REGISTERED NUMBER: 05237084 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2014

for

Watersoft (UK) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr N J Badham

Mrs D Badham

SECRETARY:

Mrs D Badham

REGISTERED OFFICE:

2nd Floor

181 Queensway

Bletchley

Milton Keynes

MK2 2DZ

REGISTERED NUMBER:

05237084 (England and Wales)

ACCOUNTANTS:

Sherwoods Ltd

Chartered Certified Accountants

2nd Floor

181 Queensway

Bletchley

Milton Keynes

MK2 2DZ

FIXED ASSETS

Tangible assets

2

4,769

4,621

CURRENT ASSETS

Stocks

13,946

10,480

Debtors

44,574

48,192

Cash at bank and in hand

56,068

37,442

114,588

96,114

CREDITORS

Amounts falling due within one year

14,603

15,552

NET CURRENT ASSETS

99,985

80,562

TOTAL ASSETS LESS CURRENT LIABILITIES

104,754

85,183

PROVISIONS FOR LIABILITIES

954

924

NET ASSETS

103,800

84,259

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

103,798

84,257

SHAREHOLDERS' FUNDS

103,800

84,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5 May 2015 and were signed on its behalf by:

Mr N J Badham - Director

1.	ACCOUNTING POLICIES

ACCOUNTING CONVENTION

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

TURNOVER

Turnover represents net invoiced sales of goods/services, net of Value Added Tax.

Revenue is recognised at the point when the goods or services are supplied.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 25% on cost

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

9,105

Additions

1,738

At 30 September 2014

10,843

DEPRECIATION

At 1 October 2013

4,484

Charge for year

1,590

At 30 September 2014

6,074

NET BOOK VALUE

At 30 September 2014

4,769

At 30 September 2013

4,621

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2014 and

30 September 2013:

30.9.14

30.9.13

£

£

Mrs D Badham

Balance outstanding at start of year

14,535

12,144

Amounts advanced

3,540

2,600

Amounts repaid

(3,669

)

(209

)

Balance outstanding at end of year

14,406

14,535

Mr N J Badham

Balance outstanding at start of year

14,535

12,144

Amounts advanced

3,540

2,600

Amounts repaid

(3,669

)

(209

)

Balance outstanding at end of year

14,406

14,535