Registered Number
:
03577754
|
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2017
Waterco Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Waterco Limited
Statement of Financial Position
2016
2017
Property
,
plant and equipment
|
225,967
170,589
2
1,001
1,001
3
226,968
171,590
Trade and other receivables
|
359,112
666,146
4
194,888
Cash and cash equivalents
|
293,816
959,962
554,000
Trade and other payables
:
amounts falling due within one year
|
(194,599)
(295,471)
5
359,401
664,491
Net current assets
Total assets less current liabilities
|
891,459
530,991
(24,000)
(12,500)
Provisions for liabilities
|
867,459
Net assets
518,491
100
100
867,359
518,391
867,459
518,491
Shareholders' funds
For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
|
These financial statements were approved and authorised for issue by the Board on 09 August 2017 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2017
Waterco Limited
Notes to the Financial Statements
Statutory Information
Waterco Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
|
03577754
.
|
Eden Court
Lon Parcwr Business Park
Ruthin
Denbighshire
LL15 1NJ
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial Reporting
|
Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the Companies Act
2006
.
|
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
|
assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Research and development
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Leasehold property
Over 15 years Straight line
|
Computer equipment
Motor vehicles
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
|
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For the year ended 31 March 2017
Waterco Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
369,902
138,180
63,008
26,600
142,114
117,502
32,576
11,839
69,087
4,000
95,687
74,847
170,756
487,404
146,114
Provision for depreciation and impairment
|
199,313
117,093
42,580
7,773
31,867
Charge for year
62,124
25,564
4,840
21,978
9,742
261,437
142,657
47,420
29,751
41,609
104,505
65,936
27,427
28,099
225,967
110,247
18,827
20,428
21,087
170,589
3
.
Investments held as fixed assets
|
Shares in group and participating interests
|
1,001
1,001
1,001
1,001
1,001
1,001
1,001
1,001
The company owns
100
%
of the issued share capital of Waterco Consultants India Private Limited
,
a company incorporated
|
in India
.
The profit for the year ended
31
March
2017
was £
4
,
717
(
2016
£
1
,
819
)
and the capital and reserves were £
11
,
021
|
(
2016
£
6
,
465
).
|
4
.
Trade and other receivables
|
2016
2017
546,518
266,922
119,628
92,190
359,112
666,146
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For the year ended 31 March 2017
Waterco Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2016
2017
1,043
16,102
Taxation and social security
|
272,051
137,082
22,377
41,415
295,471
194,599
Dividends proposed and paid since the year end and before the date of approval of these financial statements £55,000.
7
.
Related party transactions
|
The director
'
s pension scheme
,
mentioned in note
1
,
owns the companys
'
trading premises
.
Rent paid during the year was
|
£
31
,
625
.
|
8
.
Average number of persons employed
|
During the year the average number of employees was 42 (2016 : 34)
9
.
Transition to FRS
102
|
These financial statements for the year ended
31
March
2017
are the first financial statements that comply with FRS
102
|
Section
1
A for small entities
.
The transition to FRS
102
Section
1
A for small entities has resulted in no changes in accounting
|
policies to those used previously
.
|
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