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Company Registration No. SC708434 (Scotland)
Watts Bars Ltd Unaudited accounts for the year ended 30 September 2024
Watts Bars Ltd Unaudited accounts Contents
Page
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Watts Bars Ltd Company Information for the year ended 30 September 2024
Director
Quentin John Collier
Company Number
SC708434 (Scotland)
Registered Office
94 HOPE STREET SUITE 2.11 GLASGOW G2 6PH SCOTLAND
Accountants
Scottish Tax Bureau 94 Hope Street Glasgow G2 6PH
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Watts Bars Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
248,000 
130,000 
Current assets
Debtors
- 
3,396 
Cash at bank and in hand
26,395 
231,891 
26,395 
235,287 
Creditors: amounts falling due within one year
(2,394)
(31,169)
Net current assets
24,001 
204,118 
Net assets
272,001 
334,118 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
271,981 
334,098 
Shareholders' funds
272,001 
334,118 
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 6 March 2025 and were signed on its behalf by
Quentin John Collier Director Company Registration No. SC708434
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Watts Bars Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Watts Bars Ltd is a private company, limited by shares, registered in Scotland, registration number SC708434. The registered office is 94 HOPE STREET, SUITE 2.11, GLASGOW, G2 6PH, SCOTLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 October 2023
130,000 
Additions
118,000 
At 30 September 2024
248,000 
Depreciation
At 30 September 2024
- 
Net book value
At 30 September 2024
248,000 
At 30 September 2023
130,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
3,396 
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Watts Bars Ltd Notes to the Accounts for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
18,853 
Other creditors
2,040 
1,020 
Loans from directors
312 
11,296 
Accruals
42 
- 
2,394 
31,169 
7
Average number of employees
During the year the average number of employees was 2 (2023: 15).
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