REGISTERED NUMBER: 01055138 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

MCWILLIAM-WATKINSON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Paul Antony Watkinson

Tanveer Abul

REGISTERED OFFICE:

Preston Indsutrial Plastics

Aqueduct Street

Preston

Lancashire

PR1 7JQ

REGISTERED NUMBER:

01055138 (England and Wales)

AUDITORS:

Wallwork Nelson & Johnson

Chartered Accountants & Statutory Auditors

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Tangible assets

4

50,413

57,601

CURRENT ASSETS

Stocks

5

325,164

405,085

Debtors

6

478,841

593,627

Cash at bank

712,030

599,835

1,516,035

1,598,547

CREDITORS

Amounts falling due within one year

7

364,278

401,955

NET CURRENT ASSETS

1,151,757

1,196,592

TOTAL ASSETS LESS CURRENT LIABILITIES

1,202,170

1,254,193

PROVISIONS FOR LIABILITIES

9

2,429

3,300

NET ASSETS

1,199,741

1,250,893

CAPITAL AND RESERVES

Called up share capital

10

2,000

2,000

Retained earnings

1,197,741

1,248,893

SHAREHOLDERS' FUNDS

1,199,741

1,250,893

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 by the Board of Directors and authorised for issue on 9 March 2026 and were signed on its behalf by:

Paul Antony Watkinson - Director

1.	STATUTORY INFORMATION

McWilliam-Watkinson 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue recognition

The company's policy is to recognise a sale when substantively all the risks and rewards in connection with the goods have been passed to the customer.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term, whichever is the shorter.

Freehold property - not provided

Short leasehold - straight line over period of lease

Fixtures and fittings - 10% on cost

Motor vehicles - 15% on reducing balance

Freehold property is maintained to ensure that its value does not diminish over time. The maintenance costs are charged to the profit and loss account as they are incurred. In the opinion of the directors, depreciation would be immaterial and, therefore, freehold property is not depreciated.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

A basic financial instrument is a contract that gives rise to a financial asset in one entity and a financial liability or equity instrument of another entity.

The following assets and liabilities are classified as financial instruments: trade debtors, other debtors, trade creditors, and other creditors.

Trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets are assessed at the end of the reporting period for objective evidence of impairment and if applicable is recognised as appropriate.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Short

and

Motor

property

leasehold

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 October 2024

3,941

55,019

70,703

106,823

236,486

Additions

-

-

2,325

-

2,325

At 30 September 2025

3,941

55,019

73,028

106,823

238,811

DEPRECIATION

At 1 October 2024

-

55,019

54,551

69,315

178,885

Charge for year

-

-

3,887

5,626

9,513

At 30 September 2025

-

55,019

58,438

74,941

188,398

NET BOOK VALUE

At 30 September 2025

3,941

-

14,590

31,882

50,413

At 30 September 2024

3,941

-

16,152

37,508

57,601

5.

STOCKS

30/9/25

30/9/24

£

£

Stocks

325,164

405,085

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/25

30/9/24

£

£

Trade debtors

290,209

388,158

Amounts owed by group undertakings

173,950

173,950

Other debtors

14,682

22,783

Tax

-

8,736

478,841

593,627

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/25

30/9/24

£

£

Trade creditors

248,224

349,492

Tax

21,627

-

Social security and other taxes

25,102

32,065

Other creditors

41,675

14,798

Directors' current accounts

27,650

5,600

364,278

401,955

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30/9/25

30/9/24

£

£

Within one year

8,341

34,900

Between one and five years

4,466

10,383

12,807

45,283

9.	PROVISIONS FOR LIABILITIES

30/9/25

30/9/24

£

£

Deferred tax

2,429

3,300

Deferred

tax

£

Balance at 1 October 2024

3,300

Movement in provision

(871

)

Balance at 30 September 2025

2,429

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/25

30/9/24

value:

£

£

2,000

Ordinary

£1

2,000

2,000

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

I M Johnson (Senior Statutory Auditor)

for and on behalf of Wallwork Nelson & Johnson

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount owed to the Directors at the year end is deemed payable on demand and no interest has been charged.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Discretionary Trust (2) of T D Watkinson which holds a controlling shareholding in the parent company, Watkinson Holdings Limited. The trustee of the trust is Paul Watkinson, who exercises control over the voting rights and decisions of the shares.