ACCOUNTS - Accounts

FIRSTWATER DEVELOPMENTS LIMITED - Company Information

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Registered number: 04971132

FIRSTWATER DEVELOPMENTS LIMITED

UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FIRSTWATER DEVELOPMENTS LIMITED

REGISTERED NUMBER: 04971132

ABBREVIATED BALANCE SHEET

AS AT 31 MARCH 2016

2016

2015

	Note	£	£	£	£
FIXED ASSETS
Tangible assets	2		-		145

CURRENT ASSETS
Debtors	-		76,976
Cash at bank	26,009		24,976

	26,009		101,952
CREDITORS: amounts falling due within one year	(412)		(300)
NET CURRENT ASSETS		25,597		101,652

TOTAL ASSETS LESS CURRENT LIABILITIES

25,597

101,797

PROVISIONS FOR LIABILITIES
Deferred tax	(29)	(29)
NET ASSETS	25,568	101,768

CAPITAL AND RESERVES
Called up share capital	3	100	100
Capital redemption reserve		20	20
Profit and loss account		25,448	101,648

SHAREHOLDERS' FUNDS

25,568

101,768

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FIRSTWATER DEVELOPMENTS LIMITED

ABBREVIATED BALANCE SHEET (continued)

AS AT 31 MARCH 2016

The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 March 2016 and of its profit or loss for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 28 November 2016.

G A Wells

Director

The notes on pages 3 to 4 form part of these financial statements.

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FIRSTWATER DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

1.ACCOUNTING POLICIES

	1.1	Basis of preparation of financial statements
		The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	1.2	Tangible fixed assets and depreciation
		Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office equipment

25% reducing balance

	1.3	Deferred taxation
		Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.
		A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse. Deferred tax assets and liabilities are not discounted.

2.TANGIBLE FIXED ASSETS

		£
	Cost
	At 1 April 2015	610
	Disposals	(610)
	At 31 March 2016	-

	Depreciation
	At 1 April 2015	465
	On disposals	(465)
	At 31 March 2016	-

	Net book value
	At 31 March 2016	-
	At 31 March 2015	145

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FIRSTWATER DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

3.SHARE CAPITAL

	2016	2015
	£	£
Allotted, called up and fully paid

100 ordinary shares of £1 each	100	100

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