REGISTERED NUMBER: 08465116 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

WATSON ASSOCIATES (PROFESSIONAL

SERVICES) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Moore

G D Slater

R C Harris

I D Hamblyn

J C Males

M R Sellings

P Severn

S W Chown

S M Vine

G Hiller-Jones

J Funnell

SECRETARY:

S J Moore

REGISTERED OFFICE:

30-34 North Street

Hailsham

East Sussex

BN27 1DW

REGISTERED NUMBER:

08465116 (England and Wales)

ACCOUNTANTS:

Watson Associates (Professional Services) Limited

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

388,937

405,160

388,937

405,160

CURRENT ASSETS

Stocks

1,176,064

1,066,083

Debtors

6

1,367,889

1,232,315

Cash at bank and in hand

337,267

173,579

2,881,220

2,471,977

CREDITORS

Amounts falling due within one year

7

(1,064,830

)

(999,473

)

NET CURRENT ASSETS

1,816,390

1,472,504

TOTAL ASSETS LESS CURRENT LIABILITIES

2,205,327

1,877,664

CREDITORS

Amounts falling due after more than one year

8

(1,998,380

)

(1,703,041

)

NET ASSETS

206,947

174,623

CAPITAL AND RESERVES

Called up share capital

12,221

11,109

Share premium

194,700

163,450

Retained earnings

26

64

SHAREHOLDERS' FUNDS

206,947

174,623

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 28 November 2025 and were signed on its behalf by:

S J Moore - Director

1.	STATUTORY INFORMATION

Watson Associates (Professional Services) 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

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

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

-

10% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 76 (2024 - 73 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

2,150,001

AMORTISATION

At 1 April 2024

and 31 March 2025

2,150,001

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

69,213

164,878

433,345

862,807

1,530,243

Additions

-

23,854

6,004

21,068

50,926

At 31 March 2025

69,213

188,732

439,349

883,875

1,581,169

DEPRECIATION

At 1 April 2024

27,684

106,801

299,570

691,028

1,125,083

Charge for year

6,921

5,807

20,066

34,355

67,149

At 31 March 2025

34,605

112,608

319,636

725,383

1,192,232

NET BOOK VALUE

At 31 March 2025

34,608

76,124

119,713

158,492

388,937

At 31 March 2024

41,529

58,077

133,775

171,779

405,160

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,058,802

971,642

Other debtors

309,087

260,673

1,367,889

1,232,315

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

53,351

65,672

Trade creditors

110,766

120,877

Taxation and social security

900,649

812,924

Other creditors

64

-

1,064,830

999,473

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

55,713

Other creditors

1,998,380

1,647,328

1,998,380

1,703,041