Company Registration No. 00332398 (England and Wales)
F.P.WATSON LIMITED
Unaudited accounts
for the year ended 31 January 2024
F.P.WATSON LIMITED
Unaudited accounts
Contents
F.P.WATSON LIMITED
Company Information
for the year ended 31 January 2024
Directors
Mustafa Hakimudin BHAIJI
Hau Wee LIM
Yew Huey THONG
Company Number
00332398 (England and Wales)
Registered Office
68 FRIAR GATE
DERBY
DE1 1FP
ENGLAND
F.P.WATSON LIMITED
Statement of financial position
as at 31 January 2024
Intangible assets
404,325
404,325
Tangible assets
14,631
15,296
Inventories
168,920
101,141
Cash at bank and in hand
83,091
38,876
Creditors: amounts falling due within one year
(718,105)
(577,578)
Net current liabilities
(402,391)
(392,621)
Called up share capital
2,250
2,250
Profit and loss account
14,315
24,750
Shareholders' funds
16,565
27,000
For the year ending 31 January 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by
Hau Wee LIM
Director
Company Registration No. 00332398
F.P.WATSON LIMITED
Notes to the Accounts
for the year ended 31 January 2024
F.P.WATSON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 00332398. The registered office is 68 FRIAR GATE, DERBY, DE1 1FP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Reducing Balance Method
Plant & machinery
15% Straight Line Method
Motor vehicles
20% Straight Line Method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 February 2023
404,325
At 31 January 2024
404,325
At 31 January 2024
404,325
At 31 January 2023
404,325
F.P.WATSON LIMITED
Notes to the Accounts
for the year ended 31 January 2024
5
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
Trade debtors
31,850
29,554
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
186,994
170,874
Loans from directors
531,111
404,325
8
Average number of employees
During the year the average number of employees was 9 (2023: 9).