REGISTERED NUMBER: SC517405 (Scotland)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 October 2025

for

J D Watson (Laboratory) Ltd

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

Mr James David Watson

REGISTERED OFFICE:

4 Blairtummock Place

Glasgow

G33 4EN

REGISTERED NUMBER:

SC517405 (Scotland)

ACCOUNTANTS:

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

The director presents his report with the financial statements of the company for the year ended 31 October 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of manufacture of medical and dental instruments and supplies.

DIRECTOR

Mr James David Watson held office during the whole of the period from 1 November 2024 to the date of this report.

POLITICAL DONATIONS AND EXPENDITURE

Batsman £117, Go Fund Me £816, Search to Help Find Gre Monks £118 & Cancer Research UK £100

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mr James David Watson - Director

12 January 2026

TURNOVER

1,769,376

1,569,739

Cost of sales

1,296,093

1,173,743

GROSS PROFIT

473,283

395,996

Administrative expenses

244,626

213,755

OPERATING PROFIT

4

228,657

182,241

Interest receivable and similar income

-

163

228,657

182,404

Interest payable and similar expenses

11,840

5,758

PROFIT BEFORE TAXATION

216,817

176,646

Tax on profit

67,631

24,942

PROFIT FOR THE FINANCIAL YEAR

149,186

151,704

FIXED ASSETS

Tangible assets

5

246,231

287,390

CURRENT ASSETS

Debtors

6

261,436

170,469

Cash at bank

573,413

461,071

834,849

631,540

CREDITORS

Amounts falling due within one year

7

505,100

432,136

NET CURRENT ASSETS

329,749

199,404

TOTAL ASSETS LESS CURRENT LIABILITIES

575,980

486,794

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

575,880

486,694

575,980

486,794

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 12 January 2026 and were signed by:

Mr James David Watson - Director

1.	STATUTORY INFORMATION

J D Watson (Laboratory) 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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 13 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.10.25

31.10.24

£

£

Depreciation - owned assets

61,470

52,406

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2024

110,000

259,724

369,724

Additions

-

20,311

20,311

At 31 October 2025

110,000

280,035

390,035

DEPRECIATION

At 1 November 2024

-

82,334

82,334

Charge for year

-

61,470

61,470

At 31 October 2025

-

143,804

143,804

NET BOOK VALUE

At 31 October 2025

110,000

136,231

246,231

At 31 October 2024

110,000

177,390

287,390

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

175,511

82,341

Other debtors

85,925

88,128

261,436

170,469

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

6,437

16,831

Hire purchase contracts

107,969

129,102

Trade creditors

53,992

49,724

Taxation and social security

98,356

53,549

Other creditors

238,346

182,930

505,100

432,136