Watcho MK Ltd 31/03/2025 iXBRL

Company registration number: 10793002

Watcho MK Ltd

Unaudited filleted financial statements

31 March 2025

Watcho MK Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Watcho MK Ltd

Directors and other information


	Director	Joy Choksi


	Secretary	Vidya Choksi


	Company number	10793002


	Registered office	12 Deer Walk
		Milton Keynes
		England
		MK9 3AB


	Accountants	ACE Accounts & Tax Limited
		2 Whittle Court
		Knowlhill
		Milton Keynes
		MK5 8FT

Watcho MK Ltd

Report to the director on the preparation of the

unaudited statutory financial statements of Watcho MK Ltd

Year ended 31 March 2025

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 March 2025 which comprise the statement of financial position, statement of changes in equity and related notes.

You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

ACE Accounts & Tax Limited

Chartered Certified Accountants

2 Whittle Court

Knowlhill

Milton Keynes

MK5 8FT

31 December 2025

Watcho MK Ltd

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	52,951		59,908
		_______		_______
			52,951		59,908

Current assets
Stocks		182,500		311,115
Debtors	6	120,540		110,715
Cash at bank and in hand		435,576		324,188
		_______		_______
		738,616		746,018
Creditors: amounts falling due
within one year	7	( 378,483)		( 410,993)
		_______		_______
Net current assets			360,133		335,025
			_______		_______
Total assets less current liabilities			413,084		394,933

Creditors: amounts falling due
after more than one year	8		( 68,750)		( 101,750)
			_______		_______
Net assets			344,334		293,183
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			344,234		293,083
			_______		_______
Shareholders funds			344,334		293,183
			_______		_______

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 31 December 2025 , and are signed on behalf of the board by:

Joy Choksi

Director

Company registration number: 10793002

Watcho MK Ltd

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	100	278,598	278,698

Profit for the year		54,485	54,485
	_______	_______	_______
Total comprehensive income for the year	-	54,485	54,485

Dividends paid and payable		( 40,000)	( 40,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 40,000)	( 40,000)

	_______	_______	_______
At 31 March 2024 and 1 April 2024	100	293,083	293,183

Profit for the year		91,151	91,151
	_______	_______	_______
Total comprehensive income for the year	-	91,151	91,151

Dividends paid and payable		( 40,000)	( 40,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 40,000)	( 40,000)

	_______	_______	_______
At 31 March 2025	100	344,234	344,334
	_______	_______	_______

Watcho MK Ltd

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Englandf and Wales. The address of the registered office is 12 Deer Walk, Milton Keynes, England, MK9 3AB.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	straight line
Motor vehicles	-	25 %	straight line
Computer equipment	-	33.33 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

4. Staff costs

The average number of persons employed by the company during the year amounted to 9 (2024: 9 ).

The aggregate payroll costs incurred during the year were:

	2025	2024
	£	£
Wages and salaries	94,232	76,545
Social security costs	84	-
Other pension costs	259	424
	_______	_______
	94,575	76,969
	_______	_______

5. Tangible assets

	Short leasehold property	Fixtures, fittings and equipment	Motor vehicles	Computer equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	5,325	53,901	28,095	2,503	89,824
Additions	-	16,514	-	316	16,830
	_______	_______	_______	_______	_______
At 31 March 2025	5,325	70,415	28,095	2,819	106,654
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2024	-	11,617	16,975	1,324	29,916
Charge for the year	-	16,000	7,024	763	23,787
	_______	_______	_______	_______	_______
At 31 March 2025	-	27,617	23,999	2,087	53,703
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2025	5,325	42,798	4,096	732	52,951
	_______	_______	_______	_______	_______
At 31 March 2024	5,325	42,284	11,120	1,179	59,908
	_______	_______	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	2,000	23,320
Other debtors	118,540	87,395
	_______	_______
	120,540	110,715
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	216,134	240,638
Corporation tax	23,486	2,437
Social security and other taxes	12,799	17,129
Other creditors	126,064	150,789
	_______	_______
	378,483	410,993
	_______	_______

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	68,750	101,750
	_______	_______

9. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Joy Choksi	( 117,417)	108,569	( 99,396)	( 108,244)
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the director	Amounts repaid	Balance o/standing
		£	£	£	£
	Joy Choksi	( 208,712)	209,698	( 118,403)	( 117,417)
		_______	_______	_______	_______