WATSON & SOLE ASSOCIATES LIMITED


Directors	DENTON, Samuel Garry
	MCLAUGHLIN, Lisa
	VERMONT, Paul


Company Secretary	VERMONT, Paul


Registered Address	1 Gemini Court
	42a Throwley Way
	Sutton
	SM1 4AF


Registered Number	01024026 (England and Wales)

Statement of Financial Position
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		32,763		35,009
			32,763		35,009
Current assets
Debtors	4	350,125		299,672
Cash at bank and on hand		167,372		82,021
		517,497		381,693
Creditors amounts falling due within one year	5	(121,081)		(101,907)
Net current assets (liabilities)			396,416		279,786
Total assets less current liabilities			429,179		314,795
Provisions for liabilities	6		(7,893)		(6,376)
Accruals and deferred income			(66,415)		(13,724)
Net assets			354,871		294,695
Capital and reserves
Called up share capital			500		500
Profit and loss account			354,371		294,195
Shareholders' funds			354,871		294,695

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 7 January 2026, and are signed on its behalf by:

DENTON, Samuel Garry
Director

MCLAUGHLIN, Lisa
Director

VERMONT, Paul
Director

Registered Company No. 01024026

WATSON & SOLE ASSOCIATES LIMITED

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

	Employee benefits
	The company operates defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to profit or loss in the period to which they relate. The company has an automatic enrolment workplace pension in which two of the directors and relevant staff are enrolled. The contributions for each individual are held separately with The People's Pension scheme no: 139980. One of the director's pension schemes is The Executive Pension Plan Scheme no:2916960 (Zurich). The assets of the scheme are held separately in an independently administered fund.

Employee benefits

The company operates defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to profit or loss in the period to which they relate.
The company has an automatic enrolment workplace pension in which two of the directors and relevant staff are enrolled. The contributions for each individual are held separately with The People's Pension scheme no: 139980.
One of the director's pension schemes is The Executive Pension Plan Scheme no:2916960 (Zurich). The assets of the scheme are held separately in an independently administered fund.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Research and development
	Research and Development The company has made substantial progress in advancing the technological sophistication of Inteli-Scan, our proprietary Online Operations & Maintenance (O&M) Portal, through a structured and multi-phase programme of research, development, and system optimisation.This financial year represents a defining stage in the platform’s evolution, marked by the complete modernisation of the Inteli-Scan hardware infrastructure and a comprehensive software re-engineering programme undertaken to ensure full architectural synchronisation between the two environments.These developments have fundamentally strengthened the platform’s core systems architecture, enabling higher throughput, reduced latency, and enhanced resilience. The modernisation strategy has incorporated next-generation components and refined processing frameworks designed to improve overall computational efficiency, data integrity, and system interoperability across diverse operational conditions.Within the scope of our R&D activities, substantial emphasis has been placed on optimising system functionality, scalability, and service reliability. The newly integrated hardware-software ecosystem now delivers superior operational performance and significantly improved system uptime.Our technical teams have prioritised key focus areas including real-time data orchestration, fault-tolerant processing, and adaptive user interface performance. Through advanced refactoring of both back-end and front-end subsystems, Inteli-Scan now operates with a more deterministic response profile, minimised computational overhead, and improved data accuracy at scale. These engineering refinements reinforce our strategic objective of sustaining a platform that is not only operationally efficient but also technically future-proof capable of supporting emerging digital standards and industry innovations. Future Developments Looking forward, the company remains firmly committed to the continuous evolution and technical advancement of the Inteli-Scan platform. Development priorities for the coming cycle will centre on predictive data analytics, machine-assisted reporting frameworks, and enhanced integration with structured asset intelligence models. These initiatives aim to deepen the platform’s analytical capability while further simplifying the user experience through intelligent automation and adaptive design principles.Our ongoing research agenda also includes active exploration of emerging and convergent technologies including edge computing and AI-driven diagnostics further augment system responsiveness, scalability, and cyber-resilience.The strategic alignment of our hardware and software development roadmaps ensures that Inteli-Scan will continue to operate as a mission-critical, high-availability platform within the digital O&M ecosystem delivering measurable commercial value, engineering precision, and sustained performance for our clients.

Research and development

Research and Development
The company has made substantial progress in advancing the technological sophistication of Inteli-Scan, our proprietary Online Operations & Maintenance (O&M) Portal, through a structured and multi-phase programme of research, development, and system optimisation.This financial year represents a defining stage in the platform’s evolution, marked by the complete modernisation of the Inteli-Scan hardware infrastructure and a comprehensive software re-engineering programme undertaken to ensure full architectural synchronisation between the two environments.These developments have fundamentally strengthened the platform’s core systems architecture, enabling higher throughput, reduced latency, and enhanced resilience. The modernisation strategy has incorporated next-generation components and refined processing frameworks designed to improve overall computational efficiency, data integrity, and system interoperability across diverse operational conditions.Within the scope of our R&D activities, substantial emphasis has been placed on optimising system functionality, scalability, and service reliability. The newly integrated hardware-software ecosystem now delivers superior operational performance and significantly improved system uptime.Our technical teams have prioritised key focus areas including real-time data orchestration, fault-tolerant processing, and adaptive user interface performance. Through advanced refactoring of both back-end and front-end subsystems, Inteli-Scan now operates with a more deterministic response profile, minimised computational overhead, and improved data accuracy at scale. These engineering refinements reinforce our strategic objective of sustaining a platform that is not only operationally efficient but also technically future-proof capable of supporting emerging digital standards and industry innovations.

 Future Developments
Looking forward, the company remains firmly committed to the continuous evolution and technical advancement of the Inteli-Scan platform. Development priorities for the coming cycle will centre on predictive data analytics, machine-assisted reporting frameworks, and enhanced integration with structured asset intelligence models. These initiatives aim to deepen the platform’s analytical capability while further simplifying the user experience through intelligent automation and adaptive design principles.Our ongoing research agenda also includes active exploration of emerging and convergent technologies including edge computing and AI-driven diagnostics further augment system responsiveness, scalability, and cyber-resilience.The strategic alignment of our hardware and software development roadmaps ensures that Inteli-Scan will continue to operate as a mission-critical, high-availability platform within the digital O&M ecosystem delivering measurable commercial value, engineering precision, and sustained performance for our clients.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Fixtures and fittings	25
	Office Equipment	25

	Finance leases and hire purchase contracts
	Rentals paid under operating leases are charged to profit & loss on a straight line basis over the period of the lease.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	14		14

3.	Tangible fixed assets

	Fixtures & fittings	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 August 24	23,689	136,838	160,527
Additions	-	8,675	8,675
At 31 July 25	23,689	145,513	169,202
Depreciation and impairment
At 01 August 24	21,257	104,261	125,518
Charge for year	608	10,313	10,921
At 31 July 25	21,865	114,574	136,439
Net book value
At 31 July 25	1,824	30,939	32,763
At 31 July 24	2,432	32,577	35,009

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	205,206	190,316
Other debtors	121,747	89,661
Prepayments and accrued income	23,172	19,695
Total	350,125	299,672

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	42,736	41,693
Taxation and social security	73,631	58,842
Other creditors	4,714	1,372
Total	121,081	101,907

6.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	7,893	6,376
Total	7,893	6,376

7.	Other commitments
	Charges on the company There is a Debenture, fixed and floating charge from National Westminster Bank PLC.