Waterboy Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04980109 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st May 2016

for

Waterboy Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D M Entwistle

SECRETARY:

Mrs C C Entwistle

REGISTERED OFFICE:

Unit 10

Venture Court

Altham Industrial Estate

Accrington

Lancashire

BB5 5WH

REGISTERED NUMBER:

04980109 (England and Wales)

ACCOUNTANTS:

Egan Roberts Limited

Chartered Accountants

Suite 46

Manor Court

Salesbury Hall Road

Ribchester

Lancashire

PR3 3XR

BANKERS:

Barclays Bank plc

8-14 Darwen Street

Blackburn

Lancashire

BB2 2BZ

FIXED ASSETS

Intangible assets

2

-

25,379

Tangible assets

3

637,147

426,040

637,147

451,419

CURRENT ASSETS

Stocks

13,560

15,075

Debtors

144,803

129,535

Cash at bank

30

16

158,393

144,626

CREDITORS

Amounts falling due within one year

4

(115,052

)

(149,261

)

NET CURRENT ASSETS/(LIABILITIES)

43,341

(4,635

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

680,488

446,784

CREDITORS

Amounts falling due after more than one
year

(314,333

)

(127,663

)

PROVISIONS FOR LIABILITIES

(34,615

)

(33,334

)

NET ASSETS

331,540

285,787

CAPITAL AND RESERVES

Called up share capital

5

1,000

Profit and loss account

330,540

284,787

SHAREHOLDERS' FUNDS

331,540

285,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 28th February 2017 and were signed by:

D M Entwistle - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Watercoolers

-

15% on reducing balance

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.

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2015

and 31st May 2016

254,489

AMORTISATION

At 1st June 2015

229,110

Amortisation for year

25,379

At 31st May 2016

254,489

NET BOOK VALUE

At 31st May 2016

-

At 31st May 2015

25,379

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2015

824,343

Additions

255,094

At 31st May 2016

1,079,437

DEPRECIATION

At 1st June 2015

398,303

Charge for year

43,987

At 31st May 2016

442,290

NET BOOK VALUE

At 31st May 2016

637,147

At 31st May 2015

426,040

4.

CREDITORS

Creditors include an amount of £ 0 (2015 - £ 4,750 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

£1

1,000