J & J Watkins Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05911789 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31st March 2025

for

J & J Watkins Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

J Watkins

Mrs J M Watkins

REGISTERED OFFICE:

Ellbrook House

Woodend Lane

Linton

Ross On Wye

Herefordshire

HR9 7SR

REGISTERED NUMBER:

05911789 (England and Wales)

ACCOUNTANTS:

Wildin (Accountants & Auditors) Ltd

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

96,463

95,655

96,463

95,655

CURRENT ASSETS

Stocks

6

42,500

44,462

Debtors

7

161

11,948

Cash at bank

219,572

200,140

262,233

256,550

CREDITORS

Amounts falling due within one year

8

58,634

42,998

NET CURRENT ASSETS

203,599

213,552

TOTAL ASSETS LESS CURRENT
LIABILITIES

300,062

309,207

PROVISIONS FOR LIABILITIES

9

-

18,744

NET ASSETS

300,062

290,463

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

11

299,962

290,363

SHAREHOLDERS' FUNDS

300,062

290,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 and authorised for issue by the Board of Directors and authorised for issue on 20th November 2025 and were signed on its behalf by:

Mrs J M Watkins - Director

1.	STATUTORY INFORMATION

J & J Watkins 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

45,000

AMORTISATION

At 1st April 2024

and 31st March 2025

45,000

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

COST

At 1st April 2024

21,500

266,655

25,464

313,619

Additions

-

13,376

Disposals

-

(842

)

-

(842

)

At 31st March 2025

21,500

265,813

38,840

326,153

DEPRECIATION

At 1st April 2024

-

217,964

-

217,964

Charge for year

-

12,042

-

12,042

Eliminated on disposal

-

(316

)

-

(316

)

At 31st March 2025

-

229,690

-

229,690

NET BOOK VALUE

At 31st March 2025

21,500

36,123

38,840

96,463

At 31st March 2024

21,500

48,691

25,464

95,655

6.

STOCKS

31.3.25

31.3.24

£

Stocks

42,500

44,462

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

VAT

161

11,948

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

23,143

18,400

Directors' current accounts

33,432

22,723

Accrued expenses

2,059

1,875

58,634

42,998

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

Deferred tax

-

18,744

Deferred

tax

£

Balance at 1st April 2024

18,744

Credit to Income Statement during year

(18,744

)

Balance at 31st March 2025

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary Shares

£1

100

11.

RESERVES

Retained

earnings

£

At 1st April 2024

290,363

Profit for the year

9,599

At 31st March 2025

299,962

12.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2025 set out on page nil and you consider that the company is exempt from an audit.

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 information and explanations supplied to us.

Wildin (Accountants & Auditors) Ltd

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

Date: 20th November 2025