15 false false false false false false false false false false true false false false false false false No description of principal activity 2025-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 803,500 803,500 109,831 75,080 8,688 83,768 26,063 34,751 xbrli:pure xbrli:shares iso4217:GBP 04295238 2025-01-01 2025-12-31 04295238 2025-12-31 04295238 2024-12-31 04295238 2024-01-01 2024-12-31 04295238 2024-12-31 04295238 2023-12-31 04295238 core:NetGoodwill 2025-01-01 2025-12-31 04295238 core:MotorVehicles 2025-01-01 2025-12-31 04295238 bus:Director1 2025-01-01 2025-12-31 04295238 core:NetGoodwill 2025-12-31 04295238 core:MotorVehicles 2024-12-31 04295238 core:MotorVehicles 2025-12-31 04295238 core:WithinOneYear 2025-12-31 04295238 core:WithinOneYear 2024-12-31 04295238 core:UKTax 2025-01-01 2025-12-31 04295238 core:UKTax 2024-01-01 2024-12-31 04295238 core:ShareCapital 2025-12-31 04295238 core:ShareCapital 2024-12-31 04295238 core:RetainedEarningsAccumulatedLosses 2025-12-31 04295238 core:RetainedEarningsAccumulatedLosses 2024-12-31 04295238 core:MotorVehicles 2024-12-31 04295238 bus:SmallEntities 2025-01-01 2025-12-31 04295238 bus:AuditExemptWithAccountantsReport 2025-01-01 2025-12-31 04295238 bus:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 04295238 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 04295238 bus:FullAccounts 2025-01-01 2025-12-31
COMPANY REGISTRATION NUMBER: 04295238

WATCH OUT (UK) LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2025

WATCH OUT (UK) LIMITED

STATEMENT OF FINANCIAL POSITION

31 December 2025

| 2025 | 2024
Note | £ | £ | £

FIXED ASSETS

Tangible assets | 7 |  | 26,063 | 34,751

CURRENT ASSETS

Stocks | 513,376 |  | 609,245
Debtors | 8 | 1,649,691 |  | 1,621,543
Cash at bank and in hand | 2,588,268 |  | 2,267,640
| ------------ |  | ------------
| 4,751,335 |  | 4,498,428

CREDITORS: amounts falling due within one year | 9 | ( 633,551) |  | ( 456,312)
| ------------ |  | ------------
NET CURRENT ASSETS |  | 4,117,784 | 4,042,116
|  | ------------ | ------------
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 4,143,847 | 4,076,867

PROVISIONS

Taxation including deferred tax |  | ( 4,952) | ( 12,141)
|  | ------------ | ------------
NET ASSETS |  | 4,138,895 | 4,064,726
|  | ------------ | ------------

CAPITAL AND RESERVES

Called up share capital |  | 2 | 2
Profit and loss account |  | 4,138,893 | 4,064,724
|  | ------------ | ------------
SHAREHOLDERS FUNDS |  | 4,138,895 | 4,064,726
|  | ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 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:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

WATCH OUT (UK) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2025
These financial statements were approved by the board of directors and authorised for issue on 7 August 2026 , and are signed on behalf of the board by:

M J Silverman |
Director |

Company registration number: 04295238

WATCH OUT (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Harvey House, Enfield Avenue, Leeds, LS7 1QN.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods supplied during the year, exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | 5% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Motor vehicles | - | 25% reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 15 (2024: 16 ).
5. TAX ON PROFIT
Major components of tax expense

| 2025 | 2024
| £ | £

Current tax:

UK current tax expense | 160,507 | 54,313
Adjustments in respect of prior periods | 89 | ( 33)
| --------- | --------
Total current tax | 160,596 | 54,280
| --------- | --------

Deferred tax:

Origination and reversal of timing differences | ( 7,189) | 3,337
| --------- | --------
Tax on profit | 153,407 | 57,617
| --------- | --------

6. INTANGIBLE ASSETS

| Goodwill
| £
Cost |
At 1 January 2025 and 31 December 2025 | 803,500
| ---------
Amortisation |
At 1 January 2025 and 31 December 2025 | 803,500
| ---------
Carrying amount |
At 31 December 2025 | –
| ---------
At 31 December 2024 | –
| ---------

7. TANGIBLE ASSETS

| Motor vehicles | Total
| £ | £
Cost |  |
At 1 January 2025 and 31 December 2025 | 109,831 | 109,831
| --------- | ---------
Depreciation |  |
At 1 January 2025 | 75,080 | 75,080
Charge for the year | 8,688 | 8,688
| --------- | ---------
At 31 December 2025 | 83,768 | 83,768
| --------- | ---------
Carrying amount |  |
At 31 December 2025 | 26,063 | 26,063
| --------- | ---------
At 31 December 2024 | 34,751 | 34,751
| --------- | ---------

8. DEBTORS

| 2025 | 2024
| £ | £
Trade debtors | 43,966 | 107,085
Other debtors | 1,605,725 | 1,514,458
| ------------ | ------------
| 1,649,691 | 1,621,543
| ------------ | ------------

9. CREDITORS: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 155,998 | 92,345
Corporation tax | 160,507 | 54,225
Social security and other taxes | 128,109 | 109,436
Other creditors | 188,937 | 200,306
| --------- | ---------
| 633,551 | 456,312
| --------- | ---------