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Registered number: 06477376

Watts Construction & Maintenance Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024

Prepared By:
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

Watts Construction & Maintenance Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
DIRECTORS
B Watts
SECRETARY
H Watts
REGISTERED OFFICE
31-32 High Street
Wellingborough
Northants
NN8 4HL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06477376
ACCOUNTANTS
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

Watts Construction & Maintenance Limited

ACCOUNTS
FOR THEYEARENDED31/01/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Watts Construction & Maintenance Limited

BALANCE SHEET AT 31/01/2024
20242023
Notes££
FIXED ASSETS
Tangible assets26,5628,748
CURRENT ASSETS
Stock-18,000
Debtors424,91731,538
Cash at bank and in hand6,1376,069
31,05455,607
CREDITORS: Amounts falling due within one year524,28846,148
NET CURRENT ASSETS6,7669,459
TOTAL ASSETS LESS CURRENT LIABILITIES13,32818,207
CREDITORS: Amounts falling due after more than one year610,82917,394
PROVISIONS FOR LIABILITIES AND CHARGES81,2471,662
NET ASSETS / (LIABILITIES)1,252(849)
CAPITAL AND RESERVES
Called up share capital944
Profit and loss account1,248(853)
SHAREHOLDERS' FUNDS1,252(849)
For the year ending 31/01/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 28/10/2024 and signed on their behalf by
.............................
B Watts
Director

Watts Construction & Maintenance Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. TANGIBLE FIXED ASSETS
CommercialFixtures
Vehiclesand FittingsTotal
£££
Cost
At 01/02/202329,6935,86535,558
At 31/01/202429,6935,86535,558
Depreciation
At 01/02/202320,9455,86526,810
For the year2,186-2,186
At 31/01/202423,1315,86528,996
Net Book Amounts
At 31/01/20246,562-6,562
At 31/01/20238,748-8,748

Watts Construction & Maintenance Limited

3. STOCK 20242023
££
Stock comprises:
Work in progress-18,000
-18,000
4. DEBTORS 20242023
££
Amounts falling due within one year
Other debtors1,5001,500
Prepayments-2,637
Directors current account23,41727,401
24,91731,538
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax2,4712,781
VAT1,1421,269
PAYE control3,1503,654
Bank Loan6,0765,445
Credit card7,12015,490
Trade creditors3,19916,406
Accruals1,1301,103
24,28846,148
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr10,82917,394
10,82917,394

Watts Construction & Maintenance Limited

7. EMPLOYEES
20242023
No.No.
Average number of employees11
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation1,2471,662
1,2471,662
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
1 Class B shares of £1 each11
1 Class C shares of £1 each11
44