E & R Watts Limited

E & R Watts Limited

E & R WATTS LIMITED - Company Information

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Company Registration No. 07329758 (England and Wales)
E & R Watts Limited Abbreviated unaudited accounts for the year ended 31 December 2015
E & R Watts Limited Abbreviated Balance Sheet as at 31 December 2015
2015 
2014 
Notes
£ 
£ 
Fixed assets
Tangible assets
2
199,776 
195,075 
Current assets
Debtors
355 
525 
Cash at bank and in hand
10,610 
10,195 
10,965 
10,720 
Creditors: amounts falling due within one year
(200,250)
(191,543)
Net current liabilities
(189,285)
(180,823)
Net assets
10,491 
14,252 
Capital and reserves
Called up share capital
3
100 
100 
Profit and loss account
10,391 
14,152 
Total shareholders' funds
10,491 
14,252 
For the year ending 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 26 April 2016
Mr R M Watts Director Company Registration No. 07329758
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E & R Watts Limited Notes to the Abbreviated Accounts for the year ended 31 December 2015
1
Accounting policies
Basis of preparation
The accounts 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 the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Nil
Plant & machinery
over 3 years
Motor vehicles
over 5 years
2
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost
At 1 January 2015
190,600 
9,333 
4,000 
203,933 
Additions
- 
10,041 
- 
10,041 
At 31 December 2015
190,600 
19,374 
4,000 
213,974 
Depreciation
At 1 January 2015
- 
8,058 
800 
8,858 
Charge for the year
- 
4,540 
800 
5,340 
At 31 December 2015
- 
12,598 
1,600 
14,198 
Net book value
At 31 December 2015
190,600 
6,776 
2,400 
199,776 
At 31 December 2014
190,600 
1,275 
3,200 
195,075 
3
Share capital
2015 
2014 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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