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Company Registration No. 00332398 (England and Wales)
F.P.WATSON LIMITED Unaudited accounts for the year ended 31 January 2026
F.P.WATSON LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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F.P.WATSON LIMITED Company Information for the year ended 31 January 2026
Directors
Mustafa Hakimudin BHAIJI Hau Wee LIM Yew Huey THONG
Company Number
00332398 (England and Wales)
Registered Office
68 FRIAR GATE DERBY DE1 1FP ENGLAND
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F.P.WATSON LIMITED Statement of financial position as at 31 January 2026
2026 
2025 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
404,325 
404,325 
Tangible assets
5
264,339 
11,439 
668,664 
415,764 
Current assets
Inventories
192,585 
203,517 
Debtors
6
60,740 
72,754 
Cash at bank and in hand
46,231 
104,583 
299,556 
380,854 
Creditors: amounts falling due within one year
7
(757,994)
(712,818)
Net current liabilities
(458,438)
(331,964)
Net assets
210,226 
83,800 
Capital and reserves
Called up share capital
2,250 
2,250 
Profit and loss account
207,976 
81,550 
Shareholders' funds
210,226 
83,800 
For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2026 and were signed on its behalf by
Hau Wee LIM Director Company Registration No. 00332398
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F.P.WATSON LIMITED Notes to the Accounts for the year ended 31 January 2026
1
Statutory information
F.P.WATSON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 00332398. The registered office is 68 FRIAR GATE, DERBY, DE1 1FP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Straight Line Method
Motor vehicles
20% Straight Line Method
Fixtures & fittings
15% Straight Line Method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2025
404,325 
At 31 January 2026
404,325 
Amortisation
At 1 February 2025
- 
At 31 January 2026
- 
Net book value
At 31 January 2026
404,325 
At 31 January 2025
404,325 
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F.P.WATSON LIMITED Notes to the Accounts for the year ended 31 January 2026
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2025
15,961 
- 
15,961 
Additions
- 
256,092 
256,092 
At 31 January 2026
15,961 
256,092 
272,053 
Depreciation
At 1 February 2025
4,522 
- 
4,522 
Charge for the year
3,192 
- 
3,192 
At 31 January 2026
7,714 
- 
7,714 
Net book value
At 31 January 2026
8,247 
256,092 
264,339 
At 31 January 2025
11,439 
- 
11,439 
6
Debtors
2026 
2025 
£ 
£ 
Amounts falling due within one year
VAT
25,566 
24,572 
Trade debtors
35,174 
48,182 
60,740 
72,754 
7
Creditors: amounts falling due within one year
2026 
2025 
£ 
£ 
Trade creditors
260,952 
181,707 
Loans from directors
497,042 
531,111 
757,994 
712,818 
8
Average number of employees
During the year the average number of employees was 13 (2025: 15).
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