2023-05-01 05397011 2024-04-30 05397011 2023-05-01 2024-04-30 05397011 2023-04-30 05397011 2022-05-01 2023-04-30 05397011 uk-core:WithinOneYear 2023-04-30 05397011 uk-core:WithinOneYear 2024-04-30 05397011 uk-core:ShareCapital 2024-04-30 05397011 uk-core:ShareCapital 2023-04-30 05397011 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 05397011 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 05397011 uk-bus:Director1 2023-05-01 2024-04-30 05397011 uk-core:ComputerEquipment 2023-05-01 2024-04-30 05397011 uk-core:FurnitureFittings 2023-05-01 2024-04-30 05397011 uk-core:ComputerEquipment 2023-04-30 05397011 uk-core:FurnitureFittings 2023-04-30 05397011 uk-core:FurnitureFittings 2024-04-30 05397011 uk-core:ComputerEquipment 2024-04-30 05397011 uk-core:WithinOneYear 2024-04-30 05397011 uk-core:WithinOneYear 2023-04-30 iso4217:GBP xbrli:pure 05397011 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05397011 uk-bus:FRS102 2023-05-01 2024-04-30 05397011 uk-bus:FullAccounts 2023-05-01 2024-04-30 05397011 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30
Watershed PR & Marketing Ltd
Registered Number:05397011
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2024
Watershed PR & Marketing Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
05397011
As at 30 April 2024
Watershed PR & Marketing Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
17,492
15,598
2
17,492
15,598
Current assets
Trade and other receivables
12,756
6,671
3
23,475
Cash and cash equivalents
21,167
27,838
36,231
Trade and other payables: amounts falling due within one
year
(22,396)
(19,088)
4
13,835
8,750
Net current assets
Total assets less current liabilities
26,242
29,433
(3,323)
(3,070)
Provisions for liabilities
22,919
Net assets
26,363
Capital and reserves
Called up share capital
2
2
Retained earnings
22,917
26,361
22,919
26,363
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Stephen John Banks Director
These financial statements were approved and authorised for issue by the Board on 28 January 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 April 2024
Watershed PR & Marketing Ltd
Notes to the Financial Statements
Statutory Information
Watershed PR & Marketing Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05397011.
Registered address:
26 Beckington Crescent
Chard
Somerset
TA20 2BU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, 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:
25% Reducing balance
Computer Equipment
15% Reducing balance
Furniture and Fittings
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.
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
£
£
£
Cost or
valuation
At 01 May 2023
55,680
49,866
5,814
7,654
7,654
-
Additions
At 30 April 2024
5,814
57,520
63,334
Provision for depreciation and impairment
At 01 May 2023
40,082
34,796
5,286
Charge for year
5,760
5,681
79
At 30 April 2024
45,842
40,477
5,365
At 30 April 2024
Net book value
449
17,043
17,492
At 30 April 2023
528
15,070
15,598
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5
For the year ended 30 April 2024
Watershed PR & Marketing Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
6,261
12,346
Prepayments and accrued income
410
410
12,756
6,671
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
6,254
9,261
Trade creditors
196
319
Taxation and social security
5,557
8,909
Accruals and deferred income
2,786
3,132
Directors' loan accounts
4,040
520
Other creditors
255
255
19,088
22,396
5. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
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