Micro-entity Accounts - WATAN FOODS LIMITED

WATAN FOODS LIMITED - Company Information

SC429405 WATAN FOODS LIMITED 2017-08-31 false 2016-09-01 2017-08-31 true SC429405 2016-09-01 2017-08-31 SC429405 2017-08-31 SC429405 2016-08-31 SC429405 uk-gaap-cd-bus:Director1 2016-09-01 2017-08-31 SC429405 uk-gaap-cd-bus:Director2 2016-09-01 2017-08-31 SC429405 uk-gaap-cd-bus:AllEntityOfficers 2016-09-01 2017-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-09-01 2017-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2017-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 iso4217:GBP shares

Registered Number SC429405

WATAN FOODS LIMITED

Micro-entity Accounts

31 August 2017

WATAN FOODS LIMITED Registered Number SC429405

Micro-entity Balance Sheet as at 31 August 2017

	Notes	2017	2016
		£	£
Fixed assets
Intangible assets	1	31,000	31,000
Tangible assets	2	71,779	72,545
		102,779	103,545
Current assets
Stocks		76,540	52,620
Debtors		722	840
Cash at bank and in hand		10,907	17,357
		88,169	70,817
Creditors: amounts falling due within one year		(51,089)	(47,877)
Net current assets (liabilities)		37,080	22,940
Total assets less current liabilities		139,859	126,485
Creditors: amounts falling due after more than one year		(125,914)	(116,674)
Total net assets (liabilities)		13,945	9,811
Capital and reserves
Called up share capital	3	250	2
Profit and loss account		13,695	9,809
Shareholders' funds		13,945	9,811

For the year ending 31 August 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 26 May 2018

And signed on their behalf by:
MR MAJEED ABDUL, Director

WATAN FOODS LIMITED Registered Number SC429405

Notes to the Micro-entity Accounts for the period ended 31 August 2017

1Intangible fixed assets

	£
Cost
At 1 September 2016	31,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2017	31,000
Amortisation
At 1 September 2016	-
Charge for the year	-
On disposals	-
At 31 August 2017	-
Net book values
At 31 August 2017	31,000
At 31 August 2016	31,000

2Tangible fixed assets

	£
Cost
At 1 September 2016	74,863
Additions	-
Disposals	(1,000)
Revaluations	-
Transfers	-
At 31 August 2017	73,863
Depreciation
At 1 September 2016	2,318
Charge for the year	254
On disposals	(488)
At 31 August 2017	2,084
Net book values
At 31 August 2017	71,779
At 31 August 2016	72,545

3Called Up Share Capital
Allotted, called up and fully paid:

	2017 £	2016 £
250 Ordinary shares of £1 each (2 shares for 2016)	250	2

4Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises invoiced sales net of returns, trade discounts and VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life on a reducing balance method as follows:
Fixture and fittings 20%

Intangible assets amortisation policy
NONE

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after allowing for slow-moving and obsolete items.

Other accounting policies
Corporation tax payable is provided for on taxable profits at the current rate.