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REGISTERED NUMBER: 04107494 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SANDERSON WATTS ASSOCIATES LIMITED

SANDERSON WATTS ASSOCIATES LIMITED (REGISTERED NUMBER: 04107494)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SANDERSON WATTS ASSOCIATES LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: E C Webb
M J Hamer
R Al Farouq
D Ellis



SECRETARY: E C Webb



REGISTERED OFFICE: Century House
100 Chapel Lane
Wigan
Lancashire
WN3 4HG



REGISTERED NUMBER: 04107494 (England and Wales)



ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB



SOLICITORS: Nexus
Carlton House
16-18 Albert Square
Manchester
M2 5PE

SANDERSON WATTS ASSOCIATES LIMITED (REGISTERED NUMBER: 04107494)

STATEMENT OF FINANCIAL POSITION
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,284 3,953

CURRENT ASSETS
Debtors 5 1,253,177 1,015,172
Cash at bank and in hand 443,909 186,735
1,697,086 1,201,907
CREDITORS
Amounts falling due within one year 6 662,128 391,394
NET CURRENT ASSETS 1,034,958 810,513
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,038,242

814,466

CREDITORS
Amounts falling due after more than one
year

7

36,667

76,667
NET ASSETS 1,001,575 737,799

CAPITAL AND RESERVES
Called up share capital 47,922 47,922
Capital redemption reserve 27,547 27,547
Retained earnings 926,106 662,330
SHAREHOLDERS' FUNDS 1,001,575 737,799

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

SANDERSON WATTS ASSOCIATES LIMITED (REGISTERED NUMBER: 04107494)

STATEMENT OF FINANCIAL POSITION - continued
30 June 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





E C Webb - Director


SANDERSON WATTS ASSOCIATES LIMITED (REGISTERED NUMBER: 04107494)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Sanderson Watts Associates Limited 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
Turnover represents the value, net of value added tax and discounts, of goods and services provided to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

Amounts recoverable under contracts.
Amounts recoverable under contracts are recognised once the outcome of the contract is reasonably certain. Amounts recoverable on contracts are included at their estimated sales value, taking into account their stage of completion.

SANDERSON WATTS ASSOCIATES LIMITED (REGISTERED NUMBER: 04107494)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Related party disclosures
The company has taken advantage of the exemptions available under FRS8 Related Party Transactions and has not disclosed transactions between members of the Group, where the transactions are between wholly owned members of the Group.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 162,435
DEPRECIATION
At 1 July 2023 158,482
Charge for year 669
At 30 June 2024 159,151
NET BOOK VALUE
At 30 June 2024 3,284
At 30 June 2023 3,953

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 647,138 229,492
Amounts recoverable on contract 23,211 127,000
Other debtors 31,564 112,249
701,913 468,741

Amounts falling due after more than one year:
Amounts owed by associates 551,264 546,431

Aggregate amounts 1,253,177 1,015,172

SANDERSON WATTS ASSOCIATES LIMITED (REGISTERED NUMBER: 04107494)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 40,000 40,000
Trade creditors 452,021 238,588
Taxation and social security 122,960 85,598
Other creditors 47,147 27,208
662,128 391,394

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 36,667 76,667

8. SECURED DEBTS

The Royal Bank of Scotland plc holds a fixed and floating charge covering all the property or undertaking of the company.

In addition, they hold an all monies legal charge.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £255,324 were paid to the directors .

The company is owed an amount of £551,264 (2023: £546,431) by a company which is under common control.
This amount is shown within other debtors.

10. ULTIMATE CONTROLLING PARTY

By virtue of his shareholding in the parent company SWA (Webb) Ltd, the directors consider that Mr EC Webb is the controlling party.