Waterside Practice Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09262434 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

for

Waterside Practice Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J S Robinson

Mrs B J Robinson

REGISTERED OFFICE:

St George's House

14 George Street

Huntingdon

Cambridgeshire

PE29 3GH

REGISTERED NUMBER:

09262434 (England and Wales)

ACCOUNTANTS:

George Hay Partnership LLP

Chartered Accountants

St George's House

George Street

Huntingdon

Cambridgeshire

PE29 3GH

FIXED ASSETS

Tangible assets

2

24,460

29,105

CURRENT ASSETS

Debtors

1,865

1,000

Cash at bank

19,667

56,548

21,532

57,548

CREDITORS

Amounts falling due within one year

22,919

36,076

NET CURRENT (LIABILITIES)/ASSETS

(1,387

)

21,472

TOTAL ASSETS LESS CURRENT LIABILITIES

23,073

50,577

CREDITORS

Amounts falling due after more than one year

-

(30,000

)

PROVISIONS FOR LIABILITIES

(826

)

(819

)

NET ASSETS

22,247

19,758

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

22,245

19,756

SHAREHOLDERS' FUNDS

22,247

19,758

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 18 January 2017 and were signed on its behalf by:

Mrs B J Robinson - 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 services, 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.

Plant and machinery etc

-

33% on reducing balance and 15% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

30,508

DEPRECIATION

At 1 November 2015

1,403

Charge for year

4,645

At 31 October 2016

6,048

NET BOOK VALUE

At 31 October 2016

24,460

At 31 October 2015

29,105

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

4.	CONTROLLING INTEREST

The directors Mr & Mrs Robinson have, by virtue of their shareholding, a controlling interest in the

company.