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Registration number: 00721366

A.T.Watkinson Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

A.T.Watkinson Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

A.T.Watkinson Limited

Company Information

Directors | D G Watkinson R A D Watkinson

Registered office | First Floor 20 Britton Street London EC1M 5UA

Accountants | Rouse Accountants Chartered Certified Accountants10 Ardmore Way Guildford Surrey GU2 9RR

A.T.Watkinson Limited

(Registration number: 00721366)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 98,806 | 127,035
Current assets |  |  |
Stocks | 5 | 2,108,471 | 2,089,260
Debtors | 6 | 61,917 | 40,128
Cash at bank and in hand |  | 20,260 | 14,004
|  | 2,190,648 | 2,143,392
Creditors: Amounts falling due within one year | 7 | (397,908) | (342,915)
Net current assets |  | 1,792,740 | 1,800,477
Net assets |  | 1,891,546 | 1,927,512
Capital and reserves |  |  |
Called up share capital | 8 | 5,000 | 5,000
Retained earnings |  | 1,886,546 | 1,922,512
Shareholders' funds |  | 1,891,546 | 1,927,512

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 August 2025 and signed on its behalf by:

......................................... D G Watkinson Director

A.T.Watkinson Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
First Floor
20 Britton Street
London
EC1M 5UA

These financial statements were authorised for issue by the Board on 1 August 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

A.T.Watkinson Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Furniture and equipment is depreciated over its expected useful life at the following rate:

Asset class | Depreciation method and rate
Furniture and Equipment | 20% per annum straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

A.T.Watkinson Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 9).

A.T.Watkinson Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 May 2024 | 152,530 | 152,530
At 30 April 2025 | 152,530 | 152,530
Depreciation
At 1 May 2024 | 25,495 | 25,495
Charge for the year | 28,229 | 28,229
At 30 April 2025 | 53,724 | 53,724
Carrying amount
At 30 April 2025 | 98,806 | 98,806
At 30 April 2024 | 127,035 | 127,035

5 | stocks

| 2025 £ | 2024 £
Other inventories | 2,108,471 | 2,089,260

The carrying amount of stocks pledged as security for liabilities amounted to £2,108,471 (2024 - £2,089,260).

6 | debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | - | 1,445
Amounts owed by related parties |  | 49,829 | -
Prepayments |  | 12,088 | 18,135
Other debtors |  | - | 20,548
|  | 61,917 | 40,128

A.T.Watkinson Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 235,901 | 237,995
Taxation and social security |  | 45,956 | 63,946
Accruals and deferred income |  | 9,750 | 7,900
Other creditors |  | 106,301 | 33,074
|  | 397,908 | 342,915

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 5,000 | 5,000 | 5,000 | 5,000

9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts | 235,901 | 237,995