IRIS Accounts Production v24.2.0.383 04770863 director 1.6.23 31.5.24 31.5.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047708632023-05-31047708632024-05-31047708632023-06-012024-05-31047708632022-05-31047708632022-06-012023-05-31047708632023-05-3104770863ns15:EnglandWales2023-06-012024-05-3104770863ns14:PoundSterling2023-06-012024-05-3104770863ns10:Director12023-06-012024-05-3104770863ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3104770863ns10:SmallEntities2023-06-012024-05-3104770863ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3104770863ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3104770863ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3104770863ns10:FullAccounts2023-06-012024-05-3104770863ns10:CompanySecretary12023-06-012024-05-3104770863ns10:RegisteredOffice2023-06-012024-05-3104770863ns5:CurrentFinancialInstruments2024-05-3104770863ns5:CurrentFinancialInstruments2023-05-3104770863ns5:ShareCapital2024-05-3104770863ns5:ShareCapital2023-05-3104770863ns5:RevaluationReserve2024-05-3104770863ns5:RevaluationReserve2023-05-3104770863ns5:RetainedEarningsAccumulatedLosses2024-05-3104770863ns5:RetainedEarningsAccumulatedLosses2023-05-3104770863ns5:PlantMachinery2023-06-012024-05-3104770863ns5:LandBuildings2023-05-3104770863ns5:PlantMachinery2023-05-3104770863ns5:LandBuildings2023-06-012024-05-3104770863ns5:LandBuildings2024-05-3104770863ns5:PlantMachinery2024-05-3104770863ns5:LandBuildings2023-05-3104770863ns5:PlantMachinery2023-05-3104770863ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-3104770863ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-05-3104770863ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-3104770863ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3104770863ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-3104770863ns5:RevaluationReserve2023-05-31
REGISTERED NUMBER: 04770863 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Watsons Of Brandsby Limited

Watsons Of Brandsby Limited (Registered number: 04770863)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Watsons Of Brandsby Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: E Watson





SECRETARY: E Watson





REGISTERED OFFICE: Mill Farm, Crayke Road
Brandsby
York
North Yorkshire
YO61 4RP





REGISTERED NUMBER: 04770863 (England and Wales)





ACCOUNTANTS: Yorkshire Accountants Ripon
Eva Lett House
1 South Crescent
Ripon
North Yorkshire
HG4 1SN

Watsons Of Brandsby Limited (Registered number: 04770863)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 535,987 551,699
Investment property 5 120,000 120,000
655,987 671,699

CURRENT ASSETS
Stocks 75,698 82,971
Debtors 6 256,793 297,519
Investments 7 898 858
Cash at bank 87,322 41,465
420,711 422,813
CREDITORS
Amounts falling due within one year 8 362,146 427,406
NET CURRENT ASSETS/(LIABILITIES) 58,565 (4,593 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

714,552

667,106

PROVISIONS FOR LIABILITIES 37,426 41,926
NET ASSETS 677,126 625,180

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 9 127,416 127,416
Retained earnings 548,710 496,764
677,126 625,180

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Watsons Of Brandsby Limited (Registered number: 04770863)

Balance Sheet - continued
31 May 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 director and authorised for issue on 29 January 2025 and were signed by:





E Watson - Director


Watsons Of Brandsby Limited (Registered number: 04770863)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Watsons Of Brandsby 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Watsons Of Brandsby Limited (Registered number: 04770863)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 578,795 654,431 1,233,226
Additions - 8,286 8,286
At 31 May 2024 578,795 662,717 1,241,512
DEPRECIATION
At 1 June 2023 178,795 502,732 681,527
Charge for year - 23,998 23,998
At 31 May 2024 178,795 526,730 705,525
NET BOOK VALUE
At 31 May 2024 400,000 135,987 535,987
At 31 May 2023 400,000 151,699 551,699

Cost or valuation at 31 May 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 127,416 - 127,416
Cost 451,379 662,717 1,114,096
578,795 662,717 1,241,512

Watsons Of Brandsby Limited (Registered number: 04770863)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 June 2023 47,500
Transfer to ownership (47,500 )
At 31 May 2024 -
DEPRECIATION
At 1 June 2023 26,114
Transfer to ownership (26,114 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 21,386

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 120,000
NET BOOK VALUE
At 31 May 2024 120,000
At 31 May 2023 120,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 88,782 253,765
Other debtors 168,011 43,754
256,793 297,519

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Current asset investment 898 858

Watsons Of Brandsby Limited (Registered number: 04770863)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 7,500
Trade creditors 356,405 395,266
Taxation and social security 5,741 23,352
Other creditors - 1,288
362,146 427,406

9. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 127,416