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Registered Number: 09894586


 

 

 

WATAN LTD


Abridged Accounts
 


Period of accounts

Start date: 28 February 2023

End date: 29 February 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 10,226    19,198 
10,226    19,198 
Current assets      
Debtors 743,464    705,779 
Cash at bank and in hand 187,019    261,654 
930,483    967,433 
Creditors: amount falling due within one year (237,140)   (336,329)
Net current assets 693,343    631,104 
 
Total assets less current liabilities 703,569    650,302 
Provisions for liabilities 302    (783)
Net assets 703,871    649,519 
 

Capital and reserves
     
Called up share capital 4 10    10 
Profit and loss account 703,861    649,509 
Shareholders' funds 703,871    649,519 
 


For the period ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 26 November 2024 and were signed by:


-------------------------------
Khalil Ullah
Director
1
General Information
Watan Ltd is a private company, limited by shares, registered in , registration number 09894586, registration address 183, The Broadway, Southall, UB1 1LX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 15 Straight Line
Motor Vehicles 15 Straight Line
Fixtures and Fittings 15 Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 16 (2023 : 16).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 28 February 2023 5,000    4,200    16,936    26,136 
Additions     6,665    6,665 
Disposals      
At 29 February 2024 5,000    4,200    23,601    32,801 
Depreciation
At 28 February 2023 195    4,200    2,543    6,938 
Charge for period 335      15,302    15,637 
On disposals      
At 29 February 2024 530    4,200    17,845    22,575 
Net book values
Closing balance as at 29 February 2024 4,470      5,756    10,226 
Opening balance as at 28 February 2023 4,805      14,393    19,198 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
10 Class A shares of £1.00 each 10    10 
10    10 

2