Company Registration No. 04385161 (England and Wales)
Watsons Electrical Limited
Unaudited accounts
for the year ended 31 March 2025
Watsons Electrical Limited
Unaudited accounts
Contents
Watsons Electrical Limited
Company Information
for the year ended 31 March 2025
Company Number
04385161 (England and Wales)
Registered Office
Unit 1, Engine Shed Lane
Skipton
North Yorkshire
BD23 1UP
Accountants
Pearson & Associates
Suite E, Canal Wharf
Eshton Road
Gargrave, Skipton
North Yorkshire
BD23 3SE
Watsons Electrical Limited
Statement of financial position
as at 31 March 2025
Tangible assets
185,072
177,806
Cash at bank and in hand
122,484
92,131
Creditors: amounts falling due within one year
(14,921)
(6,966)
Net current assets
191,217
172,772
Total assets less current liabilities
376,289
350,578
Provisions for liabilities
Deferred tax
(5,308)
(3,383)
Net assets
370,981
347,195
Called up share capital
2
2
Profit and loss account
370,979
347,193
Shareholders' funds
370,981
347,195
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 December 2025 and were signed on its behalf by
SE Watson
Director
Company Registration No. 04385161
Watsons Electrical Limited
Notes to the Accounts
for the year ended 31 March 2025
Watsons Electrical Limited is a private company, limited by shares, registered in England and Wales, registration number 04385161. The registered office is Unit 1, Engine Shed Lane, Skipton, North Yorkshire, BD23 1UP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Motor vehicles
25% on cost
Fixtures & fittings
25% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Watsons Electrical Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
134,274
9,392
45,715
1,891
191,272
Additions
-
-
18,236
-
18,236
At 31 March 2025
134,274
9,392
63,951
1,891
209,508
At 1 April 2024
-
8,016
4,977
473
13,466
Charge for the year
-
312
10,185
473
10,970
At 31 March 2025
-
8,328
15,162
946
24,436
At 31 March 2025
134,274
1,064
48,789
945
185,072
At 31 March 2024
134,274
1,376
40,738
1,418
177,806
Amounts falling due within one year
Trade debtors
43,154
47,107
Other debtors
40,500
40,500
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
1,544
7,016
Taxes and social security
13,365
(69)
Loans from directors
12
19
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).