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Company Registration No. SC436916 (Scotland)
Watt Weighing Limited Unaudited accounts for the year ended 31 December 2024
Watt Weighing Limited Unaudited accounts Contents
Page
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Watt Weighing Limited Company Information for the year ended 31 December 2024
Directors
Charleen Watt William Watt
Secretary
Mark Hinde
Company Number
SC436916 (Scotland)
Registered Office
17 Thomson Road Peterhead Aberdeenshire AB42 3FJ Scotland, United Kingdom
Accountants
Peter Hall Finance & Accounting Solutions of Tillicoultry Clackmannanshire FK13 6DR
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Watt Weighing Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,663 
- 
Current assets
Debtors
2,710 
2,335 
Investments
- 
2,000 
Cash at bank and in hand
8,404 
9,397 
11,114 
13,732 
Creditors: amounts falling due within one year
(12,266)
(5,079)
Net current (liabilities)/assets
(1,152)
8,653 
Total assets less current liabilities
26,511 
8,653 
Creditors: amounts falling due after more than one year
(29,593)
- 
Net (liabilities)/assets
(3,082)
8,653 
Capital and reserves
Called up share capital
100 
100 
Capital contribution reserve
8,387 
8,387 
Profit and loss account
(11,569)
166 
Shareholders' funds
(3,082)
8,653 
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 7 July 2025 and were signed on its behalf by
Charleen Watt Director Company Registration No. SC436916
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Watt Weighing Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Watt Weighing Limited is a private company, limited by shares, registered in Scotland, registration number SC436916. The registered office is 17 Thomson Road, Peterhead, Aberdeenshire, AB42 3FJ, Scotland, United Kingdom.
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.
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 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: Motor Vehicles at 25% depreciation
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 January 2024
- 
Additions
31,995 
At 31 December 2024
31,995 
Depreciation
Charge for the year
4,332 
At 31 December 2024
4,332 
Net book value
At 31 December 2024
27,663 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,710 
2,335 
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Watt Weighing Limited Notes to the Accounts for the year ended 31 December 2024
6
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
2,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
4,494 
2,281 
Other creditors
3,172 
2,798 
Loans from directors
4,600 
- 
12,266 
5,079 
Taxes owing are PAYE taxes & NI accrued at the end of the financial year Other Creditors is the VAT liability owing as at the end of the financial year
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
29,593 
- 
The motor vehicle was financed by a loan of £31,995 on 15 June 2024. Monthly repayments of £498.04 commenced in June 2024.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
There were no loans to Directors.
11
Transactions with related parties
Dividends paid during the year were; Charleen Watt £400
12
Average number of employees
During the year the average number of employees was 9 (2023: 6).
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