REGISTERED NUMBER: 04454109 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Storewatch.co.uk Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr M P Ferns

Mr J Ferns

Mrs B L Ricketts

Mr S Manners

REGISTERED OFFICE:

Unit 30

Ventura Place

Upton Industrial Estate

Poole

Dorset

BH16 5SW

REGISTERED NUMBER:

04454109 (England and Wales)

ACCOUNTANTS:

Andrew Spencer Associates Limited

Chartered Certified Accountants

328 Chatsworth Avenue

Cosham

Portsmouth

Hampshire

PO6 2UP

FIXED ASSETS

Tangible assets

4

219,843

215,304

CURRENT ASSETS

Stocks

14,436

7,506

Debtors

5

583,589

624,168

Cash at bank and in hand

192,790

223,540

790,815

855,214

CREDITORS

Amounts falling due within one year

6

(700,934

)

(708,642

)

NET CURRENT ASSETS

89,881

146,572

TOTAL ASSETS LESS CURRENT LIABILITIES

309,724

361,876

CREDITORS

Amounts falling due after more than one year

7

(56,222

)

(140,527

)

PROVISIONS FOR LIABILITIES

(22,787

)

(19,525

)

NET ASSETS

230,715

201,824

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

230,615

201,724

SHAREHOLDERS' FUNDS

230,715

201,824

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 10 December 2025 and were signed on its behalf by:

Mr S Manners - Director

1.	STATUTORY INFORMATION

Storewatch.co.uk 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements relate to Storewatch.co.uk Limited as an individual entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover includes revenue earned from the sale of goods and the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of Goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

33% on cost

Computer Equipment

-

Straight line over 3 years

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 70 (2024 - 75 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 April 2024

6,471

572,591

34,422

Additions

-

10,527

(214

)

Disposals

-

-

-

At 31 March 2025

6,471

583,118

34,208

DEPRECIATION

At 1 April 2024

-

472,014

26,370

Charge for year

-

25,181

2,013

Eliminated on disposal

-

-

-

At 31 March 2025

-

497,195

28,383

NET BOOK VALUE

At 31 March 2025

6,471

85,923

5,825

At 31 March 2024

6,471

100,577

8,052

Motor

Computer

vehicles

Equipment

Totals

£

£

£

COST

At 1 April 2024

429,832

58,964

1,102,280

Additions

77,289

978

88,580

Disposals

(126,642

)

-

(126,642

)

At 31 March 2025

380,479

59,942

1,064,218

DEPRECIATION

At 1 April 2024

329,951

58,641

886,976

Charge for year

56,524

323

84,041

Eliminated on disposal

(126,642

)

-

(126,642

)

At 31 March 2025

259,833

58,964

844,375

NET BOOK VALUE

At 31 March 2025

120,646

978

219,843

At 31 March 2024

99,881

323

215,304

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

562,625

607,257

Other debtors

20,964

16,911

583,589

624,168

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

75,207

183,059

Hire purchase contracts

40,201

24,909

Trade creditors

216,063

156,874

Taxation and social security

198,076

193,869

Other creditors

171,387

149,931

700,934

708,642

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

2,500

115,833

Hire purchase contracts

53,722

24,694

56,222

140,527

8.

RESERVES

Retained

earnings

£

At 1 April 2024

201,724

Profit for the year

201,891

Voluntary contribution to EOT

(173,000

)

At 31 March 2025

230,615