2023-06-012024-05-312024-05-31false07927756WATHAR LIMITED2025-02-14falseiso4217:GBPxbrli:pure079277562023-06-01079277562024-05-31079277562023-06-012024-05-31079277562022-06-01079277562023-05-31079277562022-06-012023-05-3107927756bus:SmallEntities2023-06-012024-05-3107927756bus:AuditExempt-NoAccountantsReport2023-06-012024-05-3107927756bus:FullAccounts2023-06-012024-05-3107927756bus:PrivateLimitedCompanyLtd2023-06-012024-05-3107927756core:WithinOneYear2024-05-3107927756core:AfterOneYear2024-05-3107927756core:WithinOneYear2023-05-3107927756core:AfterOneYear2023-05-3107927756core:ShareCapital2024-05-3107927756core:SharePremium2024-05-3107927756core:RevaluationReserve2024-05-3107927756core:OtherReservesSubtotal2024-05-3107927756core:RetainedEarningsAccumulatedLosses2024-05-3107927756core:ShareCapital2023-05-3107927756core:SharePremium2023-05-3107927756core:RevaluationReserve2023-05-3107927756core:OtherReservesSubtotal2023-05-3107927756core:RetainedEarningsAccumulatedLosses2023-05-3107927756core:LandBuildings2024-05-3107927756core:PlantMachinery2024-05-3107927756core:Vehicles2024-05-3107927756core:FurnitureFittings2024-05-3107927756core:OfficeEquipment2024-05-3107927756core:NetGoodwill2024-05-3107927756core:IntangibleAssetsOtherThanGoodwill2024-05-3107927756core:ListedExchangeTraded2024-05-3107927756core:UnlistedNon-exchangeTraded2024-05-3107927756core:LandBuildings2023-05-3107927756core:PlantMachinery2023-05-3107927756core:Vehicles2023-05-3107927756core:FurnitureFittings2023-05-3107927756core:OfficeEquipment2023-05-3107927756core:NetGoodwill2023-05-3107927756core:IntangibleAssetsOtherThanGoodwill2023-05-3107927756core:ListedExchangeTraded2023-05-3107927756core:UnlistedNon-exchangeTraded2023-05-3107927756core:LandBuildings2023-06-012024-05-3107927756core:PlantMachinery2023-06-012024-05-3107927756core:Vehicles2023-06-012024-05-3107927756core:FurnitureFittings2023-06-012024-05-3107927756core:OfficeEquipment2023-06-012024-05-3107927756core:NetGoodwill2023-06-012024-05-3107927756core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3107927756core:ListedExchangeTraded2023-06-012024-05-3107927756core:UnlistedNon-exchangeTraded2023-06-012024-05-3107927756core:MoreThanFiveYears2023-06-012024-05-3107927756core:Non-currentFinancialInstruments2024-05-3107927756core:Non-currentFinancialInstruments2023-05-3107927756dpl:CostSales2023-06-012024-05-3107927756dpl:DistributionCosts2023-06-012024-05-3107927756core:LandBuildings2023-06-012024-05-3107927756core:PlantMachinery2023-06-012024-05-3107927756core:Vehicles2023-06-012024-05-3107927756core:FurnitureFittings2023-06-012024-05-3107927756core:OfficeEquipment2023-06-012024-05-3107927756dpl:AdministrativeExpenses2023-06-012024-05-3107927756core:NetGoodwill2023-06-012024-05-3107927756core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3107927756dpl:GroupUndertakings2023-06-012024-05-3107927756dpl:ParticipatingInterests2023-06-012024-05-3107927756dpl:GroupUndertakingscore:ListedExchangeTraded2023-06-012024-05-3107927756core:ListedExchangeTraded2023-06-012024-05-3107927756dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-06-012024-05-3107927756core:UnlistedNon-exchangeTraded2023-06-012024-05-3107927756dpl:CostSales2022-06-012023-05-3107927756dpl:DistributionCosts2022-06-012023-05-3107927756core:LandBuildings2022-06-012023-05-3107927756core:PlantMachinery2022-06-012023-05-3107927756core:Vehicles2022-06-012023-05-3107927756core:FurnitureFittings2022-06-012023-05-3107927756core:OfficeEquipment2022-06-012023-05-3107927756dpl:AdministrativeExpenses2022-06-012023-05-3107927756core:NetGoodwill2022-06-012023-05-3107927756core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3107927756dpl:GroupUndertakings2022-06-012023-05-3107927756dpl:ParticipatingInterests2022-06-012023-05-3107927756dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3107927756core:ListedExchangeTraded2022-06-012023-05-3107927756dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3107927756core:UnlistedNon-exchangeTraded2022-06-012023-05-3107927756core:NetGoodwill2024-05-3107927756core:IntangibleAssetsOtherThanGoodwill2024-05-3107927756core:LandBuildings2024-05-3107927756core:PlantMachinery2024-05-3107927756core:Vehicles2024-05-3107927756core:FurnitureFittings2024-05-3107927756core:OfficeEquipment2024-05-3107927756core:AfterOneYear2024-05-3107927756core:WithinOneYear2024-05-3107927756core:ListedExchangeTraded2024-05-3107927756core:UnlistedNon-exchangeTraded2024-05-3107927756core:ShareCapital2024-05-3107927756core:SharePremium2024-05-3107927756core:RevaluationReserve2024-05-3107927756core:OtherReservesSubtotal2024-05-3107927756core:RetainedEarningsAccumulatedLosses2024-05-3107927756core:NetGoodwill2023-05-3107927756core:IntangibleAssetsOtherThanGoodwill2023-05-3107927756core:LandBuildings2023-05-3107927756core:PlantMachinery2023-05-3107927756core:Vehicles2023-05-3107927756core:FurnitureFittings2023-05-3107927756core:OfficeEquipment2023-05-3107927756core:AfterOneYear2023-05-3107927756core:WithinOneYear2023-05-3107927756core:ListedExchangeTraded2023-05-3107927756core:UnlistedNon-exchangeTraded2023-05-3107927756core:ShareCapital2023-05-3107927756core:SharePremium2023-05-3107927756core:RevaluationReserve2023-05-3107927756core:OtherReservesSubtotal2023-05-3107927756core:RetainedEarningsAccumulatedLosses2023-05-3107927756core:NetGoodwill2022-06-0107927756core:IntangibleAssetsOtherThanGoodwill2022-06-0107927756core:LandBuildings2022-06-0107927756core:PlantMachinery2022-06-0107927756core:Vehicles2022-06-0107927756core:FurnitureFittings2022-06-0107927756core:OfficeEquipment2022-06-0107927756core:AfterOneYear2022-06-0107927756core:WithinOneYear2022-06-0107927756core:ListedExchangeTraded2022-06-0107927756core:UnlistedNon-exchangeTraded2022-06-0107927756core:ShareCapital2022-06-0107927756core:SharePremium2022-06-0107927756core:RevaluationReserve2022-06-0107927756core:OtherReservesSubtotal2022-06-0107927756core:RetainedEarningsAccumulatedLosses2022-06-0107927756core:AfterOneYear2023-06-012024-05-3107927756core:WithinOneYear2023-06-012024-05-3107927756core:Non-currentFinancialInstrumentscore:CostValuation2023-06-012024-05-3107927756core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-012024-05-3107927756core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-012024-05-3107927756core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-012024-05-3107927756core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-012024-05-3107927756core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-012024-05-3107927756core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-012024-05-3107927756core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-012024-05-3107927756core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-012024-05-3107927756core:Non-currentFinancialInstrumentscore:CostValuation2024-05-3107927756core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-05-3107927756core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-05-3107927756core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-05-3107927756core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-05-3107927756core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-05-3107927756core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-05-3107927756core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-05-3107927756core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-05-3107927756core:Non-currentFinancialInstrumentscore:CostValuation2023-05-3107927756core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-05-3107927756core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-05-3107927756core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-05-3107927756core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-05-3107927756core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-05-3107927756core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-05-3107927756core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-05-3107927756core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-05-3107927756bus:Director12023-06-012024-05-3107927756bus:Director22023-06-012024-05-31

WATHAR LIMITED

Registered Number
07927756
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

WATHAR LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

Mr B Watson
Mrs V Watson

Registered Address

Field House Moor Lane
Potterhanworth
Lincoln
LN4 2DZ

Registered Number

07927756 (England and Wales)
WATHAR LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3106,028120,133
Tangible assets418,69021,297
124,718141,430
Current assets
Stocks54,1836,443
Debtors693,00076,355
Cash at bank and on hand35,27926,180
132,462108,978
Creditors amounts falling due within one year7(154,176)(169,800)
Net current assets (liabilities)(21,714)(60,822)
Total assets less current liabilities103,00480,608
Creditors amounts falling due after one year8(50,933)(80,535)
Net assets52,07173
Capital and reserves
Called up share capital2020
Profit and loss account52,05153
Shareholders' funds52,07173
The financial statements were approved and authorised for issue by the Board of Directors on 14 February 2025, and are signed on its behalf by:
Mr B Watson
Director
Registered Company No. 07927756
WATHAR LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
These financial statements for the year ended 31 May 2024 are the first financial statements that comply with FRS 102. The financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A small entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Revenue from sale of goods
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured is the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Amortisation
Amortisation is calculated as follows: License fees - 10% straight line
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Vehicles25
Office Equipment20
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year1213
3.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 June 23396,32038,196434,516
At 31 May 24396,32038,196434,516
Amortisation and impairment
At 01 June 23292,95821,425314,383
Charge for year12,0302,07514,105
At 31 May 24304,98823,500328,488
Net book value
At 31 May 2491,33214,696106,028
At 31 May 23103,36216,771120,133
4.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 June 2337,8523,2958,59349,740
Additions1,587-2891,876
At 31 May 2439,4393,2958,88251,616
Depreciation and impairment
At 01 June 2319,9922,0016,45028,443
Charge for year3,7672594574,483
At 31 May 2423,7592,2606,90732,926
Net book value
At 31 May 2415,6801,0351,97518,690
At 31 May 2317,8601,2942,14321,297
5.Stocks

2024

2023

££
Other stocks4,1836,443
Total4,1836,443
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables16,24117,769
Other debtors71,49355,053
Prepayments and accrued income5,2663,533
Total93,00076,355
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables55,44073,396
Bank borrowings and overdrafts29,60029,598
Taxation and social security58,93946,398
Other creditors1,00511,736
Accrued liabilities and deferred income9,1928,672
Total154,176169,800
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts50,93380,535
Total50,93380,535
Bank borrowings The recovery loan is denominated in £ with a nominal interest rate of 5.9%, and the final instalment is due on 1 March 2027. The carrying amount at year end is £55,533 (2023 - £75,133). The bounceback loan is denominated in £ with a nominal interest rate of 2.5%, and the final instalment is due on 16 November 2026. The carrying amount at the year end is £25,000 (2023 - £35,000).
9.Directors advances, credits and guarantees
Mr B Watson - Directors Loan Account As at 1st June 2023 £42,423 Advanced to Director £12,292 Repayments by Director £0 As at 31st May 2024 £54,715 Mr B Watson - Directors Loan Account As at 1st June 2022 £16,069 Advances to Director £42,423 Repayments by Director (£16,069) As at 31st May 2023 £42,423