Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-3111false2023-11-01falseNo description of principal activitytruefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14416458 2023-11-01 2024-10-31 14416458 2022-10-13 2023-10-31 14416458 2024-10-31 14416458 2023-10-31 14416458 c:Director1 2023-11-01 2024-10-31 14416458 d:CurrentFinancialInstruments 2024-10-31 14416458 d:CurrentFinancialInstruments 2023-10-31 14416458 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 14416458 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 14416458 d:ShareCapital 2024-10-31 14416458 d:ShareCapital 2023-10-31 14416458 d:RetainedEarningsAccumulatedLosses 2024-10-31 14416458 d:RetainedEarningsAccumulatedLosses 2023-10-31 14416458 c:FRS102 2023-11-01 2024-10-31 14416458 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 14416458 c:FullAccounts 2023-11-01 2024-10-31 14416458 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 14416458 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 14416458










THE WATCH NEST LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
THE WATCH NEST LIMITED
REGISTERED NUMBER: 14416458

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
40,181
25,606

Debtors: amounts falling due within one year
 4 
323
414

Cash at bank and in hand
 5 
533
3,069

  
41,037
29,089

Creditors: amounts falling due within one year
 6 
(33,061)
(26,585)

Net current assets
  
 
 
7,976
 
 
2,504

Total assets less current liabilities
  
7,976
2,504

  

Net assets
  
7,976
2,504


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
7,966
2,494

  
7,976
2,504


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 September 2025.




J M Thomas
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
THE WATCH NEST LIMITED
 

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

1.


General information

The Watch Nest Limited is a limited company incorporated in England and Wales. The company's registered office address is 4 Chester Court, Chester Hall Lane, Basildon, Essex SS14 3WR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 2

 
THE WATCH NEST LIMITED
 

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

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Trade debtors
323
414



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
533
3,069


Page 3

 
THE WATCH NEST LIMITED
 

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

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
1,330
2,529

Other taxation and social security
571
-

Other creditors
30,225
23,206

Accruals and deferred income
935
850

33,061
26,585



Page 4