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REGISTERED NUMBER: 05893607 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

M B WATSON LTD

M B WATSON LTD (REGISTERED NUMBER: 05893607)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M B WATSON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: M B Watson
Mrs S Watson





SECRETARY: The William Marshall Partnership Limited





REGISTERED OFFICE: Park View House
Ropewalk
Fishguard
Pembrokeshire
SA65 9BT





REGISTERED NUMBER: 05893607 (England and Wales)





ACCOUNTANTS: William Marshall & Co
Financial Accountants
Park View House
Ropewalk
Fishguard
Pembrokeshire
SA65 9BT

M B WATSON LTD (REGISTERED NUMBER: 05893607)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 38,629 51,506

CURRENT ASSETS
Debtors 5 3,116 388
Cash at bank - 4,343
3,116 4,731
CREDITORS
Amounts falling due within one year 6 11,687 10,696
NET CURRENT LIABILITIES (8,571 ) (5,965 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,058

45,541

CREDITORS
Amounts falling due after more than one year 7 22,925 31,717
NET ASSETS 7,133 13,824

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 6,933 13,624
SHAREHOLDERS' FUNDS 7,133 13,824

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

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

M B WATSON LTD (REGISTERED NUMBER: 05893607)

BALANCE SHEET - continued
31 AUGUST 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





M B Watson - Director


M B WATSON LTD (REGISTERED NUMBER: 05893607)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

M B Watson Ltd 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 represents net invoiced sales of the hire and operation of plant, machinery and equipment.

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 - at varying rates on cost
Tools & equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Tools &
machinery equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 80,559 4,964 85,523
DEPRECIATION
At 1 September 2023 29,193 4,824 34,017
Charge for year 12,842 35 12,877
At 31 August 2024 42,035 4,859 46,894
NET BOOK VALUE
At 31 August 2024 38,524 105 38,629
At 31 August 2023 51,366 140 51,506

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,038 320
Prepayments 78 68
3,116 388

M B WATSON LTD (REGISTERED NUMBER: 05893607)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 2,367 1,089
Hire purchase contracts 4,498 4,084
Trade creditors 1,466 1,146
VAT 590 834
Other creditors 2,261 1,266
Directors' current accounts 505 1,589
Accrued expenses - 688
11,687 10,696

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 747 1,797
Hire purchase contracts 19,871 24,369
Directors' loan accounts 2,307 5,551
22,925 31,717

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 1,274 -
Bank loans 1,093 1,089
2,367 1,089

Amounts falling due between one and two years:
Bank loans - 1-2 years 747 1,797

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
20 Ordinary £1.00 20 20
90 "A" Ordinary £1.00 90 90
90 "B" Ordinary £1.00 90 90
200 200