Watermark Design Limited - Limited company - abbreviated - 11.9
Watermark Design Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 30 JUNE 2015 |
| FOR |
| WATERMARK DESIGN LIMITED |
| WATERMARK DESIGN LIMITED (REGISTERED NUMBER: 02242489) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the year ended 30 June 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| WATERMARK DESIGN LIMITED |
| COMPANY INFORMATION |
| for the year ended 30 June 2015 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| and Registered Auditors |
| WATERMARK DESIGN LIMITED (REGISTERED NUMBER: 02242489) |
| ABBREVIATED BALANCE SHEET |
| 30 June 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| WATERMARK DESIGN LIMITED (REGISTERED NUMBER: 02242489) |
| ABBREVIATED BALANCE SHEET - continued |
| 30 June 2015 |
| The financial statements were approved by the director on by: |
| WATERMARK DESIGN LIMITED (REGISTERED NUMBER: 02242489) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the year ended 30 June 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to |
| the company's pension scheme are charged to the profit and loss account in the period to |
| which they relate. |
| Work in progress is valued at its expected recoverable amount. Work billed is recognised |
| as income when there is a right to consideration using the percentage of completion |
| method, when the outcome can be estimated reliably. The stage of completion is |
| determined for each client by reference to the relationship between the time incurred for |
| work performed to date and the estimated total time. |
| If the outcome cannot be estimated reliably, costs are recognised as expenses in the |
| same period when they arise and revenues only to the extent of costs incurred where it is |
| appropriate that those costs will be recoverable. |
| WATERMARK DESIGN LIMITED (REGISTERED NUMBER: 02242489) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 30 June 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2014 |
| Additions |
| At 30 June 2015 |
| DEPRECIATION |
| At 1 July 2014 |
| Charge for year |
| At 30 June 2015 |
| NET BOOK VALUE |
| At 30 June 2015 |
| At 30 June 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | 1 |