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Company Registration No. 155253 (England and Wales)
Watson's Motor Works Limited Unaudited accounts for the year ended 31 March 2025
Watson's Motor Works Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Watson's Motor Works Limited Company Information for the year ended 31 March 2025
Directors
B C Ward S Ward D Baker
Company Number
155253 (England and Wales)
Registered Office
4 Etnam Street Leominster Herefordshire HR6 8AQ England
Accountants
Armstrong Rogers & Co 45 Etnam Street Leominster Herefordshire HR6 8AE
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Watson's Motor Works Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
438,783
451,117
Current assets
Inventories
587,408
507,597
Debtors
5
48,705
76,125
Cash at bank and in hand
59,546
2,066
695,659
585,788
Creditors: amounts falling due within one year
6
(115,946)
(83,297)
Net current assets
579,713
502,491
Total assets less current liabilities
1,018,496
953,608
Creditors: amounts falling due after more than one year
7
(3,367)
(13,333)
Provisions for liabilities
Deferred tax
(5,518)
(6,862)
Net assets
1,009,611
933,413
Capital and reserves
Called up share capital
4,105
4,105
Revaluation reserve
365,239
365,239
Profit and loss account
640,267
564,069
Shareholders' funds
1,009,611
933,413
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2025 and were signed on its behalf by
S Ward Director Company Registration No. 155253
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Watson's Motor Works Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Watson's Motor Works Limited is a private company, limited by shares, registered in England and Wales, registration number 155253. The registered office is 4 Etnam Street, Leominster, Herefordshire, HR6 8AQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5 Years
Computer equipment
5 Years
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Watson's Motor Works Limited Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
415,000
134,963
8,971
558,934
At 31 March 2025
415,000
134,963
8,971
558,934
Depreciation
At 1 April 2024
-
98,985
8,832
107,817
Charge for the year
-
12,264
70
12,334
At 31 March 2025
-
111,249
8,902
120,151
Net book value
At 31 March 2025
415,000
23,714
69
438,783
At 31 March 2024
415,000
35,978
139
451,117
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
47,834
67,969
Accrued income and prepayments
864
696
Other debtors
7
7,460
48,705
76,125
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
19,812
21,905
Trade creditors
24,287
24,421
Taxes and social security
67,532
33,751
Accruals
4,315
3,220
115,946
83,297
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
3,367
13,333
8
Average number of employees
During the year the average number of employees was 14 (2024: 16).
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