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Company Registration No. 08448567 (England and Wales)
WATTS THE FAULT LTD Unaudited accounts for the year ended 31 March 2026
WATTS THE FAULT LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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WATTS THE FAULT LTD Company Information for the year ended 31 March 2026
Director
Chris Woolley
Company Number
08448567 (England and Wales)
Registered Office
145 HATHERLEY ROAD CHELTENHAM GL51 6EP UNITED KINGDOM
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WATTS THE FAULT LTD Statement of financial position as at 31 March 2026
2026 
2025 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
295 
2,562 
Current assets
Debtors
5
9,309 
5,179 
Cash at bank and in hand
29,285 
24,669 
38,594 
29,848 
Creditors: amounts falling due within one year
6
(21,284)
(18,768)
Net current assets
17,310 
11,080 
Total assets less current liabilities
17,605 
13,642 
Creditors: amounts falling due after more than one year
7
- 
(3,476)
Provisions for liabilities
Deferred tax
(1,564)
(1,564)
Net assets
16,041 
8,602 
Capital and reserves
Called up share capital
5 
5 
Profit and loss account
16,036 
8,597 
Shareholders' funds
16,041 
8,602 
For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 June 2026 and were signed on its behalf by
Chris Woolley Director Company Registration No. 08448567
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WATTS THE FAULT LTD Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
WATTS THE FAULT LTD is a private company, limited by shares, registered in England and Wales, registration number 08448567. The registered office is 145 HATHERLEY ROAD, CHELTENHAM, GL51 6EP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% reducing balance
Motor vehicles
30% reducing balance
Computer equipment
33% Straight line
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2025
1,861 
14,738 
5,799 
22,398 
At 31 March 2026
1,861 
14,738 
5,799 
22,398 
Depreciation
At 1 April 2025
1,270 
12,767 
5,799 
19,836 
Charge for the year
296 
1,971 
- 
2,267 
At 31 March 2026
1,566 
14,738 
5,799 
22,103 
Net book value
At 31 March 2026
295 
- 
- 
295 
At 31 March 2025
591 
1,971 
- 
2,562 
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WATTS THE FAULT LTD Notes to the Accounts for the year ended 31 March 2026
5
Debtors
2026 
2025 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,309 
3,650 
Other debtors
- 
1,529 
9,309 
5,179 
6
Creditors: amounts falling due within one year
2026 
2025 
£ 
£ 
Bank loans and overdrafts
787 
- 
VAT
4,470 
3,913 
Trade creditors
6,575 
4,944 
Taxes and social security
9,452 
9,166 
Other creditors
- 
745 
21,284 
18,768 
7
Creditors: amounts falling due after more than one year
2026 
2025 
£ 
£ 
Bank loans
- 
3,476 
8
Average number of employees
During the year the average number of employees was 0 (2025: 0).
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