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REGISTERED NUMBER: 08465116 (England and Wales)













ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

WATSON ASSOCIATES (PROFESSIONAL
SERVICES) LIMITED
WATSON ASSOCIATES (PROFESSIONAL
SERVICES) LIMITED (REGISTERED NUMBER: 08465116)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4
WATSON ASSOCIATES (PROFESSIONAL
SERVICES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2015







DIRECTORS: S J Moore
G D Slater
R C Harris
I D Hamblyn
J C Males
M G Wickens
M R Sellings
P Severn





SECRETARY: S J Moore





REGISTERED OFFICE: 30-34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 08465116 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Limited
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW
WATSON ASSOCIATES (PROFESSIONAL
SERVICES) LIMITED (REGISTERED NUMBER: 08465116)

ABBREVIATED BALANCE SHEET
31 MARCH 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 1,795,001 2,055,001
Tangible assets 3 289,382 278,156
2,084,383 2,333,157

CURRENT ASSETS
Stocks 626,105 543,526
Debtors 732,519 669,925
Cash in hand 62 72
1,358,686 1,213,523
CREDITORS
Amounts falling due within one year 634,422 475,978
NET CURRENT ASSETS 724,264 737,545
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,808,647

3,070,702

CREDITORS
Amounts falling due after more than one
year

2,722,276

2,988,082
NET ASSETS 86,371 82,620

CAPITAL AND RESERVES
Called up share capital 4 8,000 8,000
Share premium 72,000 72,000
Profit and loss account 6,371 2,620
SHAREHOLDERS' FUNDS 86,371 82,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.
WATSON ASSOCIATES (PROFESSIONAL
SERVICES) LIMITED (REGISTERED NUMBER: 08465116)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 31 December 2015 and were signed on its behalf
by:





S J Moore - Director

WATSON ASSOCIATES (PROFESSIONAL
SERVICES) LIMITED (REGISTERED NUMBER: 08465116)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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 - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised
evenly over its estimated useful life.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 2,150,001
AMORTISATION
At 1 April 2014 95,000
Amortisation for year 260,000
At 31 March 2015 355,000
NET BOOK VALUE

At 31 March 2015 1,795,001
At 31 March 2014 2,055,001
WATSON ASSOCIATES (PROFESSIONAL
SERVICES) LIMITED (REGISTERED NUMBER: 08465116)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 815,624
Additions 57,361
At 31 March 2015 872,985
DEPRECIATION
At 1 April 2014 537,468
Charge for year 46,135
At 31 March 2015 583,603
NET BOOK VALUE
At 31 March 2015 289,382
At 31 March 2014 278,156

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
8,000 Ordinary £1 8,000 8,000

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