B & M Watson Ltd - Accounts

B & M Watson Ltd
Statement of Financial Position
As at 31 March 2026

	Notes	2026 £	2025 £
Fixed assets
Tangible fixed assets	3	31,708	43,291
Investments	4	4,011	3,935
		35,719	47,226
Current assets
Stocks	5	23,498	21,497
Debtors	6	311,556	8,936
Cash at bank and in hand		323,104	261,162
		658,158	291,595
Creditors: amount falling due within one year	7	(312,136)	(97,487)
Net current assets		346,022	194,108

Total assets less current liabilities		381,741	241,334
Net assets		381,741	241,334

Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		380,741	240,334
Shareholders' funds		381,741	241,334

For the year ended 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.
The directors acknowledge 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 financial statements were approved by the board of directors on 22 July 2026 and were signed on its behalf by:

-------------------------------
Bryan Watson
Director

B & M Watson Ltd
Notes to the Financial Statements
For the year ended 31 March 2026

General Information

B & M Watson Ltd is a private company, limited by shares, registered in England and Wales, registration number 04847100, registration address 17 A Yorkersgate , Malton , North Yorkshire, YO17 7AA.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

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

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

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:

Land and Buildings	4% Straight Line
Plant and Machinery	25% Straight Line

Fixed asset investments

Fixed asset investments are stated at cost less provision for any permanent diminution in value.

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 2 (2025 : 3).

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Total
	£	£	£
At 01 April 2025	274,569	155,120	429,689
Additions	-	1,332	1,332
Disposals	-	-	-
At 31 March 2026	274,569	156,452	431,021
Depreciation
At 01 April 2025	233,217	153,181	386,398
Charge for year	10,983	1,932	12,915
On disposals	-	-	-
At 31 March 2026	244,200	155,113	399,313
Net book values
Closing balance as at 31 March 2026	30,369	1,339	31,708
Opening balance as at 01 April 2025	41,352	1,939	43,291

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 April 2025	3,935	3,935
Additions	76	76
Disposals	-	-
At 31 March 2026	4,011	4,011

Stocks

	2026 £		2025 £
Stocks	23,498		21,497
	23,498		21,497

Debtors: amounts falling due within one year

	2026 £	2025 £
Trade Debtors	3,644	1,598
Prepayments & Accrued Income	252	5,798
Accrued Income	138,060	0
Other Debtors	169,600	1,540
	311,556	8,936

Creditors: amount falling due within one year

	2026 £	2025 £
Trade Creditors	44,608	13,073
Corporation Tax	68,712	16,553
Accrued Expenses	134,460	17,301
Other Creditors	49,715	49,715
Directors' Current Accounts	14,641	845
	312,136	97,487

Registered Number: 04847100
England and Wales
Unaudited Financial Statements

for the year ended 31 March 2026
for
B & M WATSON LTD