Wet Engineering Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08862123 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 27TH JANUARY 2014 TO 31ST MARCH 2015

FOR

WET ENGINEERING LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M D Adams

REGISTERED OFFICE:

47 Castle Street

Reading

England

RG1 7SR

REGISTERED NUMBER:

08862123 (England and Wales)

ACCOUNTANTS:

Hayward Wright Ltd

4 Clews Road

Redditch

Worcestershire

B98 7ST

FIXED ASSETS

Tangible assets

2

8,675

CURRENT ASSETS

Stocks

84,707

Debtors

109,937

Cash at bank

1,065

195,709

CREDITORS

Amounts falling due within one year

118,001

NET CURRENT ASSETS

77,708

TOTAL ASSETS LESS CURRENT LIABILITIES

86,383

CREDITORS

Amounts falling due after more than one year

289,604

NET LIABILITIES

(203,221

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(203,222

)

SHAREHOLDERS' FUNDS

(203,221

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27th October 2015 and were signed by:

M D Adams - 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).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

9,720

At 31st March 2015

9,720

DEPRECIATION

Charge for period

1,045

At 31st March 2015

1,045

NET BOOK VALUE

At 31st March 2015

8,675

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

1.00

1

4.	ULTIMATE PARENT COMPANY

Wet Holdings (Global) Ltd is regarded by the director as being the company's ultimate parent company.