Wet Tech Limited - Accounts to registrar (filleted) - small 18.2
Wet Tech Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| WET TECH LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD |
| 1ST DECEMBER 2018 TO 31ST JANUARY 2020 |
| WET TECH LIMITED (REGISTERED NUMBER: 04928020) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1ST DECEMBER 2018 TO 31ST JANUARY 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 6 |
| WET TECH LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 1ST DECEMBER 2018 TO 31ST JANUARY 2020 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 20 Eversley Road |
| Bexhill-on-Sea |
| East Sussex |
| TN40 1HE |
| WET TECH LIMITED (REGISTERED NUMBER: 04928020) |
| BALANCE SHEET |
| 31ST JANUARY 2020 |
| 2020 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| WET TECH LIMITED (REGISTERED NUMBER: 04928020) |
| BALANCE SHEET - continued |
| 31ST JANUARY 2020 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on signed on its behalf by: |
| WET TECH LIMITED (REGISTERED NUMBER: 04928020) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 1ST DECEMBER 2018 TO 31ST JANUARY 2020 |
| 1. | STATUTORY INFORMATION |
| Wet Tech Limited is a |
| The company's registered number and registered office address can be found on the Company |
| Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding |
| discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Fixtures, fittings and equipment | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| Taxation |
| Taxation for the period 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. |
| Current or deferred taxation assets and liabilities are not discounted. |
| 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not |
| reversed at the balance sheet date. |
| 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 |
| period end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| 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. |
| WET TECH LIMITED (REGISTERED NUMBER: 04928020) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1ST DECEMBER 2018 TO 31ST JANUARY 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the |
| company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures, |
| fittings |
| and | Motor |
| equipment | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1st December 2018 |
| Additions |
| At 31st January 2020 |
| DEPRECIATION |
| At 1st December 2018 |
| Charge for period |
| At 31st January 2020 |
| NET BOOK VALUE |
| At 31st January 2020 |
| At 30th November 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2018 |
| £ | £ |
| Trade debtors |
| Directors' current accounts | 822 | - |
| Tax |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2018 |
| £ | £ |
| Deposits held in advance |
| Trade creditors |
| Tax |
| VAT | 2,988 | 188 |
| Accrued expenses |
| WET TECH LIMITED (REGISTERED NUMBER: 04928020) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 1ST DECEMBER 2018 TO 31ST JANUARY 2020 |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2020 | 2018 |
| £ | £ |
| Within one year |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2018 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the period ended |
| 31st January 2020 and the year ended 30th November 2018: |
| 2020 | 2018 |
| £ | £ |
| Balance outstanding at start of period |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period |
| The director operates a current account with the company which result from monies introduced |
| and undrawn remuneration. The balance due from the director as at 31 January 2020 amounted |
| to £822. |
| No interest is charged on the directors current accounts that are owing to the company. |
| 10. | CESSATION OF TRADE |
| The company's accounting period has been extended from 30 November 2019 to 31 January |
| 2020. These accounts therefore cover a 14 month period, as a result the comparatives are not |
| entirely comparable. The period was extended to coincide with the cessation of trade at 31 |
| January 2020. |