REGISTERED NUMBER: 05340443 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Watts with the Delivery Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F J Watts

Mrs C A Watts

B J Watts

SECRETARY:

Mrs C A Watts

REGISTERED OFFICE:

2 Toomers Wharf

Canal Walk

Newbury

Berkshire

RG14 1DY

REGISTERED NUMBER:

05340443 (England and Wales)

ACCOUNTANTS:

E J Business Consultants Ltd

2 Toomers Wharf

Canal Walk

Newbury

Berkshire

RG14 1DY

FIXED ASSETS

Tangible assets

4

32,340

35,468

CURRENT ASSETS

Stocks

8,230

9,264

Debtors

5

11,178

34,677

Cash at bank and in hand

4,444

17,724

23,852

61,665

CREDITORS

Amounts falling due within one year

6

67,419

55,952

NET CURRENT (LIABILITIES)/ASSETS

(43,567

)

5,713

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,227

)

41,181

CREDITORS

Amounts falling due after more than one year

7

(1,565

)

(11,754

)

PROVISIONS FOR LIABILITIES

(6,145

)

(6,739

)

NET (LIABILITIES)/ASSETS

(18,937

)

22,688

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

(19,038

)

22,587

SHAREHOLDERS' FUNDS

(18,937

)

22,688

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 16 September 2025 and were signed on its behalf by:

F J Watts - Director

1.	STATUTORY INFORMATION

Watts with the Delivery Ltd 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 represents net invoiced sales of services, excluding value added tax.

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 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

10,846

6,060

91,011

3,943

111,860

Additions

8,000

-

-

-

8,000

Disposals

(1,950

)

-

-

-

(1,950

)

At 31 January 2025

16,896

6,060

91,011

3,943

117,910

DEPRECIATION

At 1 February 2024

8,997

3,043

61,078

3,274

76,392

Charge for year

2,376

754

7,483

168

10,781

Eliminated on disposal

(1,603

)

-

-

-

(1,603

)

At 31 January 2025

9,770

3,797

68,561

3,442

85,570

NET BOOK VALUE

At 31 January 2025

7,126

2,263

22,450

501

32,340

At 31 January 2024

1,849

3,017

29,933

669

35,468

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

8,525

23,311

Other debtors

376

72

Directors' loan accounts

-

9,406

Prepayments and accrued income

2,277

1,888

11,178

34,677

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

10,000

10,535

Trade creditors

1,714

1,526

Tax

3,416

13,651

Social security and other taxes

16,749

17,680

Other creditors

2,044

4,254

Directors' loan accounts

24,500

-

Accruals and deferred income

8,996

8,306

67,419

55,952

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans - 1-2 years

1,565

10,000

Bank loans - 2-5 years

-

1,754

1,565

11,754

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

F J Watts and Mrs C A Watts

Balance outstanding at start of year

9,406

3,983

Amounts advanced

-

13,423

Amounts repaid

(9,406

)

(8,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

9,406

9.	ULTIMATE CONTROLLING PARTY

The controlling party is F J Watts.