Company Registration No. 08071145 (England and Wales)
WATERFOX LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
WATERFOX LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
WATERFOX LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
1,217
2,067
Tangible assets
2
1,122
1,819
2,339
3,886
Current assets
Stocks
3,614
-
Debtors
-
100
Cash at bank and in hand
357
50,739
3,971
50,839
Creditors: amounts falling due within one year
(2,374)
(8,510)
Net current assets
1,597
42,329
Total assets less current liabilities
3,936
46,215
Creditors: amounts falling due after more than one year
-
(170,183)
3,936
(123,968)
Capital and reserves
Profit and loss account
3,936
(123,968)
Shareholders' funds
3,936
(123,968)
For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 23 January 2017
Mr A Kontos
Director
Company Registration No. 08071145
WATERFOX LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
Straight line over 3 years
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 May 2015 & at 30 April 2016
2,550
2,092
4,642
Depreciation
At 1 May 2015
483
273
756
Charge for the year
850
697
1,547
At 30 April 2016
1,333
970
2,303
Net book value
At 30 April 2016
1,217
1,122
2,339
At 30 April 2015
2,067
1,819
3,886