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COMPANY REGISTRATION NUMBER: 05404280
WATSTECH LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
WATSTECH LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
£
£
£
£
Fixed assets
8,532
2,794
-------
-------
Current assets
478,491
192,187
Prepayments and accrued income
3,219
2,456
---------
---------
481,710
194,643
Creditors: amounts falling due within one year
134,531
39,000
---------
---------
NET CURRENT ASSETS
347,179
155,643
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
355,711
158,437
Creditors: amounts falling due after more than one year
31,770
37,855
Accruals and deferred income
3,400
3,300
---------
---------
320,541
117,282
---------
---------
Capital and reserves
320,541
117,282
---------
---------
NOTES TO THE FINANCIAL STATEMENTS
1. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 7 (2023: 5 ).
2. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Dr K Kaur
35,000
35,000
----
--------
--------
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Dr K Kaur
----
----
----
No interest was charged on the above advance .
3. OTHER FINANCIAL COMMITMENTS
At the year end the company had total commitments under operating leases of £12,561 (2023: £22,072).
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 13 November 2024 , and are signed on behalf of the board by:
Dr K Kaur
Director
Company registration number: 05404280
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Technology Centre, Wolverhampton Science Park, Wolverhampton, WV10 9RU, West Midlands.