DC WATCHMAKER LIMITED 06533998 false 2025-04-01 2026-03-31 2026-03-31 The principal activity of the company is retail sale of clocks and watches as well as clock and watch repairs Digita Accounts Production Advanced 6.30.9574.0 true true 06533998 2025-04-01 2026-03-31 06533998 2026-03-31 06533998 bus:OrdinaryShareClass1 2026-03-31 06533998 core:CurrentFinancialInstruments 2026-03-31 06533998 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 06533998 core:FurnitureFittingsToolsEquipment 2026-03-31 06533998 bus:SmallEntities 2025-04-01 2026-03-31 06533998 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 06533998 bus:FilletedAccounts 2025-04-01 2026-03-31 06533998 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 06533998 bus:RegisteredOffice 2025-04-01 2026-03-31 06533998 bus:Director1 2025-04-01 2026-03-31 06533998 bus:Director2 2025-04-01 2026-03-31 06533998 bus:Director3 2025-04-01 2026-03-31 06533998 bus:OrdinaryShareClass1 2025-04-01 2026-03-31 06533998 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 06533998 core:FurnitureFittings 2025-04-01 2026-03-31 06533998 countries:England 2025-04-01 2026-03-31 06533998 2025-03-31 06533998 core:FurnitureFittingsToolsEquipment 2025-03-31 06533998 2024-04-01 2025-03-31 06533998 2025-03-31 06533998 bus:OrdinaryShareClass1 2025-03-31 06533998 core:CurrentFinancialInstruments 2025-03-31 06533998 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06533998

DC WATCHMAKER LIMITED
Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 March 2026

DC WATCHMAKER LIMITED

Contents

Company Information | 1
Directors' Report | 2
Abridged Balance Sheet | 3 to 4
Notes to the Unaudited Abridged Financial Statements | 5 to 9

DC WATCHMAKER LIMITED

Company Information

Directors | Mr T Osmond Mr M J Parsons D King

Registered office | 18 New Street Honiton Devon EX14 1EY

Accountants | R. Branner & Co Chartered Certified Accountants 18 New Street Honiton Devon EX14 1EY

DC WATCHMAKER LIMITED

Directors' Report for the Year Ended 31 March 2026

The directors present their report and the abridged financial statements for the year ended 31 March 2026.

Directors of the company

The directors who held office during the year were as follows:

Mr T Osmond

Mr M J Parsons

D King

Principal activity

The principal activity of the company is retail sale of clocks and watches as well as clock and watch repairs

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 21 July 2026 and signed on its behalf by:

......................................... Mr T Osmond Director
......................................... Mr M J Parsons Director
......................................... D King Director

DC WATCHMAKER LIMITED

(Registration number: 06533998)
Abridged Balance Sheet as at 31 March 2026

| Note | 31 March 2026 £ | 31 March 2025 £
Current assets |  |  |
Stocks | 5 | 25,727 | 29,189
Debtors | 6 | 1,940 | 1,110
Cash at bank and in hand |  | 27,062 | 29,805
|  | 54,729 | 60,104
Prepayments and accrued income |  | 185 | 4,009
Creditors: Amounts falling due within one year |  | (51,736) | (52,578)
Total assets less current liabilities |  | 3,178 | 11,535
Accruals and deferred income |  | (1,260) | (1,080)
Net assets |  | 1,918 | 10,455
Capital and reserves |  |  |
Called up share capital | 7 | 1,000 | 1,000
Retained earnings |  | 918 | 9,455
Shareholders' funds |  | 1,918 | 10,455

For the financial 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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 July 2026 and signed on its behalf by:

......................................... Mr T Osmond Director

DC WATCHMAKER LIMITED

(Registration number: 06533998)
Abridged Balance Sheet as at 31 March 2026

......................................... Mr M J Parsons Director
......................................... D King Director

DC WATCHMAKER LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
18 New Street
Honiton
Devon
EX14 1EY

These financial statements were authorised for issue by the Board on 21 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

As a result of being forced to lockdown for 6 months during the Covid 19 Pandemic, which did result in the Company's first trading loss in its history for the year ended 31st March 2021. Trade has resumed, this years results show a return to proift. However the balance sheet has not fully recovered and an overdrawn balance sheet still remains. Based upon this evidence that shows the companys returning to financial health. This trend is predicted to continue over the next 12 months. Therefore, the directors believe that the going concern basis is appropriate. The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

DC WATCHMAKER LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 10% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

DC WATCHMAKER LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2025 - 3).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2025 | 5,831 | 5,831
At 31 March 2026 | 5,831 | 5,831
Depreciation
At 1 April 2025 | 5,831 | 5,831
At 31 March 2026 | 5,831 | 5,831
Carrying amount
At 31 March 2026 | - | -

5 | Stocks

| 31 March 2026 £ | 31 March 2025 £
Raw materials and consumables | 12,022 | 12,897
Work in progress | 13,705 | 16,292
| 25,727 | 29,189

6 | Debtors

Debtors includes £Nil (2025 - £Nil) due after more than one year.

DC WATCHMAKER LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

7 | Share capital

Allotted, called up and fully paid shares

| 31 March 2026 | 31 March 2025
| No. | £ | No. | £
Ordinary of £1 each | 1,000 | 1,000 | 1,000 | 1,000

8 | Related party transactions

At the end of the year the Company owed Mr T Osmond £40,057 (2025 £39,983). There was on interest paid .
At the end of the year the Company owed Mr M J Parsons£1,528 ( 2025 £1,528). There was no interest paid.
At the end of the year the Company owed Mr D King NIL (2025 NIL) There was no interest paid

DC WATCHMAKER LIMITED

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2026 £ | 2025 £
Remuneration | 67,289 | 59,804
Contributions paid to money purchase schemes | 2,046 | 990
| 69,335 | 60,794