WATSON ENGINEERING (BHAM) LIMITED

Registered number

03061963

Report and Accounts

31 October 2025

WATSON ENGINEERING (BHAM) LIMITED
Report and accounts
Contents




Page

Directors' report	1
Accountants' report	2
Profit and loss account	3
Balance sheet	4
Statement of changes in equity	5
Notes to the accounts	6

WATSON ENGINEERING (BHAM) LIMITED
Registered number:		03061963
Directors' Report

The directors present their report and accounts for the year ended 31 October 2025.

Principal activities
The company's principal activity during the year continued to be the manufacture of fasteners and screw machine products.

Directors
The following persons served as directors during the year:

	G J W Watson (Deceased)
	I Satterthwaite

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 7 September 2026 and signed on its behalf.





I Satterthwaite
Director

WATSON ENGINEERING (BHAM) LIMITED
Accountants' Report


Accountants' report to the directors of
WATSON ENGINEERING (BHAM) LIMITED

You consider that the company is exempt from an audit for the year ended 31 October 2025. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Beasley & Co
Chartered Accountants

Grays Court
5 Nursery Road
Edgbaston
Birmingham
B15 3JX

7 September 2026

WATSON ENGINEERING (BHAM) LIMITED
Profit and Loss Account
for the year ended 31 October 2025


	2025		2024
£		£

Turnover	933,606		1,053,539

Cost of sales	(711,662)		(692,835)

Gross profit	221,944		360,704

Administrative expenses	(149,600)		(202,794)

Operating profit	72,344		157,910

Profit on the disposal of tangible fixed assets	-		6,316
Loss on loans written off	(21,576)		-
Interest receivable	52		-

Profit before taxation	50,820		164,226

Tax on profit	40,827		27,758

Profit for the financial year	91,647		191,984

WATSON ENGINEERING (BHAM) LIMITED
Registered number:		03061963
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		169,833			206,561

Current assets
Stocks		1,800			1,950
Debtors	4	144,308			306,231
Cash at bank and in hand		645,019			528,527
		791,127			836,708

Creditors: amounts falling due within one year	5	(153,693)			(318,467)

Net current assets			637,434			518,241

Total assets less current liabilities			807,267			724,802


Provisions for liabilities			(42,458)			(51,640)


Net assets			764,809			673,162

Capital and reserves
Called up share capital			100			100
Profit and loss account			764,709			673,062

Shareholders' funds			764,809			673,162

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




I Satterthwaite
Director
Approved by the board on 7 September 2026

WATSON ENGINEERING (BHAM) LIMITED
Statement of Changes in Equity
for the year ended 31 October 2025

Share		Share		Re-		Profit		Total
capital		premium		valuation		and loss
reserve						account
£		£		£		£		£

At 1 November 2023	100		-		-		581,078		581,178

Profit for the financial year							191,984		191,984

Dividends							(100,000)		(100,000)

At 31 October 2024	100		-		-		673,062		673,162



At 1 November 2024	100		-		-		673,062		673,162

Profit for the financial year							91,647		91,647


At 31 October 2025	100		-		-		764,709		764,809

WATSON ENGINEERING (BHAM) LIMITED
Notes to the Accounts
for the year ended 31 October 2025

1	Accounting policies

	Basis of preparation
	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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance
	Fixtures, fittings, tools and equipment	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			4		5


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 November 2024	357,980		45,005		402,985
	Additions	19,882		-		19,882
	At 31 October 2025	377,862		45,005		422,867

	Depreciation
	At 1 November 2024	185,172		11,252		196,424
	Charge for the year	48,172		8,438		56,610
	At 31 October 2025	233,344		19,690		253,034

	Net book value
	At 31 October 2025	144,518		25,315		169,833
	At 31 October 2024	172,808		33,753		206,561


4	Debtors			2025		2024
£					£

	Trade debtors			136,936		227,868
	Other debtors			7,372		78,363
				144,308		306,231


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			20,103		121,850
	Taxation and social security costs			121,602		92,522
	Other creditors			11,988		104,095
				153,693		318,467

6	Other information

	WATSON ENGINEERING (BHAM) LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	Grays Court
	5 Nursery Road
	Edgbaston
	Birmingham
	B15 3JX

WATSON ENGINEERING (BHAM) LIMITED
Detailed profit and loss account
for the year ended 31 October 2025
This schedule does not form part of the statutory accounts

	2025		2024
£		£

Sales	933,606		1,053,539

Cost of sales	(711,662)		(692,835)

Gross profit	221,944		360,704

Administrative expenses	(149,600)		(202,794)

Operating profit	72,344		157,910

Profit on the disposal of tangible fixed assets	-		6,316
Loss on loans written off	(21,576)		-
Interest receivable	52		-

Profit before tax	50,820		164,226

WATSON ENGINEERING (BHAM) LIMITED
Detailed profit and loss account
for the year ended 31 October 2025
This schedule does not form part of the statutory accounts

		2025		2024
£			£
Sales
Sales		933,606		1,053,539

Cost of sales
Opening stock		1,950		2,100
Materials and carriage		279,986		351,094
Directors' salaries		133,334		168,418
Directors' NI		18,581		20,206
Directors' pensions		2,321		2,321
Wages and salaries		252,106		138,599
Employer's NI		22,677		9,601
Pensions		2,507		2,446
Closing stock		(1,800)		(1,950)
		711,662		692,835

Administrative expenses
Employee costs:
	Salaries	6,000		6,000
	Motor expenses	9,829		20,414
		15,829		26,414
Premises costs:
	Rent, rates and water	1,885		2,348
	Light and heat	12,170		15,727
		14,055		18,075
General administrative expenses:
	Telephone and internet	1,734		4,971
	Printing, stationery and computer costs	4,432		15,803
	Bank charges	803		879
	Insurance	7,173		4,231
	Leasing	959		959
	Repairs and maintenance	13,595		23,490
	Depreciation - Fixtures & fittings	48,172		57,602
	Depreciation - Motor vehicles	8,438		11,252
	Sundry expenses	7,937		5,794
		93,243		124,981
Legal and professional costs:
	Accountancy fees	7,835		3,931
	Management fees	17,563		13,044
	Other legal and professional	1,075		16,349
		26,473		33,324

		149,600		202,794