REGISTERED NUMBER: 12596348 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

WATKINS ENTERPRISE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A S Watkins

REGISTERED OFFICE:

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

REGISTERED NUMBER:

12596348 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Tangible assets

4

39,206

46,849

Investments

5

49

-

39,255

46,849

CURRENT ASSETS

Stocks

5,000

5,000

Debtors

6

3,743

7,500

Cash at bank

37,137

61,625

45,880

74,125

CREDITORS

Amounts falling due within one year

7

75,441

110,659

NET CURRENT LIABILITIES

(29,561

)

(36,534

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,694

10,315

PROVISIONS FOR LIABILITIES

8

7,449

8,901

NET ASSETS

2,245

1,414

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

2,145

1,314

SHAREHOLDERS' FUNDS

2,245

1,414

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 director acknowledges his 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 director and authorised for issue on 29 September 2025 and were signed by:

A S Watkins - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

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

Motor vehicles

-

15% on reducing balance

Computer equipment

-

25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

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.

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.

Going concern

The director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, thus continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Fixed asset investments

Fixed asset investments are shown at cost less provision for impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

58,090

8,126

66,216

Additions

-

999

999

At 31 March 2025

58,090

9,125

67,215

DEPRECIATION

At 1 April 2024

14,577

4,790

19,367

Charge for year

6,527

2,115

8,642

At 31 March 2025

21,104

6,905

28,009

NET BOOK VALUE

At 31 March 2025

36,986

2,220

39,206

At 31 March 2024

43,513

3,336

46,849

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

49

At 31 March 2025

49

NET BOOK VALUE

At 31 March 2025

49

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

3,502

1,273

Other debtors

-

5,000

Tax

-

930

Prepayments and accrued income

241

297

3,743

7,500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

10,534

23,888

Tax

381

8,730

Social security and other taxes

160

160

VAT

2,348

574

Amounts due to related

undertakings

6,420

7,000

Directors' current accounts

53,398

62,459

Accrued expenses

2,200

7,848

75,441

110,659

8.	PROVISIONS FOR LIABILITIES

31/3/25

31/3/24

£

£

Deferred tax

7,449

8,901

Deferred

tax

£

Balance at 1 April 2024

8,901

Credit to Income Statement during year

(1,452

)

Balance at 31 March 2025

7,449

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Retained

earnings

£

At 1 April 2024

1,314

Profit for the year

15,831

Dividends

(15,000

)

At 31 March 2025

2,145

11.	RELATED PARTY DISCLOSURES

W Web Design & Hosting Limited, a company registered in England & Wales, is considered a related party by virtue of the company's shareholding in W Web Design & Hosting Limited.

During the year, the company received dividends from W Web Design & Hosting Limited totalling £20,580 (2024: £Nil).

As at 31 March 2025, the amount outstanding owed to W Web Design & Hosting Limited was £6,420.