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REGISTERED NUMBER: 05733871 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Watterston Associates Limited

Watterston Associates Limited (Registered number: 05733871)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Watterston Associates Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mrs J A Watterston
I R Watterston





SECRETARY: Mrs J A Watterston





REGISTERED OFFICE: 1 The Spinney
Waltham Road
Twyford
Berkshire
RG10 0BH





REGISTERED NUMBER: 05733871 (England and Wales)





ACCOUNTANT: Karen Bowles
Chartered Certified Accountant
Esher Place Lodge
59 More Lane
Esher
Surrey
KT10 8AR

Watterston Associates Limited (Registered number: 05733871)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 5,535 7,306
5,536 7,307

CURRENT ASSETS
Debtors 6 17,431 34,438
Cash at bank 117,578 116,319
135,009 150,757
CREDITORS
Amounts falling due within one year 7 73,633 84,696
NET CURRENT ASSETS 61,376 66,061
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,912

73,368

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 66,910 73,366
SHAREHOLDERS' FUNDS 66,912 73,368

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.

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 28 July 2025 and were signed on its behalf by:




Mrs J A Watterston - Director


Watterston Associates Limited (Registered number: 05733871)

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

1. STATUTORY INFORMATION

Watterston Associates 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, 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 etc - 25% on cost

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.

Watterston Associates Limited (Registered number: 05733871)

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 4 (2024 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 20,000
AMORTISATION
At 1 April 2024
and 31 March 2025 19,999
NET BOOK VALUE
At 31 March 2025 1
At 31 March 2024 1

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 56,510
Additions 3,117
Disposals (2,063 )
At 31 March 2025 57,564
DEPRECIATION
At 1 April 2024 49,204
Charge for year 4,370
Eliminated on disposal (1,545 )
At 31 March 2025 52,029
NET BOOK VALUE
At 31 March 2025 5,535
At 31 March 2024 7,306

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 9,044 19,139
Prepayments 8,387 15,299
17,431 34,438

Watterston Associates Limited (Registered number: 05733871)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 186 216
Tax 24,597 47,137
Social security and other taxes 249 865
VAT 10,619 7,797
Other creditors 2,000 2,611
NatWest Black 1,188 1,663
American Express 2,410 -
Sales in advance 28,084 12,132
Directors' current accounts 800 2,501
Accrued expenses 3,500 9,774
73,633 84,696