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REGISTERED NUMBER: 11196857 (England and Wales)















Unaudited Financial Statements for the Year Ended 28th February 2025

for

Watts And Son Building Limited

Watts And Son Building Limited (Registered number: 11196857)






Contents of the Financial Statements
for the Year Ended 28th February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Watts And Son Building Limited

Company Information
for the Year Ended 28th February 2025







DIRECTORS: L Watts
R Watts





REGISTERED OFFICE: 1579 London Road
Leigh on Sea
Essex
SS9 2SG





REGISTERED NUMBER: 11196857 (England and Wales)





ACCOUNTANTS: Beam & Co Accountancy Limited
1579 London Road
Leigh on Sea
Essex
SS9 2SG

Watts And Son Building Limited (Registered number: 11196857)

Balance Sheet
28th February 2025

28.2.25 28.2.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 731 976

CURRENT ASSETS
Stocks 100 350
Debtors 5 13,849 10,399
Cash at bank 3,638 3,511
17,587 14,260
CREDITORS
Amounts falling due within one year 6 9,502 8,195
NET CURRENT ASSETS 8,085 6,065
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,816

7,041

CREDITORS
Amounts falling due after more than one
year

7

11,564

14,388
NET LIABILITIES (2,748 ) (7,347 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (2,848 ) (7,447 )
SHAREHOLDERS' FUNDS (2,748 ) (7,347 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 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.

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 25th April 2025 and were signed on its behalf by:



L Watts - Director



R Watts - Director


Watts And Son Building Limited (Registered number: 11196857)

Notes to the Financial Statements
for the Year Ended 28th February 2025

1. STATUTORY INFORMATION

Watts And Son Building Limited 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.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Going concern
The accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company over the next 12 months.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

Watts And Son Building Limited (Registered number: 11196857)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 29th February 2024
and 28th February 2025 2,552
DEPRECIATION
At 29th February 2024 1,576
Charge for year 245
At 28th February 2025 1,821
NET BOOK VALUE
At 28th February 2025 731
At 28th February 2024 976

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 28.2.24
£    £   
Trade debtors - 1,740
Other debtors 13,849 8,659
13,849 10,399

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 28.2.24
£    £   
Bank loans and overdrafts 3,119 3,049
Trade creditors 380 100
Taxation and social security 5,393 4,262
Other creditors 610 784
9,502 8,195

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.25 28.2.24
£    £   
Bank loans 11,564 14,388

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,389

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.25 28.2.24
£    £   
Bank loans 14,683 17,437

During the year ended 28th February 2021 the company obtained a loan under the Coronavirus Bounce Back Loan Scheme. Under the terms of the loan no repayments were due for the first 12 months of the loan. A guarantee was been provided by the Secretary of State for Business, Energy and Industrial Strategy.

Watts And Son Building Limited (Registered number: 11196857)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2025

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.25 28.2.24
value: £    £   
100 ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28th February 2025 and 28th February 2024:

28.2.25 28.2.24
£    £   
L Watts
Balance outstanding at start of year 2,580 3,775
Amounts advanced 758 2,580
Amounts repaid (2,580 ) (3,775 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 758 2,580

R Watts
Balance outstanding at start of year 2,580 3,775
Amounts advanced 758 2,580
Amounts repaid (2,580 ) (3,775 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 758 2,580