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REGISTERED NUMBER: 12791917 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Onwatch (UK) Limited

Onwatch (UK) Limited (Registered number: 12791917)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 5

Chartered Accountants' Report 8

Onwatch (UK) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: P C Gould
Mrs H Gould





REGISTERED OFFICE: Hole Farm
Lye Green
Crowborough
East Sussex
TN6 1UU





REGISTERED NUMBER: 12791917 (England and Wales)





ACCOUNTANTS: CED Accountancy Services Limited
1 Lucas Bridge Business Park
1 Old Greens Norton Road
Towcester
Northamptonshire
NN12 8AX

Onwatch (UK) Limited (Registered number: 12791917)

Abridged Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,095
Tangible assets 5 101,435 68,452
101,435 69,547

CURRENT ASSETS
Stocks 45,252 29,410
Debtors 888,786 730,314
Cash at bank 353,845 190,951
1,287,883 950,675
CREDITORS
Amounts falling due within one year 1,055,171 772,806
NET CURRENT ASSETS 232,712 177,869
TOTAL ASSETS LESS CURRENT
LIABILITIES

334,147

247,416

CREDITORS
Amounts falling due after more than one year (186,896 ) (186,896 )

PROVISIONS FOR LIABILITIES (25,359 ) (17,113 )
NET ASSETS 121,892 43,407

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Retained earnings 120,890 42,405
121,892 43,407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

Onwatch (UK) Limited (Registered number: 12791917)

Abridged Balance Sheet - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

Onwatch (UK) Limited (Registered number: 12791917)

Abridged Balance Sheet - continued
31 December 2024



The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by:





P C Gould - Director


Onwatch (UK) Limited (Registered number: 12791917)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Onwatch (UK) 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

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 - 25% on cost
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Onwatch (UK) Limited (Registered number: 12791917)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 39 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024
and 31 December 2024 4,975
AMORTISATION
At 1 January 2024 3,880
Amortisation for year 1,095
At 31 December 2024 4,975
NET BOOK VALUE

At 31 December 2024 -
At 31 December 2023 1,095

Onwatch (UK) Limited (Registered number: 12791917)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 184,710
Additions 74,765
At 31 December 2024 259,475
DEPRECIATION
At 1 January 2024 116,258
Charge for year 41,782
At 31 December 2024 158,040
NET BOOK VALUE
At 31 December 2024 101,435
At 31 December 2023 68,452

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Onwatch (UK) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Onwatch (UK) Limited for the year ended 31 December 2024 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Onwatch (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Onwatch (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Onwatch (UK) Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Onwatch (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Onwatch (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Onwatch (UK) Limited. You consider that Onwatch (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Onwatch (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






CED Accountancy Services Limited
1 Lucas Bridge Business Park
1 Old Greens Norton Road
Towcester
Northamptonshire
NN12 8AX


1 May 2025