LW Watches Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11387762 (England and Wales)

Unaudited Financial Statements

for the Period 1 June 2020 to 30 September 2020

for

LW Watches Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T J L Haggar

SECRETARY:

REGISTERED OFFICE:

4 Bluebell Lane

Wolfsdale

Haverfordwest

Pembrokeshire

SA62 6FE

REGISTERED NUMBER:

11387762 (England and Wales)

ACCOUNTANT:

Lucy Jo Hughes FCA

85 Queen Street

Pembroke Dock

Pembrokeshire

SA72 6JE

FIXED ASSETS

Tangible assets

4

-

3,824

CURRENT ASSETS

Stocks

310,623

272,940

Debtors

5

139,203

115,776

Cash at bank

25,925

26,262

475,751

414,978

CREDITORS

Amounts falling due within one year

6

107,862

45,514

NET CURRENT ASSETS

367,889

369,464

TOTAL ASSETS LESS CURRENT
LIABILITIES

367,889

373,288

CREDITORS

Amounts falling due after more than one
year

7

340,000

NET ASSETS

27,889

33,288

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

27,789

33,188

27,889

33,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2020 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2020 and were signed by:

T J L Haggar - Director

1.	STATUTORY INFORMATION

LW Watches Ltd is a private company, limited by shares , registered in England and Wales. 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 cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2020

5,608

Disposals

(5,608

)

At 30 September 2020

-

DEPRECIATION

At 1 June 2020

1,784

Charge for period

426

Eliminated on disposal

(2,210

)

At 30 September 2020

-

NET BOOK VALUE

At 30 September 2020

-

At 31 May 2020

3,824

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

31.5.20

£

Trade debtors

112,254

112,723

Other debtors

26,949

3,053

139,203

115,776

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

31.5.20

£

Taxation and social security

11,911

12,280

Other creditors

95,951

33,234

107,862

45,514

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.9.20

31.5.20

£

Bank loans

50,000

Other creditors

290,000

340,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

290,000

Repayable by instalments

Bank loans more 5 yr by instal

50,000

LW Watches Ltd - Accounts to registrar (filleted) - small 18.2

LW Watches Ltd - Accounts to registrar (filleted) - small 18.2