Highwater Products Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07250344 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 May 2016

for

Highwater Products Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R.G. Warren

SECRETARY:

R.G. Warren

REGISTERED OFFICE:

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

REGISTERED NUMBER:

07250344 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

CURRENT ASSETS

Stocks

1,945

Debtors

4,811

13,652

Cash at bank and in hand

2,074

14,616

8,830

30,213

CREDITORS

Amounts falling due within one year

2,401

2,856

NET CURRENT ASSETS

6,429

27,357

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,429

27,357

CAPITAL AND RESERVES

Called up share capital

2

60,000

Profit and loss account

(53,571

)

(32,643

)

SHAREHOLDERS' FUNDS

6,429

27,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 16 June 2016 and were signed by:

R.G. Warren - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

60,000

Ordinary

£1

60,000

3.	ULTIMATE PARENT COMPANY

Marlowe Graphic Holdings Limited is regarded by the director as being the company's ultimate parent

company.

4.	ULTIMATE CONTROLLING PARTY

As of 28 May 2015 Marlowe Graphic Holdings Limited acquired 100% holding in Highwater Products

Ltd.

Mr D Eliot, director of Marlowe Graphic Holdings Limited, is deemed to be the ultimate controlling party

of the company. Prior to this no individual had overall control.