Nuwater Limited - Abbreviated accounts 16.1
Nuwater Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Nuwater Limited |
| Abbreviated Unaudited Accounts for the Year Ended 31 July 2015 |
| Nuwater Limited (Registered number: 02788251) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 July 2015 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Abbreviated Balance Sheet | 3 |
| Notes to the Abbreviated Accounts | 4 |
| Nuwater Limited |
| Company Information |
| for the Year Ended 31 July 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Nuwater Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five) |
| 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 Nuwater Limited for the year ended 31 July 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 Board of Directors of Nuwater Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Nuwater Limited and state those matters that we have agreed to state to the Board of Directors of Nuwater Limited, as a body, 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 Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Nuwater 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 profit of Nuwater Limited. You consider that Nuwater 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 Nuwater 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. |
| 29 April 2016 |
| Nuwater Limited (Registered number: 02788251) |
| Abbreviated Balance Sheet |
| 31 July 2015 |
| 2015 | 2014 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 3 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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 financial statements were approved by the Board of Directors on |
| Nuwater Limited (Registered number: 02788251) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 July 2015 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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). |
| Going concern |
| The director believes that the trade in the current year is sustainable into the foreseeable future and agrees that |
| the initial funding provided by him will not be withdrawn in the near future. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of |
| Value Added Tax. |
| Turnover is recognised when goods and services are physically delivered to the customer. |
| Delivered goods/ services not invoiced at the year end are included in accrued income. Invoiced goods and |
| services are included in debtors. Where customers pay in advance for goods and services, the amount is |
| recorded as deferred income until the goods and services have been delivered. |
| Tangible fixed assets |
| All fixed assets are initially recorded at the lower of cost and net realisable value, less accumulated depreciation |
| and less amounts recognised in respect of impairment. |
| Financial instruments |
| Financial liabilities and equity instruments are classified according to the substance of the contractual |
| arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets |
| of the entity after deducting all of its financial liabilities. |
| Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar |
| debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented |
| as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the |
| profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the |
| outstanding liability. |
| Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability |
| then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are |
| debited direct to equity. |
| Compound instruments |
| Compound instruments comprise both a liability and an equity component. At date of issue, the fair value of the |
| liability component is estimated using the prevailing market interest rate for a similar debt instrument. The liability |
| component is accounted for as a financial liability. |
| The residual is the difference between the net proceeds of issue and the liability component (at time of issue). |
| The residual is the equity component, which is accounted for as an equity instrument. |
| The interest expense on the liability component is calculated applying the effective interest rate for the liability |
| component of the instrument. The difference between this amount and any repayments is added to the carrying |
| amount of the liability in the balance sheet. |
| Nuwater Limited (Registered number: 02788251) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 July 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 August 2014 |
| and 31 July 2015 |
| DEPRECIATION |
| At 1 August 2014 |
| and 31 July 2015 |
| NET BOOK VALUE |
| At 31 July 2015 |
| At 31 July 2014 |
| 3. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary shares of £1 each | 70 |
| Ordinary A shares of £1 each | 25 |
| 95 | 95 |