IRIS Accounts Production v25.1.0.734 09827713 Board of Directors Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh098277132023-10-31098277132024-10-31098277132023-11-012024-10-31098277132022-10-31098277132022-11-012023-10-31098277132023-10-3109827713ns15:EnglandWales2023-11-012024-10-3109827713ns14:PoundSterling2023-11-012024-10-3109827713ns10:Director12023-11-012024-10-3109827713ns10:Director22023-11-012024-10-3109827713ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3109827713ns10:SmallEntities2023-11-012024-10-3109827713ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3109827713ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3109827713ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3109827713ns10:FullAccounts2023-11-012024-10-3109827713ns10:RegisteredOffice2023-11-012024-10-3109827713ns5:CurrentFinancialInstruments2024-10-3109827713ns5:CurrentFinancialInstruments2023-10-3109827713ns5:Non-currentFinancialInstruments2024-10-3109827713ns5:Non-currentFinancialInstruments2023-10-3109827713ns5:ShareCapital2024-10-3109827713ns5:ShareCapital2023-10-3109827713ns5:RetainedEarningsAccumulatedLosses2024-10-3109827713ns5:RetainedEarningsAccumulatedLosses2023-10-3109827713ns5:LandBuildings2023-11-012024-10-3109827713ns5:PlantMachinery2023-11-012024-10-3109827713ns5:LandBuildings2023-10-3109827713ns5:PlantMachinery2023-10-3109827713ns5:LandBuildings2024-10-3109827713ns5:PlantMachinery2024-10-3109827713ns5:LandBuildings2023-10-3109827713ns5:PlantMachinery2023-10-3109827713ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3109827713ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-012024-10-3109827713ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-10-3109827713ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-10-3109827713ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3109827713ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31
REGISTERED NUMBER: 09827713 (England and Wales)
















































Financial Statements

for the Year Ended 31 October 2024

for

RM Watkins Ltd

RM Watkins Ltd (Registered number: 09827713)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RM Watkins Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr R Watkins
Mrs K Watkins





REGISTERED OFFICE: The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR





REGISTERED NUMBER: 09827713 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

RM Watkins Ltd (Registered number: 09827713)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 240,235 172,014

CURRENT ASSETS
Stocks 16,550 17,350
Debtors 5 114,685 55,483
Cash at bank - 3,256
131,235 76,089
CREDITORS
Amounts falling due within one year 6 267,983 189,051
NET CURRENT LIABILITIES (136,748 ) (112,962 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,487

59,052

CREDITORS
Amounts falling due after more than one
year

7

(24,383

)

(15,833

)

PROVISIONS FOR LIABILITIES (60,058 ) (43,003 )
NET ASSETS 19,046 216

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,946 116
SHAREHOLDERS' FUNDS 19,046 216

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

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

The directors acknowledge their 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.

RM Watkins Ltd (Registered number: 09827713)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by:




Mr R Watkins - Director



Mrs K Watkins - Director


RM Watkins Ltd (Registered number: 09827713)

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

1. STATUTORY INFORMATION

RM Watkins Ltd 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.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance, 25% on cost and 20% on reducing balance

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture or completion.

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.

RM Watkins Ltd (Registered number: 09827713)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 27,745 305,422 333,167
Additions - 140,699 140,699
At 31 October 2024 27,745 446,121 473,866
DEPRECIATION
At 1 November 2023 2,775 158,378 161,153
Charge for year 555 71,923 72,478
At 31 October 2024 3,330 230,301 233,631
NET BOOK VALUE
At 31 October 2024 24,415 215,820 240,235
At 31 October 2023 24,970 147,044 172,014

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

Plant and
machinery
etc
£   
COST
At 1 November 2023 55,223
Additions 50,000
Transfer to ownership (28,000 )
At 31 October 2024 77,223
DEPRECIATION
At 1 November 2023 43,779
Charge for year 14,115
Transfer to ownership (23,017 )
At 31 October 2024 34,877
NET BOOK VALUE
At 31 October 2024 42,346
At 31 October 2023 11,444

RM Watkins Ltd (Registered number: 09827713)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 110,272 51,026
Other debtors 4,413 4,457
114,685 55,483

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 13,018 6,935
Other creditors 254,965 182,116
267,983 189,051

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Other creditors 24,383 15,833