Watercrafts Plumbing Limited

Watercrafts Plumbing Limited

WATERCRAFTS PLUMBING LIMITED - Company Information

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29 February 2020 false No description of principal activity Taxfiler 2021.3 11835930business:PrivateLimitedCompanyLtd2020-02-292021-02-28 118359302020-02-28 118359302020-02-292021-02-28 11835930business:AuditExemptWithAccountantsReport2020-02-292021-02-28 11835930business:FullAccounts2020-02-292021-02-28 118359302021-02-28 11835930business:Director12020-02-292021-02-28 11835930business:RegisteredOffice2020-02-292021-02-28 118359302020-02-28 11835930core:WithinOneYear2021-02-28 11835930core:WithinOneYear2020-02-28 11835930core:AfterOneYear2021-02-28 11835930core:AfterOneYear2020-02-28 11835930core:ShareCapital2021-02-28 11835930core:ShareCapital2020-02-28 11835930core:CapitalContributionReserve2021-02-28 11835930core:CapitalContributionReserve2020-02-28 11835930core:RetainedEarningsAccumulatedLosses2021-02-28 11835930core:RetainedEarningsAccumulatedLosses2020-02-28 11835930business:SmallEntities2020-02-292021-02-28 11835930countries:EnglandWales2020-02-292021-02-28 11835930core:PlantMachinery2020-02-292021-02-28 11835930core:MotorVehicles2020-02-292021-02-28 11835930core:PlantMachinery2020-02-28 11835930core:MotorVehicles2020-02-28 11835930core:PlantMachinery2021-02-28 11835930core:MotorVehicles2021-02-28 11835930core:AdditionsToInvestments2021-02-28 11835930core:RevaluationsIncreaseDecreaseInInvestments2021-02-28 118359302019-02-192020-02-28 iso4217:GBP xbrli:pure
Company Registration No. 11835930 (England and Wales)
Watercrafts Plumbing Limited Unaudited accounts for the period from 29 February 2020 to 28 February 2021
Watercrafts Plumbing Limited Unaudited accounts Contents
Page
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Watercrafts Plumbing Limited Company Information for the period from 29 February 2020 to 28 February 2021
Director
Meluleki Thabo Siwela
Company Number
11835930 (England and Wales)
Registered Office
INTERNATIONAL HOUSE 64 NILE STREET LONDON N1 7SR ENGLAND
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Watercrafts Plumbing Limited Statement of financial position as at 28 February 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
8,608 
2,400 
Investments
5
6,871 
7,850 
15,479 
10,250 
Current assets
Debtors
6
8,781 
8,065 
Cash at bank and in hand
14,312 
10,507 
23,093 
18,572 
Creditors: amounts falling due within one year
7
(10,249)
(13,432)
Net current assets
12,844 
5,140 
Total assets less current liabilities
28,323 
15,390 
Creditors: amounts falling due after more than one year
8
(10,000)
- 
Net assets
18,323 
15,390 
Capital and reserves
Called up share capital
100 
100 
Capital contribution reserve
65 
2,146 
Profit and loss account
18,158 
13,144 
Shareholders' funds
18,323 
15,390 
For the period ending 28 February 2021 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 April 2021 and were signed on its behalf by
Meluleki Thabo Siwela Director Company Registration No. 11835930
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Watercrafts Plumbing Limited Notes to the Accounts for the period from 29 February 2020 to 28 February 2021
1
Statutory information
Watercrafts Plumbing Limited is a private company, limited by shares, registered in England and Wales, registration number 11835930. The registered office is INTERNATIONAL HOUSE, 64 NILE STREET, LONDON, N1 7SR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line basis
Motor vehicles
25 % reducing balance basis
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 29 February 2020
3,000 
- 
3,000 
Additions
- 
8,600 
8,600 
At 28 February 2021
3,000 
8,600 
11,600 
Depreciation
At 29 February 2020
600 
- 
600 
Charge for the period
600 
1,792 
2,392 
At 28 February 2021
1,200 
1,792 
2,992 
Net book value
At 28 February 2021
1,800 
6,808 
8,608 
At 28 February 2020
2,400 
- 
2,400 
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Watercrafts Plumbing Limited Notes to the Accounts for the period from 29 February 2020 to 28 February 2021
5
Investments
Other investments 
£ 
Valuation at 29 February 2020
7,850 
Additions
1,995 
Fair value adjustments
(2,974)
Valuation at 28 February 2021
6,871 
Unlisted investments are measured at the fair value. Unlisted investment were valued on 28/02/2021.
6
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
- 
210 
Other debtors
8,781 
7,855 
8,781 
8,065 
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Taxes and social security
97 
3,247 
Other creditors
- 
922 
Loans from directors
10,152 
9,263 
10,249 
13,432 
8
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
10,000 
- 
9
Average number of employees
During the period the average number of employees was 1 (2020: 1).
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