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Registered Number: 09815396
England and Wales

 

 

 

WATSON BROS GUNMAKERS LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 January 2025

End date: 31 December 2025

Watson Bros Gunmakers Limited
Contents Page
For the year ended 31 December 2025
Report to the directors on the preparation of the unaudited statutory accounts of Watson Bros Gunmakers Limited for the year ended 31 December 2025.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Watson Bros Gunmakers Limited for the year ended 31 December 2025 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/.
This report is made solely to the Board of Directors of Watson Bros Gunmakers Limited, as a body, in accordance with the terms of our engagement letter dated 01 January 2025. Our work has been undertaken solely to prepare for your approval the accounts of Watson Bros Gunmakers Limited and state those matters that we have agreed to state to the Board of Directors of Watson Bros Gunmakers Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Watson Bros Gunmakers Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Watson Bros Gunmakers Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Watson Bros Gunmakers Limited. You consider that Watson Bros Gunmakers Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Watson Bros Gunmakers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 December 2025.



....................................................
Moorhurst Partners LLP
Suite S2 Blackwell House
Guildhall Yard
London
EC2V 5AE
13 July 2026
1
 
 		 Notes
 		 2025
£		   2024
£
Fixed assets      
Tangible fixed assets 4 12,060    13,292 
12,060    13,292 
Current assets      
Stocks 142,684    343,681 
Debtors 74,653    324 
Cash at bank and in hand 194,015    84,707 
411,352    428,712 
Creditors: amount falling due within one year (320,579)   (362,765)
Net current assets 90,773    65,947 
 
Total assets less current liabilities 102,833    79,239 
Creditors: amount falling due after more than one year 0    (3,903)
Net assets 102,833    75,336 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 102,733    75,236 
Shareholders' funds 102,833    75,336 
 


For the year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 13 July 2026 and were signed by:


-------------------------------
Michael Louca
Director
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General Information
Watson Bros Gunmakers Limited is a private company, limited by shares, registered in England and Wales, registration number 09815396, registration address c/o MOORHURST PARTNERS LLP, Suite S2 Blackwell House, Guildhall Yard, London, EC2V 5AE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Straight Line
Computer Equipment 33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 4 (2024 : 5).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 January 2025 11,100    11,100 
Additions -    - 
Disposals -    - 
At 31 December 2025 11,100    11,100 
Amortisation
At 01 January 2025 11,100    11,100 
Charge for year -    - 
On disposals -    - 
At 31 December 2025 11,100    11,100 
Net book values
At 31 December 2025 -    - 
At 31 December 2024 -    - 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 January 2025 26,644    1,118    27,762 
Additions 1,118    941    2,059 
Disposals -    -    - 
At 31 December 2025 27,762    2,059    29,821 
Depreciation
At 01 January 2025 14,101    369    14,470 
Charge for year 2,733    558    3,291 
On disposals -    -    - 
At 31 December 2025 16,834    927    17,761 
Net book values
Closing balance as at 31 December 2025 10,928    1,132    12,060 
Opening balance as at 01 January 2025 12,543    749    13,292 


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