REGISTERED NUMBER: 05893607 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

M B WATSON LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M B Watson

Mrs S Watson

SECRETARY:

The William Marshall Partnership Limited

REGISTERED OFFICE:

Park View House

Ropewalk

Fishguard

Pembrokeshire

SA65 9BT

REGISTERED NUMBER:

05893607 (England and Wales)

ACCOUNTANTS:

William Marshall & Co

Financial Accountants

Park View House

Ropewalk

Fishguard

Pembrokeshire

SA65 9BT

FIXED ASSETS

Tangible assets

4

28,972

38,629

CURRENT ASSETS

Debtors

5

2,211

3,116

Cash at bank

1,194

-

3,405

3,116

CREDITORS

Amounts falling due within one year

6

7,375

11,687

NET CURRENT LIABILITIES

(3,970

)

(8,571

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,002

30,058

CREDITORS

Amounts falling due after more than one year

7

15,440

22,925

NET ASSETS

9,562

7,133

CAPITAL AND RESERVES

Called up share capital

9

200

200

Retained earnings

9,362

6,933

SHAREHOLDERS' FUNDS

9,562

7,133

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2026 and were signed on its behalf by:

M B Watson - Director

1.	STATUTORY INFORMATION

M B Watson Ltd 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 represents net invoiced sales of the hire and operation of plant, machinery and equipment.

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

-

at varying rates on cost

Tools & equipment

-

25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Tools &

machinery

equipment

Totals

£

£

£

COST

At 1 September 2024

and 31 August 2025

80,559

4,964

85,523

DEPRECIATION

At 1 September 2024

42,035

4,859

46,894

Charge for year

9,631

26

9,657

At 31 August 2025

51,666

4,885

56,551

NET BOOK VALUE

At 31 August 2025

28,893

79

28,972

At 31 August 2024

38,524

105

38,629

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

960

3,038

CIS Tax

1,152

-

Prepayments

99

78

2,211

3,116

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

788

2,367

Hire purchase contracts

4,431

4,498

Trade creditors

240

1,466

VAT

530

590

Other creditors

1,067

2,261

Directors' current accounts

319

505

7,375

11,687

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

-

747

Hire purchase contracts

15,440

19,871

Directors' loan accounts

-

2,307

15,440

22,925

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

1,274

Bank loans

788

1,093

788

2,367

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

747

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

20

Ordinary

£1.00

20

20

90

"A" Ordinary

£1.00

90

90

90

"B" Ordinary

£1.00

90

90

200

200