Company Registration No. 11403687 (England and Wales)
Watson & Webb ltd
Unaudited accounts
for the year ended 30 April 2024
Watson & Webb ltd
Unaudited accounts
Contents
Watson & Webb ltd
Company Information
for the year ended 30 April 2024
Directors
Richard Brown
Nicola Scott
Company Number
11403687 (England and Wales)
Registered Office
21 PRIEST LANE
RIPON
N YORKSHIRE
HG4 1LT
UNITED KINGDOM
Watson & Webb ltd
Statement of financial position
as at 30 April 2024
Inventories
96,601
276,931
Cash at bank and in hand
144,118
217,302
Creditors: amounts falling due within one year
(93,022)
(131,244)
Net current assets
177,008
390,135
Total assets less current liabilities
368,624
390,135
Creditors: amounts falling due after more than one year
(20,833)
(30,850)
Net assets
347,791
359,285
Called up share capital
2
2
Profit and loss account
347,789
359,283
Shareholders' funds
347,791
359,285
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by
Nicola Scott
Director
Company Registration No. 11403687
Watson & Webb ltd
Notes to the Accounts
for the year ended 30 April 2024
Watson & Webb ltd is a private company, limited by shares, registered in England and Wales, registration number 11403687. The registered office is 21 PRIEST LANE, RIPON, N YORKSHIRE, HG4 1LT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
5% Straight line
Fixtures & fittings
33% straight line
Computer equipment
33% straight line
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
Additions
190,808
322
683
191,813
At 30 April 2024
190,808
322
1,626
192,756
Charge for the year
-
-
197
197
At 30 April 2024
-
-
1,140
1,140
At 30 April 2024
190,808
322
486
191,616
Watson & Webb ltd
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Accrued income and prepayments
2,199
2,034
Other debtors
22,077
17,295
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
16,720
5,035
Trade creditors
15,155
34,386
Amounts owed to group undertakings and other participating interests
35,972
66,366
Taxes and social security
1,860
11,464
Loans from directors
19,666
1,114
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
Siennasol Limited:
The company is related to Watson & Webb Limited by virtue of common shareholders and directors. The amount owed to Siennasol Limited at the balance sheet date was (£35972) (2021: (£66366))
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).