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Registration number: 03711086

Waterfront Manufacturing Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

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 2016

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 2016 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

4 May 2016

 

Waterfront Manufacturing Ltd
(Registration number: 03711086)
Abbreviated Balance Sheet at 31 March 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

23,842

   

28,886

 

Investments

 

   

38,544

   

39,455

 
   

   

62,386

   

68,341

 

Current assets

 

             

Stocks

 

   

7,000

   

7,000

 

Debtors

 

   

7,196

   

(7,610)

 

Cash at bank and in hand

 

   

37,050

   

63,841

 
   

   

51,246

   

63,231

 

Creditors: Amounts falling due within one year

 

   

(17,560)

   

(42,174)

 

Net current assets

 

   

33,686

   

21,057

 

Total assets less current liabilities

 

   

96,072

   

89,398

 

Provisions for liabilities

 

   

(2,288)

   

(7,297)

 

Net assets

 

   

93,784

   

82,101

 

Capital and reserves

 

             

Called up share capital

 

3

   

1

   

1

 

Profit and loss account

 

   

93,783

   

82,100

 

Shareholders' funds

 

   

93,784

   

82,101

 

For the year ending 31 March 2016 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 4 May 2016

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 2016
......... 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 2016
......... 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 January 2015).

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 2016
......... continued

2

Fixed assets

   

Tangible assets
£

   

Investments
£

   

Total
£

 

Cost

                 

At 1 April 2015

 

105,320

   

39,455

   

144,775

 

Revaluations

 

-

   

(911)

   

(911)

 

Additions

 

4,496

   

-

   

4,496

 

Disposals

 

(1,400)

   

-

   

(1,400)

 

At 31 March 2016

 

108,416

   

38,544

   

146,960

 

Depreciation

                 

At 1 April 2015

 

76,434

   

-

   

76,434

 

Charge for the year

 

8,140

   

-

   

8,140

 

At 31 March 2016

 

84,574

   

-

   

84,574

 

Net book value

                 

At 31 March 2016

 

23,842

   

38,544

   

62,386

 

At 31 March 2015

 

28,886

   

39,455

   

68,341

 

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary of £1 each

 

1

   

1

   

1

   

1