Freshwater Associates Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07678828 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2014

for

Freshwater Associates Limited

T/A

Freshwaters

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P G Freshwater

S Freshwater

P Freshwater

SECRETARY:

REGISTERED OFFICE:

99 Westmead Road

Sutton

Surrey

SM1 4HX

REGISTERED NUMBER:

07678828 (England and Wales)

ACCOUNTANTS:

Freshwater Associates Limited

99 Westmead Road

Sutton

Surrey

SM1 4HX

FIXED ASSETS

Intangible assets

2

41,126

51,407

Tangible assets

3

100,431

81,786

141,557

133,193

CURRENT ASSETS

Debtors

183,998

166,554

Cash at bank

58,382

46,374

242,380

212,928

CREDITORS

Amounts falling due within one year

113,536

143,836

NET CURRENT ASSETS

128,844

69,092

TOTAL ASSETS LESS CURRENT LIABILITIES

270,401

202,285

CREDITORS

Amounts falling due after more than one year

(175,468

)

(165,080

)

PROVISIONS FOR LIABILITIES

(10,915

)

(11,604

)

NET ASSETS

84,018

25,601

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

83,918

25,501

SHAREHOLDERS' FUNDS

84,018

25,601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 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 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 Board of Directors on 15 June 2015 and were signed on its behalf by:

P G Freshwater - Director

P Freshwater - Director

S Freshwater - Director

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 April 2008).

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to

consideration and is recorded at the value of the consideration due.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of seven years.

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.

Improvements to property

-

Over the Lease Term

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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

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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

71,969

AMORTISATION

At 1 October 2013

20,562

Amortisation for year

10,281

At 30 September 2014

30,843

NET BOOK VALUE

At 30 September 2014

41,126

At 30 September 2013

51,407

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

109,626

Additions

35,701

At 30 September 2014

145,327

DEPRECIATION

At 1 October 2013

27,840

Charge for year

17,056

At 30 September 2014

44,896

NET BOOK VALUE

At 30 September 2014

100,431

At 30 September 2013

81,786

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

100

100