Registered Number
:
00613498
|
For the year ended 31 March 2020
England and Wales
Unaudited Financial Statements
Cecil E. Watts Limited
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
3,237,456
3,248,874
2
3,237,456
3,248,874
Trade and other receivables
|
5,605
15,514
3
189,418
Cash and cash equivalents
|
226,058
241,572
195,023
Trade and other payables
:
amounts falling due within one
|
year
|
(60,494)
(111,306)
4
134,529
130,266
Net current assets
Total assets less current liabilities
|
3,367,722
3,383,403
Trade and other payables
:
amounts falling due after more
|
than one year
|
(99,727)
(100,000)
5
(3,171)
(4,923)
Provisions for liabilities
|
3,264,551
Net assets
3,278,753
47,604
47,604
1,193,249
1,193,249
6
2,023,698
2,037,900
3,264,551
3,278,753
Shareholders' funds
For the year ended 31 March 2020 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 of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
|
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
1 of 5
For the year ended 31 March 2020
Cecil E. Watts Limited
Statement of Financial Position Continued
Mr Douglas Luxford-Watts Director
|
These financial statements were approved and authorised for issue by the Board on 06 November 2020 and were signed by:
|
The notes form part of these financial statements
|
2 of 5
For the year ended 31 March 2020
Cecil E. Watts Limited
Notes to the Financial Statements
Statutory Information
Cecil E
.
Watts Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
00613498
.
|
Darby House
Lower Hampton Road
Sunbury On Thames
Middlesex
TW16 5PJ
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
''
The Financial Reporting Standard applicable in the UK and Republic of Ireland
''
and the
|
Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Provision is made for the potential charge to tax that would arise should the company dispose of its fixed assets at the stated net book value to the extent that this is in excess of the tax written down value.
|
Going concern - impact of Covid 19 virus
Since the outbreak of the Covid
-
19
virus the global economy has suffered and continues to suffer a significant
|
downturn
.
Fortunately
,
due to the nature of the business the impact of the pandemic has been small
.
The company
|
continues to monitor the situation and will take the necessary steps to ensure the impact continues to be reduced as
|
much as possible
.
|
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less deprecation
.
Depreciation is provided at rates calculated to
|
write of the cost or valuation off fixed assets
,
less their estimated residual value
,
over their expected useful lives on
|
the following bases
:
|
Long leasehold property
-
Over the term of the lease
(
112
years
)
|
Plant and Machinery
-
33
%
on cost
|
Motor vehicles
-
20
%
on cost
|
Fixtures and fittings
-
33
%
on cost
|
Computer
(
office
)
equipment
-
33
%
on cost
|
Revaluation of tangible fixed assets
:
|
As permitted by the transitional provisions of the Financial Reporting Standards for Smaller Entities the company
|
elected not to adopt a policy of revalution of tangible fixed assets
.
The company has retained the book value of land
|
and buildings as of
5
th October
1998
and will not update that valuation
.
|
3 of 5
For the year ended 31 March 2020
Cecil E. Watts Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
3,280,991
5,244
4,509
26,990
12,637
3,231,611
5,507
762
-
-
4,745
-
-
(787)
-
(4,691)
-
(5,478)
3,231,611
26,990
3,722
6,006
3,281,020
12,691
Provision for depreciation and impairment
|
32,117
3,518
2,105
6,075
3,764
16,655
Charge for year
12,234
1,163
1,327
5,410
3,578
756
(787)
-
(787)
-
-
-
43,564
4,681
2,645
11,485
7,342
17,411
3,214,200
5,349
15,505
1,077
1,325
3,237,456
3,214,956
8,873
20,915
2,404
1,726
3,248,874
Revaluation of tangible fixed assets
|
As permitted by the transitional provisions of the Financial Reporting Standards for Smaller Entities the company
|
elected not to adopt a policy of revalution of tangible fixed assets
.
The company has retained the book value of land
|
and buildings as of
5
th October
1998
and will not update that valuation
.
|
3
.
Trade and other receivables
|
2019
2020
15,101
4,496
413
1,109
5,605
15,514
4
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
2
-
Taxation and social security
|
51,967
38,495
59,337
21,999
111,306
60,494
4 of 5
For the year ended 31 March 2020
Cecil E. Watts Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2019
2020
100,000
99,727
Revaluation reserve at
01
April
2019
|
1,193,249
1,193,249
Revaluation reserve at
31
March
2020
|
7
.
Average number of persons employed
|
During the year the average number of employees was 3 (2019 : 3)
5 of 5