Company Registration No. SC436916 (Scotland)
Watt Weighing Limited
Unaudited accounts
for the year ended 31 December 2024
Watt Weighing Limited
Unaudited accounts
Contents
Watt Weighing Limited
Company Information
for the year ended 31 December 2024
Directors
Charleen Watt
William Watt
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
Watt Weighing Limited
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
8,404
9,397
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
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
Watt Weighing Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 December 2024
31,995
At 31 December 2024
27,663
Amounts falling due within one year
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
-
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
The motor vehicle was financed by a loan of £31,995 on 15 June 2024. Monthly repayments of £498.04 commenced in June 2024.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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).