REGISTERED NUMBER: 06649142 (England and Wales)

Financial Statements for the Year Ended 30 June 2025

for

J. Watson & Sons Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Watson

Mr S J Watson

Mr A M Watson

SECRETARY:

Mr S J Watson

REGISTERED OFFICE:

c/o Haines Watts

Keepers Lane

The Wergs

Wolverhampton

West Midlands

WV6 8UA

REGISTERED NUMBER:

06649142 (England and Wales)

ACCOUNTANTS:

Haines Watts Wolverhampton Limited

Keepers Lane

The Wergs

Wolverhampton

West Midlands

WV6 8UA

FIXED ASSETS

Intangible assets

4

65,000

85,000

Tangible assets

5

1,711,101

1,430,600

1,776,101

1,515,600

CURRENT ASSETS

Stocks

245,000

395,000

Debtors

6

502,576

524,075

Cash at bank and in hand

1,402,107

584,436

2,149,683

1,503,511

CREDITORS

Amounts falling due within one year

7

1,038,053

580,083

NET CURRENT ASSETS

1,111,630

923,428

TOTAL ASSETS LESS CURRENT LIABILITIES

2,887,731

2,439,028

PROVISIONS FOR LIABILITIES

264,903

194,617

NET ASSETS

2,622,828

2,244,411

CAPITAL AND RESERVES

Called up share capital

9

99

99

Retained earnings

2,622,729

2,244,312

SHAREHOLDERS' FUNDS

2,622,828

2,244,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

Mr S J Watson - Director

1.	STATUTORY INFORMATION

J. Watson & Sons 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

The turnover shown in the profit and loss account is the amount receivable for the provision of goods and services falling within the Company's activities, net of Value Added Tax, rebates and trade discounts.

Turnover from the provision of goods and services is recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty 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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Inventories has been valued at the lower of cost and estimated selling price less costs to sell.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

400,000

AMORTISATION

At 1 July 2024

315,000

Charge for year

20,000

At 30 June 2025

335,000

NET BOOK VALUE

At 30 June 2025

65,000

At 30 June 2024

85,000

5.	TANGIBLE FIXED ASSETS

Expenditure

Freehold

on

Plant and

property

Property

machinery

£

£

£

COST

At 1 July 2024

626,527

26,850

1,780,777

Additions

-

-

286,466

Disposals

-

-

(6,488

)

At 30 June 2025

626,527

26,850

2,060,755

DEPRECIATION

At 1 July 2024

-

-

1,151,900

Charge for year

-

-

154,477

Eliminated on disposal

-

-

(2,764

)

At 30 June 2025

-

-

1,303,613

NET BOOK VALUE

At 30 June 2025

626,527

26,850

757,142

At 30 June 2024

626,527

26,850

628,877

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 July 2024

65,648

153,345

2,653,147

Additions

3,919

187,022

477,407

Disposals

-

-

(6,488

)

At 30 June 2025

69,567

340,367

3,124,066

DEPRECIATION

At 1 July 2024

50,818

19,829

1,222,547

Charge for year

5,326

33,379

193,182

Eliminated on disposal

-

-

(2,764

)

At 30 June 2025

56,144

53,208

1,412,965

NET BOOK VALUE

At 30 June 2025

13,423

287,159

1,711,101

At 30 June 2024

14,830

133,516

1,430,600

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

444,760

512,748

Amounts owed by group undertakings

45,000

-

Other debtors

12,816

11,327

502,576

524,075

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,739

11,650

Trade creditors

46,123

69,479

Amounts owed to group undertakings

328,678

81,619

Taxation and social security

425,642

369,847

Other creditors

230,871

47,488

1,038,053

580,083

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

6,739

11,650

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

33

Ordinary Class A

£1

33

33

33

Ordinary Class B

£1

33

33

33

Ordinary Class C

£1

33

33

99

99

10.	ULTIMATE CONTROLLING PARTY

The immediate controlling party is J Watson Holdings Limited.

The ultimate controlling parties are Mr S J Watson and Mr A M Watson, majority shareholders of J Watson Holdings Limited.