Peter Watson (Cumbria) Limited

Peter Watson (Cumbria) Limited

PETER WATSON (CUMBRIA) LIMITED - Company Information

Print Friendly Version

true 1 April 2013 31 March 2014 31 March 2014 true false 04394173 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04394173 2013-03-31 04394173 2014-03-31 04394173 2013-04-01 2014-03-31 04394173 uk-gaap:RestatedAmount 2013-03-31 04394173 uk-gaap:RestatedAmount 2014-03-31 04394173 uk-gaap:NetGoodwill 2013-03-31 04394173 uk-gaap:NetGoodwill 2014-03-31 04394173 uk-gaap:NetGoodwill 2013-04-01 2014-03-31 04394173 uk-gaap:OtherIntangibleFixedAssets 2013-04-01 2014-03-31 04394173 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-03-31 04394173 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-03-31 04394173 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-04-01 2014-03-31 04394173 uk-gaap:DevelopmentCosts 2013-03-31 04394173 uk-gaap:DevelopmentCosts 2014-03-31 04394173 uk-gaap:DevelopmentCosts 2013-04-01 2014-03-31 04394173 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-03-31 04394173 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-04-01 2014-03-31 04394173 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-03-31 04394173 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2013-04-01 2014-03-31 04394173 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2013-03-31 04394173 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2014-03-31 04394173 uk-gaap:PlantMachinery 2013-04-01 2014-03-31 04394173 uk-gaap:PlantMachinery 2013-03-31 04394173 uk-gaap:PlantMachinery 2014-03-31 04394173 uk-gaap:Vehicles 2013-04-01 2014-03-31 04394173 uk-gaap:Vehicles 2013-03-31 04394173 uk-gaap:Vehicles 2014-03-31 04394173 uk-gaap:FixturesFittings 2013-04-01 2014-03-31 04394173 uk-gaap:FixturesFittings 2013-03-31 04394173 uk-gaap:FixturesFittings 2014-03-31 04394173 uk-gaap:ComputerEquipment 2013-04-01 2014-03-31 04394173 uk-gaap:ComputerEquipment 2013-03-31 04394173 uk-gaap:ComputerEquipment 2014-03-31 04394173 uk-gaap:SharesListedFixedAssetInvestments 2013-03-31 04394173 uk-gaap:SharesListedFixedAssetInvestments 2013-04-01 2014-03-31 04394173 uk-gaap:SharesListedFixedAssetInvestments 2014-03-31 04394173 uk-gaap:SharesUnlistedFixedAssetInvestments 2013-03-31 04394173 uk-gaap:SharesUnlistedFixedAssetInvestments 2013-04-01 2014-03-31 04394173 uk-gaap:SharesUnlistedFixedAssetInvestments 2014-03-31 04394173 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2013-03-31 04394173 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2013-04-01 2014-03-31 04394173 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2014-03-31 04394173 uk-gaap:ProvisionsForBadDebts 2013-03-31 04394173 uk-gaap:ProvisionsForBadDebts 2013-04-01 2014-03-31 04394173 uk-gaap:ProvisionsForBadDebts 2014-03-31 04394173 uk-gaap:ProvisionsForDeferredTaxation 2013-03-31 04394173 uk-gaap:ProvisionsForDeferredTaxation 2013-04-01 2014-03-31 04394173 uk-gaap:ProvisionsForDeferredTaxation 2014-03-31 04394173 uk-gaap:OtherProvisions 2013-03-31 04394173 uk-gaap:OtherProvisions 2013-04-01 2014-03-31 04394173 uk-gaap:OtherProvisions 2014-03-31 04394173 uk-gaap:WithinOneYear 2013-03-31 04394173 uk-gaap:WithinOneYear 2013-04-01 2014-03-31 04394173 uk-gaap:WithinOneYear 2014-03-31 04394173 uk-gaap:AfterOneYear 2013-03-31 04394173 uk-gaap:AfterOneYear 2013-04-01 2014-03-31 04394173 uk-gaap:AfterOneYear 2014-03-31 04394173 uk-bus:AllOrdinaryShares 2014-03-31 04394173 uk-bus:AllOrdinaryShares 2013-03-31 04394173 uk-bus:OrdinaryShareClass1 2014-03-31 04394173 uk-bus:OrdinaryShareClass2 2014-03-31 04394173 uk-bus:OrdinaryShareClass3 2014-03-31 04394173 uk-bus:OrdinaryShareClass4 2014-03-31 04394173 uk-bus:OrdinaryShareClass5 2014-03-31 04394173 uk-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 04394173 uk-bus:OrdinaryShareClass2 2013-04-01 2014-03-31 04394173 uk-bus:OrdinaryShareClass3 2013-04-01 2014-03-31 04394173 uk-bus:OrdinaryShareClass4 2013-04-01 2014-03-31 04394173 uk-bus:OrdinaryShareClass5 2013-04-01 2014-03-31 04394173 uk-bus:PreferenceShareClass1 2014-03-31 04394173 uk-bus:PreferenceShareClass2 2014-03-31 04394173 uk-bus:PreferenceShareClass3 2014-03-31 04394173 uk-bus:PreferenceShareClass4 2014-03-31 04394173 uk-bus:PreferenceShareClass5 2014-03-31 04394173 uk-bus:PreferenceShareClass1 2013-04-01 2014-03-31 04394173 uk-bus:PreferenceShareClass2 2013-04-01 2014-03-31 04394173 uk-bus:PreferenceShareClass3 2013-04-01 2014-03-31 04394173 uk-bus:PreferenceShareClass4 2013-04-01 2014-03-31 04394173 uk-bus:PreferenceShareClass5 2013-04-01 2014-03-31 04394173 uk-bus:CompanySecretary 2013-04-01 2014-03-31 04394173 uk-bus:RegisteredOffice 2013-04-01 2014-03-31 04394173 uk-bus:EntityAccountantsOrAuditors 2013-04-01 2014-03-31 04394173 uk-bus:EntityAccountantsOrAuditors 2014-03-31 04394173 uk-bus:MainBusiness 2013-04-01 2014-03-31 04394173 uk-bus:EntityBankers 2013-04-01 2014-03-31 04394173 uk-bus:EntityLawyersOrLegalAdvisers 2013-04-01 2014-03-31 04394173 uk-gaap:BeforeAnyAdjustmentsForAmortisationImpairment uk-gaap:BeforeAnyAdjustmentsForExceptionalItems 2013-04-01 2014-03-31 04394173 uk-bus:HighestPaidDirector 2013-04-01 2014-03-31 04394173 uk-bus:HighestPaidDirector 2014-03-31 04394173 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2013-04-01 2014-03-31 04394173 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2013-04-01 2014-03-31 04394173 uk-bus:AllOrdinaryShares uk-gaap:DividendsProposed 2013-04-01 2014-03-31 04394173 uk-bus:AllEntityOfficers 2013-04-01 2014-03-31 04394173 uk-gaap:InvestmentProperties 2013-03-31 04394173 uk-gaap:InvestmentProperties 2013-04-01 2014-03-31 04394173 uk-gaap:InvestmentProperties 2014-03-31 04394173 uk-gaap:IntellectualProperty 2013-04-01 2014-03-31 04394173 uk-gaap:IntellectualProperty 2013-03-31 04394173 uk-gaap:IntellectualProperty 2014-03-31 04394173 uk-countries:UnitedKingdom 2013-04-01 2014-03-31 04394173 uk-countries:Europe 2013-04-01 2014-03-31 04394173 uk-countries:NorthAmerica 2013-04-01 2014-03-31 04394173 uk-countries:SouthAmerica 2013-04-01 2014-03-31 04394173 uk-countries:Asia 2013-04-01 2014-03-31 04394173 uk-countries:RestWorldOutsideUK 2013-04-01 2014-03-31 04394173 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-04-01 2014-03-31 04394173 uk-gaap:LeasedTangibleFixedAssets 2013-04-01 2014-03-31 04394173 uk-gaap:AllSubsidiaries 2013-04-01 2014-03-31 04394173 uk-gaap:AllAssociates 2013-04-01 2014-03-31 04394173 dpl-gaap:CostSales 2013-03-31 04394173 dpl-gaap:CostSales 2014-03-31 04394173 dpl-gaap:CostSales 2013-04-01 2014-03-31 04394173 dpl-gaap:DistributionCosts 2013-04-01 2014-03-31 04394173 dpl-gaap:AdministrativeExpenses 2013-04-01 2014-03-31 04394173 uk-bus:Director1 2013-04-01 2014-03-31 04394173 2012-03-31 04394173 2013-03-31 04394173 2012-04-01 2013-03-31 04394173 uk-gaap:RestatedAmount 2012-03-31 04394173 uk-gaap:RestatedAmount 2013-03-31 04394173 uk-gaap:NetGoodwill 2012-03-31 04394173 uk-gaap:NetGoodwill 2013-03-31 04394173 uk-gaap:NetGoodwill 2012-04-01 2013-03-31 04394173 uk-gaap:OtherIntangibleFixedAssets 2012-04-01 2013-03-31 04394173 uk-gaap:IntangibleAssetsOtherThanGoodwill 2012-03-31 04394173 uk-gaap:IntangibleAssetsOtherThanGoodwill 2013-03-31 04394173 uk-gaap:IntangibleAssetsOtherThanGoodwill 2012-04-01 2013-03-31 04394173 uk-gaap:DevelopmentCosts 2012-03-31 04394173 uk-gaap:DevelopmentCosts 2013-03-31 04394173 uk-gaap:DevelopmentCosts 2012-04-01 2013-03-31 04394173 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2012-03-31 04394173 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2012-04-01 2013-03-31 04394173 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2013-03-31 04394173 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2012-04-01 2013-03-31 04394173 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2012-03-31 04394173 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2013-03-31 04394173 uk-gaap:PlantMachinery 2012-04-01 2013-03-31 04394173 uk-gaap:PlantMachinery 2012-03-31 04394173 uk-gaap:PlantMachinery 2013-03-31 04394173 uk-gaap:Vehicles 2012-04-01 2013-03-31 04394173 uk-gaap:Vehicles 2012-03-31 04394173 uk-gaap:Vehicles 2013-03-31 04394173 uk-gaap:FixturesFittings 2012-04-01 2013-03-31 04394173 uk-gaap:FixturesFittings 2012-03-31 04394173 uk-gaap:FixturesFittings 2013-03-31 04394173 uk-gaap:ComputerEquipment 2012-04-01 2013-03-31 04394173 uk-gaap:ComputerEquipment 2012-03-31 04394173 uk-gaap:ComputerEquipment 2013-03-31 04394173 uk-gaap:SharesListedFixedAssetInvestments 2012-03-31 04394173 uk-gaap:SharesListedFixedAssetInvestments 2012-04-01 2013-03-31 04394173 uk-gaap:SharesListedFixedAssetInvestments 2013-03-31 04394173 uk-gaap:SharesUnlistedFixedAssetInvestments 2012-03-31 04394173 uk-gaap:SharesUnlistedFixedAssetInvestments 2012-04-01 2013-03-31 04394173 uk-gaap:SharesUnlistedFixedAssetInvestments 2013-03-31 04394173 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2012-03-31 04394173 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2012-04-01 2013-03-31 04394173 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2013-03-31 04394173 uk-gaap:ProvisionsForBadDebts 2012-03-31 04394173 uk-gaap:ProvisionsForBadDebts 2012-04-01 2013-03-31 04394173 uk-gaap:ProvisionsForBadDebts 2013-03-31 04394173 uk-gaap:ProvisionsForDeferredTaxation 2012-03-31 04394173 uk-gaap:ProvisionsForDeferredTaxation 2012-04-01 2013-03-31 04394173 uk-gaap:ProvisionsForDeferredTaxation 2013-03-31 04394173 uk-gaap:OtherProvisions 2012-03-31 04394173 uk-gaap:OtherProvisions 2012-04-01 2013-03-31 04394173 uk-gaap:OtherProvisions 2013-03-31 04394173 uk-gaap:WithinOneYear 2012-03-31 04394173 uk-gaap:WithinOneYear 2012-04-01 2013-03-31 04394173 uk-gaap:WithinOneYear 2013-03-31 04394173 uk-gaap:AfterOneYear 2012-03-31 04394173 uk-gaap:AfterOneYear 2012-04-01 2013-03-31 04394173 uk-gaap:AfterOneYear 2013-03-31 04394173 uk-bus:AllOrdinaryShares 2013-03-31 04394173 uk-bus:AllOrdinaryShares 2012-03-31 04394173 uk-bus:OrdinaryShareClass1 2013-03-31 04394173 uk-bus:OrdinaryShareClass2 2013-03-31 04394173 uk-bus:OrdinaryShareClass3 2013-03-31 04394173 uk-bus:OrdinaryShareClass4 2013-03-31 04394173 uk-bus:OrdinaryShareClass5 2013-03-31 04394173 uk-bus:OrdinaryShareClass1 2012-04-01 2013-03-31 04394173 uk-bus:OrdinaryShareClass2 2012-04-01 2013-03-31 04394173 uk-bus:OrdinaryShareClass3 2012-04-01 2013-03-31 04394173 uk-bus:OrdinaryShareClass4 2012-04-01 2013-03-31 04394173 uk-bus:OrdinaryShareClass5 2012-04-01 2013-03-31 04394173 uk-bus:PreferenceShareClass1 2013-03-31 04394173 uk-bus:PreferenceShareClass2 2013-03-31 04394173 uk-bus:PreferenceShareClass3 2013-03-31 04394173 uk-bus:PreferenceShareClass4 2013-03-31 04394173 uk-bus:PreferenceShareClass5 2013-03-31 04394173 uk-bus:PreferenceShareClass1 2012-04-01 2013-03-31 04394173 uk-bus:PreferenceShareClass2 2012-04-01 2013-03-31 04394173 uk-bus:PreferenceShareClass3 2012-04-01 2013-03-31 04394173 uk-bus:PreferenceShareClass4 2012-04-01 2013-03-31 04394173 uk-bus:PreferenceShareClass5 2012-04-01 2013-03-31 04394173 uk-bus:CompanySecretary 2012-04-01 2013-03-31 04394173 uk-bus:RegisteredOffice 2012-04-01 2013-03-31 04394173 uk-bus:EntityAccountantsOrAuditors 2012-04-01 2013-03-31 04394173 uk-bus:EntityAccountantsOrAuditors 2013-03-31 04394173 uk-bus:MainBusiness 2012-04-01 2013-03-31 04394173 uk-bus:EntityBankers 2012-04-01 2013-03-31 04394173 uk-bus:EntityLawyersOrLegalAdvisers 2012-04-01 2013-03-31 04394173 uk-gaap:BeforeAnyAdjustmentsForAmortisationImpairment uk-gaap:BeforeAnyAdjustmentsForExceptionalItems 2012-04-01 2013-03-31 04394173 uk-bus:HighestPaidDirector 2012-04-01 2013-03-31 04394173 uk-bus:HighestPaidDirector 2013-03-31 04394173 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2012-04-01 2013-03-31 04394173 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2012-04-01 2013-03-31 04394173 uk-bus:AllOrdinaryShares uk-gaap:DividendsProposed 2012-04-01 2013-03-31 04394173 uk-bus:AllEntityOfficers 2012-04-01 2013-03-31 04394173 uk-gaap:InvestmentProperties 2012-03-31 04394173 uk-gaap:InvestmentProperties 2012-04-01 2013-03-31 04394173 uk-gaap:InvestmentProperties 2013-03-31 04394173 uk-gaap:IntellectualProperty 2012-04-01 2013-03-31 04394173 uk-gaap:IntellectualProperty 2012-03-31 04394173 uk-gaap:IntellectualProperty 2013-03-31 04394173 uk-countries:UnitedKingdom 2012-04-01 2013-03-31 04394173 uk-countries:Europe 2012-04-01 2013-03-31 04394173 uk-countries:NorthAmerica 2012-04-01 2013-03-31 04394173 uk-countries:SouthAmerica 2012-04-01 2013-03-31 04394173 uk-countries:Asia 2012-04-01 2013-03-31 04394173 uk-countries:RestWorldOutsideUK 2012-04-01 2013-03-31 04394173 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2012-04-01 2013-03-31 04394173 uk-gaap:LeasedTangibleFixedAssets 2012-04-01 2013-03-31 04394173 uk-gaap:AllSubsidiaries 2012-04-01 2013-03-31 04394173 uk-gaap:AllAssociates 2012-04-01 2013-03-31 04394173 dpl-gaap:CostSales 2012-03-31 04394173 dpl-gaap:CostSales 2013-03-31 04394173 dpl-gaap:CostSales 2012-04-01 2013-03-31 04394173 dpl-gaap:DistributionCosts 2012-04-01 2013-03-31 04394173 dpl-gaap:AdministrativeExpenses 2012-04-01 2013-03-31 04394173 uk-bus:Director1 2012-04-01 2013-03-31
Registered number: 04394173
Peter Watson (Cumbria) Limited
Abbreviated accounts
For The Year Ended 31 March 2014
Doherty & Co

Chartered Accountants

Riddingdyke
Cummertrees
Annan
Dumfriesshire
DG12 5PU
Peter Watson (Cumbria) Limited
Company No. 04394173
Abbreviated Balance Sheet 31 March 2014
Abbreviated Balance Sheet
2014 2013
Notes £ £ £ £
FIXED ASSETS
Tangible assets 2 3,821 1,373
3,821 1,373
CURRENT ASSETS
Stocks 1,881 1,885
Debtors 355 253
Cash at bank and in hand 2,447 2,566
4,683 4,704
Creditors: Amounts Falling Due Within One Year (3,723) (1,484)
NET CURRENT ASSETS (LIABILITIES) 960 3,220
TOTAL ASSETS LESS CURRENT LIABILITIES 4,781 4,593
Creditors: Amounts Falling After More Than One Year 3 (2,745) (3,213)
PROVISIONS FOR LIABILITIES
Deferred Taxation (746) (288)
NET ASSETS 1,290 1,092
CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and Loss account 1,289 1,091
SHAREHOLDERS' FUNDS 1,290 1,092
Page 1
Peter Watson (Cumbria) Limited
Company No. 04394173
Abbreviated Balance Sheet (continued) 31 March 2014
For the year ending 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities
  • The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).
On behalf of the board
Mr Peter Watson
23/12/2014
Page 2
Peter Watson (Cumbria) Limited
Notes to the Abbreviated Accounts
For The Year Ended 31 March 2014
Notes to the Abbreviated Accounts
Accounting Policies
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Deferred Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
Tangible Assets
Total
Cost £
As at 1 April 2013 6,149
Additions 3,750
Disposals (2,900)
As at 31 March 2014 6,999
Depreciation
As at 1 April 2013 4,776
Provided during the period 605
Disposals (2,203)
As at 31 March 2014 3,178
Net Book Value
As at 31 March 2014 3,821
As at 1 April 2013 1,373
Page 3
Peter Watson (Cumbria) Limited
Notes to the Abbreviated Accounts (continued)
For The Year Ended 31 March 2014
Creditors: Amounts Falling After More Than One Year
2014 2013
£ £
Directors loan account 2,745 3,213
Share Capital
Value Number 2014 2013
Allotted, called up and fully paid: £ £ £
Ordinary shares 1.000 1 1 1
Page 4