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REGISTERED NUMBER: 07079110 (England and Wales)












Financial Statements

for the Year Ended 31 March 2025

for

S P B Watford Limited

S P B Watford Limited (Registered number: 07079110)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S P B Watford Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: S G Peters
Mrs N A Peters





SECRETARY: Mrs N A Peters





REGISTERED OFFICE: Hilltop Farm Bungalow
Hilltop Road
Kings Langley
Hertfordshire
WD4 8NS





REGISTERED NUMBER: 07079110 (England and Wales)





ACCOUNTANTS: Altway Business Services Limited
44 Links Way
Croxley Green
Rickmansworth
Hertfordshire
WD3 3RQ

S P B Watford Limited (Registered number: 07079110)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,616 54,407

CURRENT ASSETS
Stocks 4,500 5,500
Debtors 5 38,194 12,793
Cash at bank 184,597 299,929
227,291 318,222
CREDITORS
Amounts falling due within one year 6 31,739 56,678
NET CURRENT ASSETS 195,552 261,544
TOTAL ASSETS LESS CURRENT
LIABILITIES

231,168

315,951

PROVISIONS FOR LIABILITIES 6,767 10,337
NET ASSETS 224,401 305,614

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 224,399 305,612
SHAREHOLDERS' FUNDS 224,401 305,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

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

S P B Watford Limited (Registered number: 07079110)

Balance Sheet - continued
31 March 2025


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 10 June 2025 and were signed on its behalf by:




S G Peters - Director



Mrs N A Peters - Director


S P B Watford Limited (Registered number: 07079110)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

S P B Watford 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

S P B Watford Limited (Registered number: 07079110)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2024 1,603 7,942 85,791 95,336
Disposals - - (9,225 ) (9,225 )
At 31 March 2025 1,603 7,942 76,566 86,111
DEPRECIATION
At 1 April 2024 1,252 4,589 35,088 40,929
Charge for year 88 839 10,945 11,872
Eliminated on disposal - - (2,306 ) (2,306 )
At 31 March 2025 1,340 5,428 43,727 50,495
NET BOOK VALUE
At 31 March 2025 263 2,514 32,839 35,616
At 31 March 2024 351 3,353 50,703 54,407

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 33,151 7,827
Other debtors 5,043 4,966
38,194 12,793

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 15,609 22,206
Taxation and social security 16,416 35,189
Other creditors (286 ) (717 )
31,739 56,678

7. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by its two directors, S Peters and Mrs N Peters, by virtue of the fact that between them they own 100% of the issued share capital of the company.