Max Watt Design Limited - Limited company - abbreviated - 11.9

Max Watt Design Limited - Limited company - abbreviated - 11.9

MAX WATT DESIGN LIMITED - Company Information

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REGISTERED NUMBER: 05697920 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2015

FOR

MAX WATT DESIGN LIMITED

MAX WATT DESIGN LIMITED (REGISTERED NUMBER: 05697920)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

MAX WATT DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2015







DIRECTOR: T D Remfry





REGISTERED OFFICE: Ingram House
Meridian Way
Norwich
Norfolk
NR7 0TA





REGISTERED NUMBER: 05697920 (England and Wales)





ACCOUNTANTS: LEES
Chartered Certified Accountants
Ingram House
Meridian Way
Norwich
Norfolk
NR7 0TA
Page 1
MAX WATT DESIGN LIMITED (REGISTERED NUMBER: 05697920)

ABBREVIATED BALANCE SHEET
31 JANUARY 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 26,942 30,771

CURRENT ASSETS
Stocks 31,000 24,154
Debtors 127,964 71,653
Cash at bank and in hand 77,998 35,682
236,962 131,489
CREDITORS
Amounts falling due within one year 60,448 39,631
NET CURRENT ASSETS 176,514 91,858
TOTAL ASSETS LESS CURRENT LIABILITIES 203,456 122,629

PROVISIONS FOR LIABILITIES 5,030 5,717
NET ASSETS 198,426 116,912

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 198,326 116,812
SHAREHOLDERS' FUNDS 198,426 116,912

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

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

The director acknowledges her 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 26 October 2015 and were signed by:





T D Remfry - Director


The notes form part of these abbreviated accounts

Page 2
MAX WATT DESIGN LIMITED (REGISTERED NUMBER: 05697920)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015

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 net invoiced sales of goods, excluding value added tax, except in respect of service contracts where
turnover is recognised when the company obtains the right to consideration.

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 etc - 25% on reducing balance

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
The charge for taxation is based on the results for the year and takes into account taxation deferred because of timing
differences between the treatment of certain items for taxation and accounting purposes. In accordance with Financial
Reporting Standard 19, provision is made for deferred tax in respect of all timing differences that have originated but not
reversed by the balance sheet date. Deferred tax assets are only recognised when it is more likely than not that the
deferred tax asset will be recovered. Deferred tax is measured using rates of tax that have been enacted or substantially
enacted by the balance sheet date. Deferred tax balances are not discounted.

Hire purchase and leasing commitments
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. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2014 52,516
Additions 4,706
At 31 January 2015 57,222
DEPRECIATION
At 1 February 2014 21,745
Charge for year 8,535
At 31 January 2015 30,280
NET BOOK VALUE
At 31 January 2015 26,942
At 31 January 2014 30,771

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
2 Ordinary £1 2 2
88 Ordinary A £1 88 88
10 Ordinary B £1 10 10
100 100

Page 3 continued...
MAX WATT DESIGN LIMITED (REGISTERED NUMBER: 05697920)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JANUARY 2015

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 1 February 2014 the director, T D Remfry, owed £3,516 to the company. During the year there were withdrawals of
£89,072 (2014 - £22,516) and funds advanced of £30,708 (2014 - £19,000). At 31 January 2015 the balance owed by the
director to the company was £61,880.

Interest of £802 (2014 - £49) was incurred on the above loan at HM Revenue & Customs agreed rates.

Page 4