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REGISTERED NUMBER: 12783327 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

WATCH THIS SPCE LTD

WATCH THIS SPCE LTD (REGISTERED NUMBER: 12783327)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WATCH THIS SPCE LTD

Company Information
for the year ended 31 July 2024







DIRECTORS: A K J Chapman
M Kanjilal Williams





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 12783327 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

WATCH THIS SPCE LTD (REGISTERED NUMBER: 12783327)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 774 523

CURRENT ASSETS
Debtors 5 10,764 25,068
Cash at bank 21,750 6,843
32,514 31,911
CREDITORS
Amounts falling due within one year 6 (21,561 ) (20,265 )
NET CURRENT ASSETS 10,953 11,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,727

12,169

PROVISIONS FOR LIABILITIES 7 (147 ) (99 )
NET ASSETS 11,580 12,070

CAPITAL AND RESERVES
Called up share capital 8 90 90
Retained earnings 11,490 11,980
SHAREHOLDERS' FUNDS 11,580 12,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

WATCH THIS SPCE LTD (REGISTERED NUMBER: 12783327)

Balance Sheet - continued
31 July 2024


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 7 January 2025 and were signed on its behalf by:




M Kanjilal Williams - Director



A K J Chapman - Director


WATCH THIS SPCE LTD (REGISTERED NUMBER: 12783327)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Watch This Spce Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts, and is recognised as follows:

Revenue is recognised as contract activity progresses. Revenue not billed is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment - 3 years straight line

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

WATCH THIS SPCE LTD (REGISTERED NUMBER: 12783327)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2023 780
Additions 539
At 31 July 2024 1,319
DEPRECIATION
At 1 August 2023 257
Charge for year 288
At 31 July 2024 545
NET BOOK VALUE
At 31 July 2024 774
At 31 July 2023 523

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,764 18,648
Other debtors - 6,420
10,764 25,068

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 512 -
Taxation and social security 14,298 12,758
Other creditors 6,751 7,507
21,561 20,265

WATCH THIS SPCE LTD (REGISTERED NUMBER: 12783327)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 147 99

Deferred
tax
£   
Balance at 1 August 2023 99
Provided during year 48
Balance at 31 July 2024 147

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
90 Ordinary 1 90 90