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Registration number: 00414237

Watling Engineers Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 September 2025

Watling Engineers Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

Watling Engineers Limited

Company Information

Directors | Mr David Paul Cookson Babcock Mrs Andrea Babcock Mrs Shiona Egerton Fraser Babcock Mr Benjamin Paul Fraser Babcock

Company secretary | Mrs Andrea Babcock

Registered office | 88 Park Street Village St Albans Herts AL2 2LR

Accountants | RS Partnership Ltd Chartered Certified Accountants10 Prospect Place Welwyn Hertfordshire AL6 9EW

Watling Engineers Limited

(Registration number: 00414237)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 97,680 | 111,780
Other financial assets | 5 | 54,473 | 46,705
|  | 152,153 | 158,485
Current assets |  |  |
Debtors | 6 | 1,247 | 32,544
Cash at bank and in hand |  | 35,653 | 19,821
|  | 36,900 | 52,365
Creditors: Amounts falling due within one year | 7 | (44,491) | (47,416)
Net current (liabilities)/assets |  | (7,591) | 4,949
Net assets |  | 144,562 | 163,434
Capital and reserves |  |  |
Called up share capital | 8 | 1,800 | 1,800
Other reserves |  | (1,756) | 10,705
Retained earnings |  | 144,518 | 150,929
Shareholders' funds |  | 144,562 | 163,434

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 March 2026 and signed on its behalf by:

......................................... Mr Benjamin Paul Fraser Babcock Director

Watling Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
88 Park Street Village
St Albans
Herts
AL2 2LR
England

The principal place of business is:
88 Park Street Village
St Albans
Herts
AL2 2LR
England

These financial statements were authorised for issue by the Board on 23 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Pounds Sterling (£), which is the Company’s functional
currency. All amounts have been rounded to the nearest pound, unless otherwise indicated.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Watling Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 25% reducing balance
Computer equipment | 25% reducing balance
Fixtures and fittings | 25% reducing balance
Short leasehold land & buildings | 5 year straight balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Watling Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Other property, plant and equipment £ | Total £
Cost or valuation
At 1 October 2024 | 138,459 | 2,680 | 1,147 | 142,286
At 30 September 2025 | 138,459 | 2,680 | 1,147 | 142,286
Depreciation
At 1 October 2024 | 27,691 | 2,529 | 286 | 30,506
Charge for the year | 13,846 | 38 | 216 | 14,100
At 30 September 2025 | 41,537 | 2,567 | 502 | 44,606
Carrying amount
At 30 September 2025 | 96,922 | 113 | 645 | 97,680
At 30 September 2024 | 110,768 | 151 | 861 | 111,780

Included within the net book value of land and buildings above is £96,922 (2024 - £110,768) in respect of short leasehold land and buildings.

Watling Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

5 | Other financial assets (current and non-current)

| 2025 £ | 2024 £
Non-current financial assets
Financial assets at fair value through profit and loss | 54,473 | 46,705

| Financial assets at fair value through profit and loss £ | Total £
Non-current financial assets
Cost or valuation
At 1 October 2024 | 46,705 | 46,705
Fair value adjustments | 1,622 | 1,622
Additions | 6,146 | 6,146
At 30 September 2025 | 54,473 | 54,473
Impairment
Carrying amount
At 30 September 2025 | 54,473 | 54,473

6 | Debtors

| 2025 £ | 2024 £
Prepayments | 1,247 | 32,379
Other debtors | - | 165
| 1,247 | 32,544

Watling Engineers Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 973 | 20,134
Taxation and social security | 7,577 | 3
Accruals and deferred income | 869 | 1,272
Other creditors | 34,907 | 25,841
Directors Loan Account | 165 | 166
| 44,491 | 47,416

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary A of £1 each | 1,300 | 1,300 | 1,300 | 1,300
Ordinary B of £0.05 each | 10,000 | 500 | 10,000 | 500
| 11,300 | 1,800 | 11,300 | 1,800