Registered Number
:
03577754
|
For the year ended 31 March 2019
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2019
Waterco Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Waterco Limited
Statement of Financial Position
2018
2019
Property
,
plant and equipment
|
271,379
241,566
2
1,001
1,001
3
272,380
242,567
Trade and other receivables
|
559,043
628,329
4
300,061
Cash and cash equivalents
|
402,371
1,030,700
859,104
Trade and other payables
:
amounts falling due within one year
|
(174,156)
(216,184)
5
684,948
814,516
Net current assets
Total assets less current liabilities
|
1,086,896
927,515
(26,000)
(27,000)
Provisions for liabilities
|
1,060,896
Net assets
900,515
100
100
1,060,796
900,415
1,060,896
900,515
Shareholders' funds
For the year ended 31 March 2019 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 2019 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 applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 17 June 2019 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 March 2019
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.
|
2 of 4
For the year ended 31 March 2019
Waterco Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
574,636
252,570
80,396
87,265
154,405
122,841
29,044
4,369
22,500
66,928
(410)
(217)
(26,600)
-
(27,227)
83,165
84,548
281,204
670,250
221,333
Provision for depreciation and impairment
|
333,070
186,265
52,366
42,536
51,903
Charge for year
82,280
48,263
4,836
11,347
17,834
(16,479)
(410)
(60)
(16,009)
-
398,871
234,118
57,142
37,874
69,737
151,596
45,291
27,406
47,086
271,379
102,502
44,729
28,030
66,305
241,566
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
2019
was £
7
,
446
(
2018
£
3
,
249
)
and the capital and reserves were £
26
,
756
|
(
2018
£
13
,
213
).
|
4
.
Trade and other receivables
|
2018
2019
429,149
260,684
199,180
298,359
559,043
628,329
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For the year ended 31 March 2019
Waterco Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2018
2019
29,840
14,897
Taxation and social security
|
181,444
152,379
4,900
6,880
216,184
174,156
6
.
Related party transactions
|
The director
'
s pension scheme
,
mentioned in note
1
,
owns the companys
'
trading premises
.
Rent paid during the year was
|
£
27
,
000
.
|
7
.
Average number of persons employed
|
During the year the average number of employees was 54 (2018 : 49)
4 of 4