Waterboy Limited - Abbreviated accounts 16.3

Waterboy Limited - Abbreviated accounts 16.3


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REGISTERED NUMBER: 04980109(England and Wales)












Abbreviated Unaudited Accounts

for the Year Ended 31st May 2016

for

Waterboy Limited

Waterboy Limited (Registered number: 04980109)






Contents of the Abbreviated Accounts
for the Year Ended 31st May 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Waterboy Limited

Company Information
for the Year Ended 31st May 2016







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

Waterboy Limited (Registered number: 04980109)

Abbreviated Balance Sheet
31st May 2016

2016 2015
Notes £    £   
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 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.

Waterboy Limited (Registered number: 04980109)

Abbreviated Balance Sheet - continued
31st May 2016


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 2017and were signed by:





D M Entwistle- Director


Waterboy Limited (Registered number: 04980109)

Notes to the Abbreviated Accounts
for the Year Ended 31st May 2016

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

Waterboy Limited (Registered number: 04980109)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31st May 2016

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 1,000