Deep Water Blue Limited - Accounts to registrar (filleted) - small 18.2

Deep Water Blue Limited - Accounts to registrar (filleted) - small 18.2

DEEP WATER BLUE LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v19.2.0.596 04387387 Board of Directors 1.1.18 31.12.18 31.12.18 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure043873872017-12-31043873872018-12-31043873872018-01-012018-12-31043873872016-12-31043873872017-01-012017-12-31043873872017-12-3104387387ns15:EnglandWales2018-01-012018-12-3104387387ns14:PoundSterling2018-01-012018-12-3104387387ns10:Director12018-01-012018-12-3104387387ns10:PrivateLimitedCompanyLtd2018-01-012018-12-3104387387ns10:SmallEntities2018-01-012018-12-3104387387ns10:AuditExempt-NoAccountantsReport2018-01-012018-12-3104387387ns10:SmallCompaniesRegimeForDirectorsReport2018-01-012018-12-3104387387ns10:SmallCompaniesRegimeForAccounts2018-01-012018-12-3104387387ns10:AbridgedAccounts2018-01-012018-12-3104387387ns10:Director22018-01-012018-12-3104387387ns10:CompanySecretary12018-01-012018-12-3104387387ns10:RegisteredOffice2018-01-012018-12-3104387387ns5:CurrentFinancialInstruments2018-12-3104387387ns5:CurrentFinancialInstruments2017-12-3104387387ns5:Non-currentFinancialInstruments2018-12-3104387387ns5:Non-currentFinancialInstruments2017-12-3104387387ns5:ShareCapital2018-12-3104387387ns5:ShareCapital2017-12-3104387387ns5:RetainedEarningsAccumulatedLosses2018-12-3104387387ns5:RetainedEarningsAccumulatedLosses2017-12-3104387387ns5:PlantMachinery2018-01-012018-12-31


REGISTERED NUMBER: 04387387 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

DEEP WATER BLUE LIMITED
DEEP WATER BLUE LIMITED (REGISTERED NUMBER: 04387387)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DEEP WATER BLUE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2018







DIRECTORS: N J Shorey
M P Casey





SECRETARY: N J Shorey





REGISTERED OFFICE: 5 Beaumont Gate
Shenley Hill
Radlett
Hertfordshire
WD7 7AR





REGISTERED NUMBER: 04387387 (England and Wales)





ACCOUNTANTS: Nagler Simmons
Chartered Accountants
5 Beaumont Gate
Shenley Hill
Radlett
Hertfordshire
WD7 7AR
Page 1
DEEP WATER BLUE LIMITED (REGISTERED NUMBER: 04387387)

ABRIDGED BALANCE SHEET
31 DECEMBER 2018

31.12.18 31.12.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,860 8,878

CURRENT ASSETS
Debtors 320,368 342,589
Cash at bank 243,137 188,314
563,505 530,903
CREDITORS
Amounts falling due within one year 254,585 258,574
NET CURRENT ASSETS 308,920 272,329
TOTAL ASSETS LESS CURRENT
LIABILITIES
365,780
281,207

CREDITORS
Amounts falling due after more than
one year
(39,725
)
(3,271
)

PROVISIONS FOR LIABILITIES (5,928 ) (1,709 )
NET ASSETS 320,127 276,227

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 320,027 276,127
SHAREHOLDERS' FUNDS 320,127 276,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
DEEP WATER BLUE LIMITED (REGISTERED NUMBER: 04387387)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2018


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 September 2019 and were signed
on its behalf by:





N J Shorey - Director


The notes form part of these financial statements

Page 3
DEEP WATER BLUE LIMITED (REGISTERED NUMBER: 04387387)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018

1. STATUTORY INFORMATION

Deep Water Blue Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost, 20% on cost and 1/3 on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive income
or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed
at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that
are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other future
taxable profits.

Page 4 continued...
DEEP WATER BLUE LIMITED (REGISTERED NUMBER: 04387387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2017 - 7 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2018 84,534
Additions 70,897
At 31 December 2018 155,431
DEPRECIATION
At 1 January 2018 75,656
Charge for year 22,915
At 31 December 2018 98,571
NET BOOK VALUE
At 31 December 2018 56,860
At 31 December 2017 8,878

Page 5 continued...
DEEP WATER BLUE LIMITED (REGISTERED NUMBER: 04387387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2018 53,222
Additions 35,566
At 31 December 2018 88,788
DEPRECIATION
At 1 January 2018 53,222
Charge for year 8,891
At 31 December 2018 62,113
NET BOOK VALUE
At 31 December 2018 26,675
At 31 December 2017 -

Page 6