Company Registration No. SC349366 (Scotland)
W & M Watson Packaging Limited
Unaudited accounts
for the year ended 31 December 2024
W & M Watson Packaging Limited
Unaudited accounts
Contents
W & M Watson Packaging Limited
Company Information
for the year ended 31 December 2024
Directors
Christopher Thomas Kelly
Clare Frances Bett
Nicola Garioch
Allan Beckett
Company Number
SC349366 (Scotland)
Registered Office
133 Barfillan Drive
Craigton Industrial Estate
Glasgow
G52 1BY
Scotland
W & M Watson Packaging Limited
Statement of financial position
as at 31 December 2024
Tangible assets
315,575
364,450
Investments
693,700
35,000
Inventories
1,557,521
1,838,472
Debtors
4,780,863
4,885,370
Cash at bank and in hand
43,018
108,953
Creditors: amounts falling due within one year
(2,436,400)
(3,086,399)
Net current assets
3,945,002
3,746,396
Total assets less current liabilities
4,954,277
4,145,846
Creditors: amounts falling due after more than one year
(45,479)
(72,766)
Net assets
4,908,798
4,073,080
Called up share capital
300,000
300,000
Profit and loss account
4,608,798
3,773,080
Shareholders' funds
4,908,798
4,073,080
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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 12 May 2025 and were signed on its behalf by
Christopher Thomas Kelly
Director
Company Registration No. SC349366
W & M Watson Packaging Limited
Notes to the Accounts
for the year ended 31 December 2024
W & M Watson Packaging Limited is a private company, limited by shares, registered in Scotland, registration number SC349366. The registered office is 133 Barfillan Drive, Craigton Industrial Estate, Glasgow, G52 1BY, Scotland.
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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:
Plant & machinery
3 Years Straight Line
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Tangible fixed assets
Total
At 31 December 2024
1,168,235
Charge for the year
311,475
At 31 December 2024
852,660
At 31 December 2024
315,575
At 31 December 2023
364,450
Allotted, called up and fully paid:
300,000 Ordinary shares of £1 each
300,000
300,000
W & M Watson Packaging Limited
Notes to the Accounts
for the year ended 31 December 2024
During the year there were no advancements or loans to the directors.
W&M Watson Packaging Limited is a wholly owned subsidiary of The UPAC Group Limited, the principal place of business and registered address of the UPAC Group Limited is 133 Barfillan Drive, Craigton Industrial Estate, Glasgow, G52 1BY
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Average number of employees
During the year the average number of employees was 56 (2023: 50).