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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
Page
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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
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F.P.WATSON LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
404,325 
404,325 
Tangible assets
14,631 
15,296 
418,956 
419,621 
Current assets
Inventories
168,920 
101,141 
Debtors
63,703 
44,940 
Cash at bank and in hand
83,091 
38,876 
315,714 
184,957 
Creditors: amounts falling due within one year
(718,105)
(577,578)
Net current liabilities
(402,391)
(392,621)
Net assets
16,565 
27,000 
Capital and reserves
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
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F.P.WATSON LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
404,325 
At 31 January 2024
404,325 
Amortisation
At 1 February 2023
- 
At 31 January 2024
- 
Net book value
At 31 January 2024
404,325 
At 31 January 2023
404,325 
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F.P.WATSON LIMITED Notes to the Accounts for the year ended 31 January 2024
5
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 February 2023
15,961 
At 31 January 2024
15,961 
Depreciation
At 1 February 2023
665 
Charge for the year
665 
At 31 January 2024
1,330 
Net book value
At 31 January 2024
14,631 
At 31 January 2023
15,296 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
31,853 
15,386 
Trade debtors
31,850 
29,554 
63,703 
44,940 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
186,994 
170,874 
Loans from directors
531,111 
404,325 
Accruals
- 
2,379 
718,105 
577,578 
8
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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