REGISTERED NUMBER: SC536710 (Scotland)

Watson Plumbing and Property

Maintenance Ltd

Financial Statements For The Year Ended 31 May 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A W Watson

REGISTERED OFFICE:

46 Glenlossie Road

Thomshill

Elgin

IV30 8GY

REGISTERED NUMBER:

SC536710 (Scotland)

ACCOUNTANTS:

The Long Partnership

4 North Guildry Street

Elgin

Moray

IV30 1JR

BANKERS:

Royal Bank of Scotland

209 High Street

Elgin

Moray

IV30 1DL

FIXED ASSETS

Intangible assets

4

-

1,100

Tangible assets

5

38,976

16,901

38,976

18,001

CURRENT ASSETS

Stocks

1,200

2,640

Debtors

6

19,796

4,031

Cash at bank

-

4,214

20,996

10,885

CREDITORS

Amounts falling due within one year

7

22,795

18,136

NET CURRENT LIABILITIES

(1,799

)

(7,251

)

TOTAL ASSETS LESS CURRENT LIABILITIES

37,177

10,750

CREDITORS

Amounts falling due after more than one year

8

(24,996

)

(6,788

)

PROVISIONS FOR LIABILITIES

10

(7,127

)

(3,211

)

NET ASSETS

5,054

751

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

12

4,954

651

SHAREHOLDERS' FUNDS

5,054

751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 June 2026 and were signed by:

Mr A W Watson - Director

1.	STATUTORY INFORMATION

Watson Plumbing and Property Maintenance Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

10% on cost

Equipment

-

33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2025

and 31 May 2026

11,000

AMORTISATION

At 1 June 2025

9,900

Charge for year

1,100

At 31 May 2026

11,000

NET BOOK VALUE

At 31 May 2026

-

At 31 May 2025

1,100

5.	TANGIBLE FIXED ASSETS

Freehold

Motor

Computer

property

Equipment

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 June 2025

540

8,532

26,615

2,011

37,698

Additions

1,516

1,187

26,804

-

29,507

Disposals

-

(1,499

)

(14,408

)

-

(15,907

)

At 31 May 2026

2,056

8,220

39,011

2,011

51,298

DEPRECIATION

At 1 June 2025

485

3,287

16,225

800

20,797

Charge for year

105

931

4,255

442

5,733

Eliminated on disposal

-

(903

)

(13,305

)

-

(14,208

)

At 31 May 2026

590

3,315

7,175

1,242

12,322

NET BOOK VALUE

At 31 May 2026

1,466

4,905

31,836

769

38,976

At 31 May 2025

55

5,245

10,390

1,211

16,901

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Trade debtors

16,439

3,252

Other debtors

3,357

779

19,796

4,031

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Bank loans and overdrafts

5,626

-

Hire purchase contracts

4,307

-

Trade creditors

5,435

1,599

Taxation and social security

2,289

9,901

Other creditors

5,138

6,636

22,795

18,136

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.26

31.5.25

£

£

Hire purchase contracts

21,391

-

Other creditors

3,605

6,788

24,996

6,788

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.26

31.5.25

£

£

Hire purchase contracts

25,698

-

Loans

6,751

9,584

32,449

9,584

10.	PROVISIONS FOR LIABILITIES

31.5.26

31.5.25

£

£

Deferred tax

7,127

3,211

Deferred

tax

£

Balance at 1 June 2025

3,211

Provided during year

3,916

Balance at 31 May 2026

7,127

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.26

31.5.25

value:

£

£

95

Ordinary

£1

95

95

5

A Ordinary

£1

5

5

100

100

12.

RESERVES

Retained

earnings

£

At 1 June 2025

651

Profit for the year

25,303

Dividends

(21,000

)

At 31 May 2026

4,954

13.	RELATED PARTY DISCLOSURES

During the year, total dividends of £20,500 (2025 - £29,200) were paid to the director .

At 31 May 2025 the company owed the director £70. During the year the director met expenses on behalf of the company totalling £242. At 31 May 2026 the company owed the director £312. This loan is interest free and has no fixed repayment terms.