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Registration number: 04842205

Chris Watts Building & Maintenance Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Chris Watts Building & Maintenance Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Chris Watts Building & Maintenance Limited

Company Information

Directors

C Watts

E Watts

Company secretary

E Watts

Registered office

Unit 5 Cooper House
Lower Charlton Trading Estate
Shepton Mallet
BA4 5QE

Accountants

Burton Sweet Ltd
Chartered Accountants & Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Chris Watts Building & Maintenance Limited

(Registration number: 04842205)
Balance Sheet
30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,009

5,346

Current assets

 

Debtors

5

1,306

2,566

Cash at bank and in hand

 

1,029

920

 

2,335

3,486

Creditors: Amounts falling due within one year

6

(36,764)

(28,315)

Net current liabilities

 

(34,429)

(24,829)

Total assets less current liabilities

 

(30,420)

(19,483)

Creditors: Amounts falling due after more than one year

6

(2,667)

(6,667)

Net liabilities

 

(33,087)

(26,150)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(33,088)

(26,151)

Shareholders' deficit

 

(33,087)

(26,150)

 

Chris Watts Building & Maintenance Limited

(Registration number: 04842205)
Balance Sheet
30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 May 2025 and signed on its behalf by:
 

.........................................
C Watts
Director

 

Chris Watts Building & Maintenance Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 5 Cooper House
Lower Charlton Trading Estate
Shepton Mallet
BA4 5QE

These financial statements were authorised for issue by the Board on 24 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis due to the ongoing support of the directors.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

 

Chris Watts Building & Maintenance Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

25% on the reducing balance

Fixtures & fittings

25% on the reducing balance

Motor vehicles

25% on the reducing balance

Offcie equipment

25% on the reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

 

Chris Watts Building & Maintenance Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Chris Watts Building & Maintenance Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

4,237

24,639

19,103

9,299

57,278

At 30 September 2024

4,237

24,639

19,103

9,299

57,278

Depreciation

At 1 October 2023

4,012

21,484

18,174

8,263

51,933

Charge for the year

56

789

232

259

1,336

At 30 September 2024

4,068

22,273

18,406

8,522

53,269

Carrying amount

At 30 September 2024

169

2,366

697

777

4,009

At 30 September 2023

225

3,155

929

1,037

5,346

 

Chris Watts Building & Maintenance Limited

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

5

Debtors

2024
£

2023
£

Trade debtors

-

1,201

Other debtors

938

1,029

Prepayments

368

336

1,306

2,566

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

4,000

4,000

Trade creditors

 

1,021

673

Accruals and deferred income

 

1,050

990

Other creditors

 

30,693

22,652

 

36,764

28,315

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

2,667

6,667

Current loans and borrowings

2024
£

2023
£

Bank borrowings

4,000

4,000