Company Registration No. 08448567 (England and Wales)
WATTS THE FAULT LTD
Unaudited accounts
for the year ended 31 March 2025
WATTS THE FAULT LTD
Unaudited accounts
Contents
WATTS THE FAULT LTD
Company Information
for the year ended 31 March 2025
Company Number
08448567 (England and Wales)
Registered Office
145 HATHERLEY ROAD
CHELTENHAM
GL51 6EP
UNITED KINGDOM
WATTS THE FAULT LTD
Statement of financial position
as at 31 March 2025
Tangible assets
2,562
2,858
Cash at bank and in hand
24,669
15,571
Creditors: amounts falling due within one year
(18,768)
(15,251)
Net current assets
11,080
4,713
Total assets less current liabilities
13,642
7,571
Creditors: amounts falling due after more than one year
(3,476)
(3,912)
Provisions for liabilities
Deferred tax
(1,564)
(1,564)
Called up share capital
5
5
Profit and loss account
8,597
2,090
Shareholders' funds
8,602
2,095
For the year ending 31 March 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 15 April 2025 and were signed on its behalf by
Chris Woolley
Director
Company Registration No. 08448567
WATTS THE FAULT LTD
Notes to the Accounts
for the year ended 31 March 2025
WATTS THE FAULT LTD is a private company, limited by shares, registered in England and Wales, registration number 08448567. The registered office is 145 HATHERLEY ROAD, CHELTENHAM, GL51 6EP, 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.
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:
Land & buildings
20% reducing balance
Motor vehicles
30% reducing balance
Computer equipment
33% Straight line
4
Tangible fixed assets
Land & buildings
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
1,861
14,738
5,799
22,398
At 31 March 2025
1,861
14,738
5,799
22,398
At 1 April 2024
974
12,767
5,799
19,540
Charge for the year
296
-
-
296
At 31 March 2025
1,270
12,767
5,799
19,836
At 31 March 2025
591
1,971
-
2,562
At 31 March 2024
887
1,971
-
2,858
WATTS THE FAULT LTD
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
3,600
Trade creditors
4,944
3,498
Taxes and social security
9,166
6,708
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).