Waterside Developments (Ely) Limited 31/03/2019 iXBRL

Waterside Developments (Ely) Limited 31/03/2019 iXBRL

WATERSIDE DEVELOPMENTS (ELY) LIMITED - Company Information

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31/03/2019 2019-03-31 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2018-04-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 5066146 2018-04-01 2019-03-31 5066146 2019-03-31 5066146 2018-03-31 5066146 2018-03-31 5066146 core:FurnitureFittingsToolsEquipment 2018-04-01 2019-03-31 5066146 bus:OrdinaryShareClass1 2018-04-01 2019-03-31 5066146 bus:Director1 2018-04-01 2019-03-31 5066146 core:FurnitureFittingsToolsEquipment 2018-03-31 5066146 core:FurnitureFittingsToolsEquipment 2019-03-31 5066146 core:WithinOneYear 2019-03-31 5066146 core:WithinOneYear 2018-03-31 5066146 core:ShareCapital 2019-03-31 5066146 core:ShareCapital 2018-03-31 5066146 core:RetainedEarningsAccumulatedLosses 2019-03-31 5066146 core:RetainedEarningsAccumulatedLosses 2018-03-31 5066146 bus:OrdinaryShareClass1 core:ShareCapital 2019-03-31 5066146 bus:OrdinaryShareClass1 core:ShareCapital 2018-03-31 5066146 core:FurnitureFittingsToolsEquipment 2018-03-31 5066146 bus:SmallEntities 2018-04-01 2019-03-31 5066146 bus:AuditExemptWithAccountantsReport 2018-04-01 2019-03-31 5066146 bus:FullAccounts 2018-04-01 2019-03-31 5066146 bus:SmallCompaniesRegimeForAccounts 2018-04-01 2019-03-31 5066146 bus:PrivateLimitedCompanyLtd 2018-04-01 2019-03-31
Company registration number: 5066146
Waterside Developments (Ely) Limited
Unaudited filleted financial statements
31 March 2019
Waterside Developments (Ely) Limited
Statement of financial position
31st March 2019
2019 2018
Note £ £ £ £
Fixed assets
Tangible assets 4 1,766 2,003
_______ _______
1,766 2,003
Current assets
Debtors 47 64
Cash at bank and in hand 16,152 13,831
_______ _______
16,199 13,895
Creditors: amounts falling due
within one year ( 5,852) ( 4,718)
_______ _______
Net current assets 10,347 9,177
_______ _______
Total assets less current liabilities 12,113 11,180
Provisions for liabilities ( 299) ( 336)
_______ _______
Net assets 11,814 10,844
_______ _______
Capital and reserves
Called up share capital 5 2 2
Profit and loss account 11,812 10,842
_______ _______
Shareholders funds 11,814 10,844
_______ _______
For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 23 May 2019 , and are signed on behalf of the board by:
Mr Anthony John Walton
Director
Company registration number: 5066146
Waterside Developments (Ely) Limited
Notes to the financial statements
Year ended 31st March 2019
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Belvoir House, 1 Rous Road, Newmarket, Suffolk, CB8 8DH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1st April 2018 11,612 11,612
Additions 336 336
_______ _______
At 31st March 2019 11,948 11,948
_______ _______
Depreciation
At 1st April 2018 9,609 9,609
Charge for the year 573 573
_______ _______
At 31st March 2019 10,182 10,182
_______ _______
Carrying amount
At 31st March 2019 1,766 1,766
_______ _______
At 31st March 2018 2,003 2,003
_______ _______
5. Called up share capital
Issued, called up and fully paid
2019 2018
No £ No £
Ordinary shares of £ 1.00 each 2 2 2 2
_______ _______ _______ _______
6. Related party transactions
Creditors includes a Directors loan account (in credit) balance of £2,125 for the director Mr Anthony John Walton .