approved and authorised for issue by the Board on 04 October 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
Watts Consulting Services Ltd
Notes to the Financial Statements
Statutory Information
Watts Consulting Services Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 13978369.
Registered address:
22 South Ridge
Billericay
Essex
CM11 2ER
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
Property, plant and equipment
Property, plant and equipment, 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:
Plant and Machinery
15% Reducing balance
2. Property, plant and equipment
Plant and
Machinery
£
Cost or
valuation
At 01 April 2023
492
835
Additions
At 31 March 2024
1,327
Provision for depreciation and impairment
At 01 April 2023
74
Charge for year
188
At 31 March 2024
262
At 31 March 2024
Net book value
1,065
At 31 March 2023
418
3. Trade and other receivables
2023
2024
£
£
Called up share capital not paid
200
200
Other debtors
2,319
154
354
2,519
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5
For the year ended 31 March 2024
Watts Consulting Services Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
6,400
3,004
Accruals and deferred income
576
420
6,976
3,424
5. Related party transactions
The company is jointly controlled by the Directors who hold 100% of the voting rights of the company in equal
proportions.
During the period the Director Yvette Watts received interim dividends in the sum of £27,290 (2023: £12,875) in
respect of her equity shareholding in the company.
6. Directors advances and guarantees
At 01/04/2023
Loaned
At 31/03/2024
£
£
£
Kyle Watts
Director Loan - Interest free
1,611
-
1,611
1,611
-
1,611
Yvette Watts
Director Loan Advance - Interest Free
708
154
554
708
154
554
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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