REGISTERED NUMBER: 02871695 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Watts (Builders) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T A Watts

P C Watts

REGISTERED OFFICE:

Hartlands

Highfield Lane

Corley

Coventry

CV7 8BL

REGISTERED NUMBER:

02871695 (England and Wales)

ACCOUNTANTS:

Leigh Christou Ltd

Chartered Certified Accountants

Leofric House

Binley Road

Coventry

CV3 1JN

FIXED ASSETS

Tangible assets

4

18,589

22,554

CURRENT ASSETS

Stocks

-

25,000

Debtors

5

121,139

83,134

Cash at bank and in hand

36,299

155,463

157,438

263,597

CREDITORS

Amounts falling due within one year

6

6,185

39,973

NET CURRENT ASSETS

151,253

223,624

TOTAL ASSETS LESS CURRENT LIABILITIES

169,842

246,178

PROVISIONS FOR LIABILITIES

3,532

4,285

NET ASSETS

166,310

241,893

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

166,300

241,883

166,310

241,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 February 2026 and were signed on its behalf by:

P C Watts - Director

T A Watts - Director

1.	STATUTORY INFORMATION

Watts (Builders) 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.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

10% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

27,154

1,838

51,974

3,087

84,053

Additions

444

-

-

-

444

At 30 November 2025

27,598

1,838

51,974

3,087

84,497

DEPRECIATION

At 1 December 2024

23,258

1,838

35,038

1,365

61,499

Charge for year

849

-

3,387

173

4,409

At 30 November 2025

24,107

1,838

38,425

1,538

65,908

NET BOOK VALUE

At 30 November 2025

3,491

-

13,549

1,549

18,589

At 30 November 2024

3,896

-

16,936

1,722

22,554

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

2,452

12,246

Other debtors

118,687

70,888

121,139

83,134

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

2,862

10,738

Taxation and social security

1,303

29,215

Other creditors

2,020

20

6,185

39,973

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

30.11.25

30.11.24

£

£

T A Watts

Balance outstanding at start of year

62,638

(3,089

)

Amounts advanced

111,563

85,825

Amounts repaid

(64,765

)

(20,098

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

109,436

62,638

Included within other debtors is an amount owed to the company by the directors, Mr and Mrs Watts. This is charged at the HMRC official rate of interest, and is repaid in full following the balance sheet date.

8.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous period by P C Watts by virtue of him holding the majority of the issued share capital of the company.