1 October 2023 false No description of principal activity Taxfiler 2024.6 SC485584business:PrivateLimitedCompanyLtd2023-10-012025-02-27 SC4855842023-09-30 SC4855842023-10-012025-02-27 SC485584business:AuditExemptWithAccountantsReport2023-10-012025-02-27 SC485584business:FilletedAccounts2023-10-012025-02-27 SC4855842025-02-27 SC485584business:Director12023-10-012025-02-27 SC485584business:RegisteredOffice2023-10-012025-02-27 SC4855842023-09-30 SC485584core:WithinOneYear2025-02-27 SC485584core:WithinOneYear2023-09-30 SC485584core:ShareCapitalcore:PreviouslyStatedAmount2025-02-27 SC485584core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 SC485584core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-02-27 SC485584core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 SC485584core:PreviouslyStatedAmount2025-02-27 SC485584core:PreviouslyStatedAmount2023-09-30 SC485584business:SmallEntities2023-10-012025-02-27 SC485584countries:Scotland2023-10-012025-02-27 SC485584core:PlantMachinery2023-10-012025-02-27 SC485584core:MotorVehicles2023-10-012025-02-27 SC485584core:PlantMachinery2023-09-30 SC485584core:MotorVehicles2023-09-30 SC485584core:PlantMachinery2025-02-27 SC485584core:MotorVehicles2025-02-27 SC48558412023-10-012025-02-27 SC4855842022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. SC485584 (Scotland)
Edinburgh Watch Company Limited Unaudited accounts for the period from 1 October 2023 to 27 February 2025
Edinburgh Watch Company Limited Unaudited accounts Contents
Page
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Edinburgh Watch Company Limited Company Information for the period from 1 October 2023 to 27 February 2025
Director
Mr J D Gilbert
Company Number
SC485584 (Scotland)
Registered Office
22 West Main Street DARVEL Ayrshire KA17 0AQ Scotland
Accountants
Hugh Ferguson & Co. Ltd. 22 West Main Street DARVEL Ayrshire KA17 0AQ
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Edinburgh Watch Company Limited Statement of financial position as at 27 February 2025
2025 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
86,520 
Current assets
Inventories
- 
430,469 
Debtors
2,530 
32,441 
Cash at bank and in hand
1,497,952 
978,247 
1,500,482 
1,441,157 
Creditors: amounts falling due within one year
(67,779)
(84,789)
Net current assets
1,432,703 
1,356,368 
Total assets less current liabilities
1,432,703 
1,442,888 
Provisions for liabilities
Deferred tax
- 
(2,627)
Net assets
1,432,703 
1,440,261 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
1,431,703 
1,439,261 
Shareholders' funds
1,432,703 
1,440,261 
For the period ending 27 February 2025 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 19 March 2025 and were signed on its behalf by
Mr J D Gilbert Director Company Registration No. SC485584
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Edinburgh Watch Company Limited Notes to the Accounts for the period from 1 October 2023 to 27 February 2025
1
Statutory information
Edinburgh Watch Company Limited is a private company, limited by shares, registered in Scotland, registration number SC485584. The registered office is 22 West Main Street, DARVEL, Ayrshire, KA17 0AQ, 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 period, 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.
Turnover
Turnover is the amount derived from ordinary activities and 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:
Plant & machinery
25% p.a. on a reducing balance basis
Motor vehicles
25% p.a. on a reducing balance basis
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Edinburgh Watch Company Limited Notes to the Accounts for the period from 1 October 2023 to 27 February 2025
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
41,170 
94,268 
135,438 
Additions
3,736 
- 
3,736 
Disposals
(44,906)
(94,268)
(139,174)
At 27 February 2025
- 
- 
- 
Depreciation
At 1 October 2023
25,350 
23,568 
48,918 
On disposals
(25,350)
(23,568)
(48,918)
At 27 February 2025
- 
- 
- 
Net book value
At 27 February 2025
- 
- 
- 
At 30 September 2023
15,820 
70,700 
86,520 
5
Debtors
2025 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
22,591 
Accrued income and prepayments
2,530 
8,933 
Other debtors
- 
917 
2,530 
32,441 
6
Creditors: amounts falling due within one year
2025 
2023 
£ 
£ 
Trade creditors
- 
2,957 
Taxes and social security
41,262 
71,509 
Loans from directors
742 
7,450 
Accruals
25,775 
2,873 
67,779 
84,789 
7
Post balance sheet events
The company ceased trading permanently on 27th February 2025.
8
Average number of employees
During the period the average number of employees was 2 (2023: 2).
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