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REGISTERED NUMBER: 09602636 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

D C WATTS LIMITED

D C WATTS LIMITED (REGISTERED NUMBER: 09602636)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


D C WATTS LIMITED

Company Information
for the year ended 31 December 2024







Directors: Mrs D Watts
Mr C J Watts
Mr M J Hayes





Registered office: 23 Algitha Road
Skegness
United Kingdom
Lincolnshire
PE25 2AG





Registered number: 09602636 (England and Wales)





Accountants: Haines Watts
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

D C WATTS LIMITED (REGISTERED NUMBER: 09602636)

Statement of Financial Position
31 December 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 140,456 159,901
140,456 159,901

Current assets
Stocks 3,000 3,200
Debtors 6 164,640 174,772
Cash at bank and in hand 46,636 32,327
214,276 210,299
Creditors
Amounts falling due within one year 7 75,985 47,979
Net current assets 138,291 162,320
Total assets less current liabilities 278,747 322,221

Creditors
Amounts falling due after more than one year 8 (4,167 ) (14,167 )

Provisions for liabilities (16,939 ) (20,101 )
Net assets 257,641 287,953

Capital and reserves
Called up share capital 9 100 100
Retained earnings 10 257,541 287,853
Shareholders' funds 257,641 287,953

D C WATTS LIMITED (REGISTERED NUMBER: 09602636)

Statement of Financial Position - continued
31 December 2024


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.

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 16 June 2025 and were signed on its behalf by:





Mrs D Watts - Director


D C WATTS LIMITED (REGISTERED NUMBER: 09602636)

Notes to the Financial Statements
for the year ended 31 December 2024


1. Statutory information

D C Watts 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

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.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

D C WATTS LIMITED (REGISTERED NUMBER: 09602636)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


3. Employees and directors

The average number of employees during the year was 17 (2023 - 17 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1 January 2024
and 31 December 2024 43,000
Amortisation
At 1 January 2024
and 31 December 2024 43,000
Net book value
At 31 December 2024 -
At 31 December 2023 -

5. Tangible fixed assets
Long Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£ £ £ £ £
Cost
At 1 January 2024 48,262 230,654 15,854 2,063 296,833
Additions - 1,981 - - 1,981
At 31 December 2024 48,262 232,635 15,854 2,063 298,814
Depreciation
At 1 January 2024 8,162 122,327 6,211 232 136,932
Charge for year 1,930 16,398 2,411 687 21,426
At 31 December 2024 10,092 138,725 8,622 919 158,358
Net book value
At 31 December 2024 38,170 93,910 7,232 1,144 140,456
At 31 December 2023 40,100 108,327 9,643 1,831 159,901

6. Debtors: amounts falling due within one year
2024 2023
£ £
Floyd Lodge Ltd 149,959 163,715
Rosco Shellfish Ltd 5,600 -
VAT balance 252 -
Prepayments 8,829 11,057
164,640 174,772

D C WATTS LIMITED (REGISTERED NUMBER: 09602636)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 9,151 8,749
Corporation tax 8,035 9,384
Social security and other taxes 340 -
VAT balance - 490
Other creditors 701 -
Rosco Shellfish Ltd - 18,441
Directors' current accounts 47,758 915
75,985 47,979

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 1-2 years 4,167 14,167

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

10. Reserves
Retained
earnings
£

At 1 January 2024 287,853
Profit for the year 16,228
Dividends (46,540 )
At 31 December 2024 257,541