Registered Number 03196680

WATERSIDE INSTALLATIONS LIMITED

Abbreviated Accounts

31 May 2013

WATERSIDE INSTALLATIONS LIMITED Registered Number 03196680

Abbreviated Balance Sheet as at 31 May 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 26,694 39,009
26,694 39,009
Current assets
Stocks 30,861 28,853
Debtors 3 252,281 198,911
Cash at bank and in hand 938 32,488
284,080 260,252
Creditors: amounts falling due within one year (289,722) (250,699)
Net current assets (liabilities) (5,642) 9,553
Total assets less current liabilities 21,052 48,562
Creditors: amounts falling due after more than one year - (1,376)
Provisions for liabilities (3,506) (4,833)
Total net assets (liabilities) 17,546 42,353
Capital and reserves
Called up share capital 40 40
Share premium account 60 60
Profit and loss account 17,446 42,253
Shareholders' funds 17,546 42,353
  • For the year ending 31 May 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 11 November 2013

And signed on their behalf by:
K Gale, Director

WATERSIDE INSTALLATIONS LIMITED Registered Number 03196680

Notes to the Abbreviated Accounts for the period ended 31 May 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers
and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.
Improvements to premises over the life of the lease
Plant & machinery 25% reducing balance
Office equipment Straight line over 3 years
Motor vehicles 25% reducing balance

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets
£
Cost
At 1 June 2012 114,736
Additions -
Disposals (17,889)
Revaluations -
Transfers -
At 31 May 2013 96,847
Depreciation
At 1 June 2012 75,727
Charge for the year 7,343
On disposals (12,917)
At 31 May 2013 70,153
Net book values
At 31 May 2013 26,694
At 31 May 2012 39,009
3Debtors

Debtors 2013 2012
£ £
Trade debtors 250,840 193,879
Other debtors 1,441 5,032
252,281 198,911