| Wats-in.Store Ltd |
| Registered number: |
SC573875 |
| Balance Sheet |
| as at 31 August 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Current assets |
| Stocks |
|
|
- |
|
|
6,965 |
| Debtors |
3 |
|
811 |
|
|
1,690 |
| Cash at bank and in hand |
|
|
2,405 |
|
|
4,372 |
|
|
|
3,216 |
|
|
13,027 |
|
| Creditors: amounts falling due within one year |
4 |
|
(178) |
|
|
(333) |
|
| Net current assets |
|
|
|
3,038 |
|
|
12,694 |
|
| Total assets less current liabilities |
|
|
|
3,038 |
|
|
12,694 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(1,343) |
|
|
(2,890) |
|
|
|
| Net assets |
|
|
|
1,695 |
|
|
9,804 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
10 |
|
|
10 |
| Profit and loss account |
|
|
|
1,685 |
|
|
9,794 |
|
| Shareholders' funds |
|
|
|
1,695 |
|
|
9,804 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| R Watson |
| Director |
| Approved by the board on 15 May 2026 |
|
| Wats-in.Store Ltd |
| Notes to the Accounts |
| for the year ended 31 August 2025 |
|
|
| 1 |
Accounting policies |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised in respect ofa a taxable profit due on the trading period. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
811 |
|
1,690 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Corporation tax |
(3) |
|
(3) |
|
Other creditors |
181 |
|
336 |
|
|
|
|
|
|
178 |
|
333 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
1,341 |
|
2,875 |
|
Directors Accounts |
2 |
|
15 |
|
|
|
|
|
|
1,343 |
|
2,890 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Other information |
|
|
Wats-in.Store Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
7 Little Craig's View |
|
Burntisland |
|
Fife |
|
KY3 0DB |