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REGISTERED NUMBER: SC562756 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Watsons Bakery (Scot) Limited

Watsons Bakery (Scot) Limited (Registered number: SC562756)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountant 5

Watsons Bakery (Scot) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr W McBean
Mr G P McBean



REGISTERED OFFICE: Unit 4
Station Road
Renfrew
Renfrewshire
PA4 8RA



REGISTERED NUMBER: SC562756 (Scotland)



ACCOUNTANT: Braehead Accountants & Taxation Services Ltd
Unit 4
Station Road Ind Estate
Station Crescent
Renfrew
Renfrewshire
PA4 8RA



BANKERS: Bank of Scotland
Bridgewater Shopping Centre
Erskine
Renfrewshire
PA8 7AA

Watsons Bakery (Scot) Limited (Registered number: SC562756)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,741 24,220

CURRENT ASSETS
Stocks 2,030 1,970
Debtors 5 345 834
Cash at bank and in hand 101,003 108,873
103,378 111,677
CREDITORS
Amounts falling due within one year 6 18,637 17,133
NET CURRENT ASSETS 84,741 94,544
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,482

118,764

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 119,482 117,764
120,482 118,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





Mr W McBean - Director


Watsons Bakery (Scot) Limited (Registered number: SC562756)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Watsons Bakery (Scot) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and Machinery - 25% on reducing balance
Office Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

Watsons Bakery (Scot) Limited (Registered number: SC562756)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and Office Motor
Machinery Equipment vehicles Totals
£    £    £    £   
COST
At 1 May 2023 5,601 5,415 35,296 46,312
Additions - - 25,089 25,089
Disposals - - (9,297 ) (9,297 )
At 30 April 2024 5,601 5,415 51,088 62,104
DEPRECIATION
At 1 May 2023 4,604 3,345 14,143 22,092
Charge for year 249 518 11,147 11,914
Eliminated on disposal - - (7,643 ) (7,643 )
At 30 April 2024 4,853 3,863 17,647 26,363
NET BOOK VALUE
At 30 April 2024 748 1,552 33,441 35,741
At 30 April 2023 997 2,070 21,153 24,220

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 345 834

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors - 1
Taxation and social security 4,459 2,193
Other creditors 14,178 14,939
18,637 17,133

Watsons Bakery (Scot) Limited

Report of the Accountant to the Directors of
Watsons Bakery (Scot) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






Braehead Accountants & Taxation Services Ltd
Unit 4
Station Road Ind Estate
Station Crescent
Renfrew
Renfrewshire
PA4 8RA


Date: .............................................