08465116 1.4.15 31.3.16 31.3.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure084651162015-03-31084651162016-03-31084651162015-04-012016-03-31084651162014-03-31084651162014-04-012015-03-31084651162015-03-3108465116ns12:England2015-04-012016-03-3108465116ns14:PoundSterling2015-04-012016-03-3108465116ns7:Director12015-04-012016-03-3108465116ns7:OrdinaryShareClass12015-04-012016-03-3108465116ns7:Director22015-04-012016-03-3108465116ns7:Director32015-04-012016-03-3108465116ns7:Director42015-04-012016-03-3108465116ns7:Director52015-04-012016-03-3108465116ns7:Director62015-04-012016-03-3108465116ns7:Director72015-04-012016-03-3108465116ns7:Director82015-04-012016-03-3108465116ns7:Director92015-04-012016-03-3108465116ns7:Director102015-04-012016-03-3108465116ns7:CompanySecretary2015-04-012016-03-3108465116ns7:RegisteredOffice2015-04-012016-03-3108465116ns7:EntityAccountantsOrAuditors2015-04-012016-03-3108465116ns5:PlantMachinery2015-04-012016-03-3108465116ns5:FixturesFittings2015-04-012016-03-3108465116ns5:ComputerEquipment2015-04-012016-03-3108465116ns7:OrdinaryShareClass12016-03-3108465116ns7:OrdinaryShareClass12015-03-31
REGISTERED NUMBER: 08465116 (England and Wales)













ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

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 2016




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 2016







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





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 2016

2016 2015
Notes £    £   
FIXED ASSETS
Intangible assets 2 1,517,001 1,795,001
Tangible assets 3 283,482 289,382
1,800,483 2,084,383

CURRENT ASSETS
Stocks 601,150 626,105
Debtors 961,255 732,477
Cash in hand 251 62
1,562,656 1,358,644
CREDITORS
Amounts falling due within one year (814,815 ) (634,422 )
NET CURRENT ASSETS 747,841 724,222
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,548,324

2,808,605

CREDITORS
Amounts falling due after more than one
year

(2,397,943

)

(2,722,234

)
NET ASSETS 150,381 86,371

CAPITAL AND RESERVES
Called up share capital 4 10,000 8,000
Share premium 132,300 72,000
Profit and loss account 8,081 6,371
SHAREHOLDERS' FUNDS 150,381 86,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 2016


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 30 December 2016 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 2016

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 January 2015).

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 2015
and 31 March 2016 2,150,001
AMORTISATION
At 1 April 2015 355,000
Amortisation for year 278,000
At 31 March 2016 633,000
NET BOOK VALUE

At 31 March 2016 1,517,001
At 31 March 2015 1,795,001
WATSON ASSOCIATES (PROFESSIONAL
SERVICES) LIMITED (REGISTERED NUMBER: 08465116)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 872,985
Additions 39,952
At 31 March 2016 912,937
DEPRECIATION
At 1 April 2015 583,603
Charge for year 45,852
At 31 March 2016 629,455
NET BOOK VALUE
At 31 March 2016 283,482
At 31 March 2015 289,382

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
10,000 Ordinary £1 10,000 8,000

2,000 Ordinary shares of £1 each were allotted as fully paid at a premium of 30.15 per share during the year.

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