Registered number
09466179
Watson Contract Services (UK) Ltd
Filleted Accounts
31 March 2024
Watson Contract Services (UK) Ltd
Registered number: 09466179
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 586 879
Current assets
Debtors 4 6,802 6,026
Cash at bank and in hand 5,006 6,155
11,808 12,181
Creditors: amounts falling due within one year 5 (5,038) (3,122)
Net current assets 6,770 9,059
Total assets less current liabilities 7,356 9,938
Creditors: amounts falling due after more than one year 6 (6,481) (9,676)
Net assets 875 262
Capital and reserves
Called up share capital 100 100
Profit and loss account 775 162
Shareholders' funds 875 262
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Maisie Watson
Director
Approved by the board on 1 November 2024
Watson Contract Services (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 4,745
At 31 March 2024 4,745
Depreciation
At 1 April 2023 3,866
Charge for the year 293
At 31 March 2024 4,159
Net book value
At 31 March 2024 586
At 31 March 2023 879
4 Debtors 2024 2023
£ £
CIS Deducted 6,802 6,026
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 3,965 1,564
Other taxes and social security costs - 577
Other creditors 1,073 981
5,038 3,122
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,481 9,676
7 Other information
Watson Contract Services (UK) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
43 Pincott Place
Brockley
London
England
SE4 2ER
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