Watercoolers Direct.com Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05072220

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

WATERCOOLERS DIRECT.COM LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

7

DIRECTORS:

F K Cairns Palmer

P N Glanville

REGISTERED OFFICE:

Clearview House

Unit 24, Bamel Way

Gloucester Business Park, Brockworth

Gloucester

Gloucestershire

GL3 4BH

REGISTERED NUMBER:

05072220

ACCOUNTANTS:

Andorran Limited

6 Manor Park Business Centre

Mackenzie Way

Cheltenham

Gloucestershire

GL51 9TX

FIXED ASSETS

Tangible assets

2

115,251

120,523

Investments

3

1

115,252

120,524

CURRENT ASSETS

Stocks

371,099

277,059

Debtors

4

1,000,672

1,003,401

Cash at bank and in hand

358,147

260,920

1,729,918

1,541,380

CREDITORS

Amounts falling due within one year

(1,262,721

)

(1,193,019

)

NET CURRENT ASSETS

467,197

348,361

TOTAL ASSETS LESS CURRENT
LIABILITIES

582,449

468,885

PROVISIONS FOR LIABILITIES

(21,133

)

(17,293

)

NET ASSETS

561,316

451,592

CAPITAL AND RESERVES

Called up share capital

5

2,500

Share premium

4,500

Profit and loss account

554,316

444,592

SHAREHOLDERS' FUNDS

561,316

451,592

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors on 15 December 2016 and were signed on
its behalf by:

F K Cairns Palmer - 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).

Preparation of consolidated financial statements

The financial statements contain information about Watercoolers Direct.com Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The company

has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated

financial statements.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

5% on cost

Plant and machinery

-

33% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

250,338

Additions

55,186

Disposals

(36,596

)

At 31 March 2016

268,928

DEPRECIATION

At 1 April 2015

129,815

Charge for year

35,184

Eliminated on disposal

(11,322

)

At 31 March 2016

153,677

NET BOOK VALUE

At 31 March 2016

115,251

At 31 March 2015

120,523

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

1

NET BOOK VALUE

At 31 March 2016

1

At 31 March 2015

1

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Watercoolers Direct Limited

Nature of business: Dormant company

%

Class of shares:

holding

Ordinary

100.00

31.3.16

31.3.15

£

Aggregate capital and reserves

10

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 145,134 (31.3.15 - £ 106,042 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2,500

Ordinary

£1

2,500

6.	ULTIMATE HOLDING COMPANY

Throughout the year the parent undertaking was Water Coolers Direct.com Holdings Limited, a

company registered in England and Wales.

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 two to six) 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 Watercoolers Direct.com Limited for the year ended 31 March 2016 on pages to

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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Watercoolers Direct.com 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 Watercoolers Direct.com Limited and state those matters that we have agreed to state to the Board of Directors of Watercoolers Direct.com Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Watercoolers Direct.com Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Watercoolers Direct.com 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 Watercoolers Direct.com Limited. You consider that Watercoolers Direct.com 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 Watercoolers Direct.com 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.

Andorran Limited

6 Manor Park Business Centre

Mackenzie Way

Cheltenham

Gloucestershire

GL51 9TX

15 December 2016