Aquachill Water Coolers Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07200181 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

AQUACHILL WATER COOLERS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

K W Mannering

REGISTERED OFFICE:

Unit 25B

Upper Bourne End Lane

Hemel Hempstead

Hertfordshire

HP1 2UJ

REGISTERED NUMBER:

07200181 (England and Wales)

ACCOUNTANTS:

Novitt Harris & Co Limited

Chartered Accountants

Ver House

London Road

Markyate

Hertfordshire

AL3 8JP

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to seven)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Aquachill Water Coolers Limited for the year ended 31 March 2015 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Aquachill Water Coolers Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aquachill Water Coolers Limited and state those matters that we have agreed to state to the director of Aquachill Water Coolers Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Aquachill Water Coolers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Aquachill Water Coolers Limited. You consider that Aquachill Water Coolers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aquachill Water Coolers

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Novitt Harris & Co Limited

Chartered Accountants

Ver House

London Road

Markyate

Hertfordshire

AL3 8JP

2 December 2015

FIXED ASSETS

Intangible assets

2

-

500

Tangible assets

3

5,621

11,601

5,621

12,101

CURRENT ASSETS

Stocks

2,860

2,200

Debtors

20,135

22,106

Cash at bank

1,855

1,002

24,850

25,308

CREDITORS

Amounts falling due within one year

49,242

47,375

NET CURRENT LIABILITIES

(24,392

)

(22,067

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(18,771

)

(9,966

)

CREDITORS

Amounts falling due after more than one year

4

(4,038

)

(7,428

)

PROVISIONS FOR LIABILITIES

(1,124

)

(2,320

)

NET LIABILITIES

(23,933

)

(19,714

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

(24,033

)

(19,814

)

SHAREHOLDERS' FUNDS

(23,933

)

(19,714

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 1 December 2015 and were signed by:

K W Mannering - 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five 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.

Fixtures and fittings

-

20% 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.

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 April 2014

and 31 March 2015

2,500

AMORTISATION

At 1 April 2014

2,000

Amortisation for year

500

At 31 March 2015

2,500

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

31,377

Additions

1,211

At 31 March 2015

32,588

DEPRECIATION

At 1 April 2014

19,776

Charge for year

7,191

At 31 March 2015

26,967

NET BOOK VALUE

At 31 March 2015

5,621

At 31 March 2014

11,601

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.3.15

31.3.14

£

£

Repayable by instalments

649

4,039

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

£1

100

100

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2015 and

31 March 2014:

31.3.15

31.3.14

£

£

R Mannering

Balance outstanding at start of year

2,323

(27,827

)

Amounts advanced

26,249

34,125

Amounts repaid

(31,402

)

(3,975

)

Balance outstanding at end of year

(2,830

)

2,323