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REGISTERED NUMBER:
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Report of the Director and |
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Financial Statements for the Year Ended 31 December 2016 |
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WATER TO GO LIMITED |
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REGISTERED NUMBER:
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Report of the Director and |
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Financial Statements for the Year Ended 31 December 2016 |
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for |
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WATER TO GO LIMITED |
WATER TO GO LIMITED (REGISTERED NUMBER: 07285515) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2016 |
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Page |
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Company Information | 1 |
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Report of the Director | 2 |
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Chartered Certified Accountants' Report | 3 |
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Income Statement | 4 |
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Balance Sheet | 5 |
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Notes to the Financial Statements | 7 |
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WATER TO GO LIMITED |
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Company Information |
for the Year Ended 31 December 2016 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
Stirling House |
9 Burroughs Gardens |
Hendon |
London |
NW4 4AU |
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BANKERS: |
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205 High Street |
Berkhamsted |
Hertfordshire |
HP4 1AP |
WATER TO GO LIMITED (REGISTERED NUMBER: 07285515) |
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Report of the Director |
for the Year Ended 31 December 2016 |
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The director presents his report with the financial statements of the company for the year ended 31 December 2016. |
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PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of manufacture of filtered water bottles. |
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RESEARCH AND DEVELOPMENT |
During the year the company spent £74,986 on development of new bottle and filters. This cost will be written of over 3 |
years from 2017, as the benefit of this development will accrue from next year sales. |
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DIRECTORS |
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Other changes in directors holding office are as follows: |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
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ON BEHALF OF THE BOARD: |
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Chartered Certified Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Water To Go Limited |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Water To Go Limited for the year ended 31 December 2016 which comprise the Income |
Statement, Balance Sheet and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the director of Water To Go Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Water To Go Limited and state those matters that we have agreed to state to the director of Water To Go Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
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It is your duty to ensure that Water To Go Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Water To Go Limited. You consider that Water To Go Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Water To Go Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Certified Accountants |
Stirling House |
9 Burroughs Gardens |
Hendon |
London |
NW4 4AU |
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WATER TO GO LIMITED (REGISTERED NUMBER: 07285515) |
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Income Statement |
for the Year Ended 31 December 2016 |
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31.12.16 | 31.12.15 |
Notes | £ | £ | £ | £ |
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TURNOVER |
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Cost of sales |
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GROSS PROFIT |
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Distribution costs |
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Administrative expenses |
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404,322 | 336,501 |
(189,726 | ) | (113,647 | ) |
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Other operating income |
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OPERATING LOSS | 4 | ( |
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Interest payable and similar expenses |
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LOSS BEFORE TAXATION | ( |
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Tax on loss |
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LOSS FOR THE FINANCIAL YEAR | ( |
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WATER TO GO LIMITED (REGISTERED NUMBER: 07285515) |
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Balance Sheet |
31 December 2016 |
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31.12.16 | 31.12.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
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CURRENT ASSETS |
Stocks | 6 |
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Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
9 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
WATER TO GO LIMITED (REGISTERED NUMBER: 07285515) |
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Balance Sheet - continued |
31 December 2016 |
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The financial statements were approved by the director on
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WATER TO GO LIMITED (REGISTERED NUMBER: 07285515) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2016 |
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1. | STATUTORY INFORMATION |
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Water To Go Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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WATER TO GO LIMITED (REGISTERED NUMBER: 07285515) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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4. | OPERATING LOSS |
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The operating loss is stated after charging: |
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31.12.16 | 31.12.15 |
£ | £ |
Trade Mark amortisation |
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Development costs amortisation |
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Licence amortisation |
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5. | INTANGIBLE FIXED ASSETS |
Trade | Development |
Mark | costs | Licence | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2016 |
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Additions |
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At 31 December 2016 |
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AMORTISATION |
At 1 January 2016 |
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Amortisation for year |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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6. | STOCKS |
31.12.16 | 31.12.15 |
£ | £ |
Stocks |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Trade debtors |
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Prepayments |
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WATER TO GO LIMITED (REGISTERED NUMBER: 07285515) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Bank loans and overdrafts |
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Other loans |
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Trade creditors |
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Tax |
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Social security and other taxes |
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VAT | 1,646 | 2,428 |
Other creditors |
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Directors' current accounts | 11,877 | 22,361 |
Accrued expenses |
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9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Bank loans - 1-2 years |
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Bank loans - 2-5 years |
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Other loans - 2-5 years |
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Other loans relates to convertible loans received from investors. |
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10. | ULTIMATE CONTROLLING PARTY |
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The controlling party is D A Shanks. |