# I & N WATTS LTD. (09590317)

> I & N WATTS LTD. is an active private limited company (company number 09590317) incorporated on 14 May 2015, registered in Barry. Its registered activity is plastering (SIC 43310). Latest abridged accounts cover the period ending 31 May 2025, showing net assets of −£147k and cash of £6,045, with 0 employees on average. As abridged accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets fell 81% on the prior period (−£81k).

- Status: Active
- Incorporated: 2015-05-14
- Registered office: Barry, CF63 2AW
- SIC 43310: Plastering
- Next accounts due: 2027-02-28
- Confirmation statement due: 2027-05-28
- Accounts type: UNAUDITED ABRIDGED

By net assets it sits in the bottom quarter of 88 comparable companies in Cardiff (median £5,980, upper quartile £24k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-05-31 | −£147k | £6,045 | £322k | £452k | — | — | 0 |
| 2024-05-31 | −£81k | £6,402 | £318k | £346k | — | — | 3 |

current ratio 0.72; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets below zero: Net assets £-146,690 at 31 May 2025
- Net assets down 25% or more on the prior period: -81.4% vs prior period
- Current assets below creditors within one year: Current ratio 0.72
- Incorporated five or more years ago: Incorporated 14 May 2015

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Ian Keith Watts — owns 25–50% of shares, since 2016-04-06

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/09590317
HTML: https://firmoscan.com/company/09590317-i-n-watts-ltd