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Registration number: 03711086

Waterfront Manufacturing Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

AIMS, Simon Cox
134
Norwich Road
Stoke Holy Cross
Norwich
NR14 8QJ

 

Waterfront Manufacturing Ltd
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2 to 3

Notes to the Abbreviated Accounts

4 to 5

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5 ) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Waterfront Manufacturing Ltd
for the Year Ended 31 March 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Waterfront Manufacturing Ltd for the year ended 31 March 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .

This report is made solely to the Board of Directors of Waterfront Manufacturing Ltd, as a body, in accordance with the terms of our engagement letterdated 16 February 2006. Our work has been undertaken solely to prepare for your approval the accounts of Waterfront Manufacturing Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Waterfront Manufacturing Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Waterfront Manufacturing Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Waterfront Manufacturing Ltd. You consider that Waterfront Manufacturing Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Waterfront Manufacturing Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

AIMS, Simon Cox
134
Norwich Road
Stoke Holy Cross
Norwich
NR14 8QJ

8 July 2015

 

Waterfront Manufacturing Ltd
(Registration number: 03711086)
Abbreviated Balance Sheet at 31 March 2015

   

Note

   

2015
£

   

2014
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

28,886

   

26,482

 

Investments

 

   

39,455

   

36,323

 
   

   

68,341

   

62,805

 

Current assets

 

             

Stocks

 

   

7,000

   

7,000

 

Debtors

 

   

(7,610)

   

(4,295)

 

Cash at bank and in hand

 

   

63,841

   

47,921

 
   

   

63,231

   

50,626

 

Creditors: Amounts falling due within one year

 

   

(42,174)

   

(33,904)

 

Net current assets

 

   

21,057

   

16,722

 

Total assets less current liabilities

 

   

89,398

   

79,527

 

Provisions for liabilities

 

   

(7,297)

   

(6,190)

 

Net assets

 

   

82,101

   

73,337

 

Capital and reserves

 

             

Called up share capital

 

3

   

1

   

1

 

Profit and loss account

 

   

82,100

   

73,336

 

Shareholders' funds

 

   

82,101

   

73,337

 

For the year ending 31 March 2015 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 8 July 2015

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

 

Waterfront Manufacturing Ltd
(Registration number: 03711086)
Abbreviated Balance Sheet at 31 March 2015
......... continued

.........................................
Alan Jenkinson
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

 

Waterfront Manufacturing Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance basis

Fixtures and fittings

25% reducing balance basis

Office equipment

25% reducing balance basis

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

Waterfront Manufacturing Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2

Fixed assets

   

Tangible assets
£

   

Investments
£

   

Total
£

 

Cost

                 

At 1 April 2014

 

101,058

   

36,323

   

137,381

 

Revaluations

 

-

   

3,132

   

3,132

 

Additions

 

24,262

   

-

   

24,262

 

Disposals

 

(20,000)

   

-

   

(20,000)

 

At 31 March 2015

 

105,320

   

39,455

   

144,775

 

Depreciation

                 

At 1 April 2014

 

74,576

   

-

   

74,576

 

Charge for the year

 

10,058

   

-

   

10,058

 

Eliminated on disposals

 

(8,200)

   

-

   

(8,200)

 

At 31 March 2015

 

76,434

   

-

   

76,434

 

Net book value

                 

At 31 March 2015

 

28,886

   

39,455

   

68,341

 

At 31 March 2014

 

26,482

   

36,323

   

62,805

 

3

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

1

   

1

   

1

   

1