Watch This Space Consultancy Ltd 11869460 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is consultancy Digita Accounts Production Advanced 6.30.9574.0 true true 11869460 2024-01-01 2024-12-31 11869460 2024-12-31 11869460 core:RetainedEarningsAccumulatedLosses 2024-12-31 11869460 core:ShareCapital 2024-12-31 11869460 core:CurrentFinancialInstruments 2024-12-31 11869460 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 11869460 core:Non-currentFinancialInstruments 2024-12-31 11869460 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 11869460 bus:SmallEntities 2024-01-01 2024-12-31 11869460 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 11869460 bus:FilletedAccounts 2024-01-01 2024-12-31 11869460 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11869460 bus:RegisteredOffice 2024-01-01 2024-12-31 11869460 bus:Director1 2024-01-01 2024-12-31 11869460 bus:Director2 2024-01-01 2024-12-31 11869460 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11869460 1 2024-01-01 2024-12-31 11869460 countries:AllCountries 2024-01-01 2024-12-31 11869460 2023-01-01 2023-12-31 11869460 2023-12-31 11869460 core:RetainedEarningsAccumulatedLosses 2023-12-31 11869460 core:ShareCapital 2023-12-31 11869460 core:CurrentFinancialInstruments 2023-12-31 11869460 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11869460 core:Non-currentFinancialInstruments 2023-12-31 11869460 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 11869460

Watch This Space Consultancy Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Watch This Space Consultancy Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Watch This Space Consultancy Ltd

Company Information

Directors

AG Mowbray

JL Sach

Registered office

Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT

 

Watch This Space Consultancy Ltd

(Registration number: 11869460)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

29,252

21,514

Cash at bank and in hand

 

5,195

134

 

34,447

21,648

Creditors: Amounts falling due within one year

5

(16,239)

(16,083)

Total assets less current liabilities

 

18,208

5,565

Creditors: Amounts falling due after more than one year

5

(816)

(2,217)

Net assets

 

17,392

3,348

Capital and reserves

 

Called up share capital

2

2

Retained earnings

17,390

3,346

Shareholders' funds

 

17,392

3,348

For the financial 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.

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 20 May 2025 and signed on its behalf by:
 

.........................................
AG Mowbray
Director

.........................................
JL Sach
Director

 

Watch This Space Consultancy Ltd

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

1

General information

The company is a private company limited by share capital incorporated in England & Wales and the company registration number is 11869460.

The address of its registered office is:
Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT

These financial statements were authorised for issue by the Board on 20 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.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover arises from the provision of consultancy services. Turnover is measured at the fair value of the consideration received or receivable and represents amounts for the rendering of services in the normal course of business, net of discounts and other sales-related taxes.

Turnover from the provision of services is recognised when the service is performed.

Tax

Taxation for the period comprises current tax. Tax is recognised in the Profit and Loss Account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or subsequently enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

 

Watch This Space Consultancy Ltd

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

Borrowings

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

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

4

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings

7

29,250

21,250

Other debtors

 

2

264

 

29,252

21,514

 

Watch This Space Consultancy Ltd

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

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

1,400

1,400

Taxation and social security

 

4,040

-

Accruals and deferred income

 

790

785

Amounts due to group undertakings

 

10,009

13,898

 

16,239

16,083

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

6

816

2,217

6

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

816

2,217

Current loans and borrowings

2024
£

2023
£

Bank borrowings

1,400

1,400

Bank borrowings relate to an unsecured bounce back loan.

7

Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'the Financial Reporting Standard applicable in the UK and Republic of Ireland' not to disclose related party transactions with wholly owned subsidiaries within the group.

 

Watch This Space Consultancy Ltd

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

8

Parent and ultimate parent undertaking

The Company's immediate parent is SZR Holdings Ltd, incorporated in England & Wales.

  These financial statements are available upon request from
Kingfisher Court
Plaxton Bridge Road
Woodmansey
East Yorkshire
HU17 0RT