Prowater Limited t/a Advanced Water Tech - Abbreviated accounts 16.3

REGISTERED NUMBER: 02608739 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

PROWATER LIMITED T/A ADVANCED WATER

TECHNOLOGIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P Barratt

REGISTERED OFFICE:

2 Webster Court

Carina Place

Gemini Business Park

Warrington

Cheshire

WA5 8WD

REGISTERED NUMBER:

02608739 (England and Wales)

ACCOUNTANTS:

McLintocks Limited

46 Hamilton Square

Birkenhead

Merseyside

CH41 5AR

FIXED ASSETS

Intangible assets

2

-

6,875

Tangible assets

3

363,486

365,800

363,486

372,675

CURRENT ASSETS

Stocks

16,000

11,500

Debtors

322,422

306,746

Cash at bank and in hand

82,631

10,149

421,053

328,395

CREDITORS

Amounts falling due within one year

4

260,197

184,766

NET CURRENT ASSETS

160,856

143,629

TOTAL ASSETS LESS CURRENT
LIABILITIES

524,342

516,304

CREDITORS

Amounts falling due after more than
one year

4

(233,699

)

(316,682

)

PROVISIONS FOR LIABILITIES

(6,915

)

(6,606

)

NET ASSETS

283,728

193,016

CAPITAL AND RESERVES

Called up share capital

5

3

Revaluation reserve

26,445

Profit and loss account

257,280

166,568

SHAREHOLDERS' FUNDS

283,728

193,016

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 13 March 2017 and were signed by:

P Barratt - 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 the value of goods supplied and services provided during the year,

exclusive of value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 15% on reducing balance

No depreciation has been provided on freehold property since the director is of the opinion

that any such amount would be immaterial due to the high residual value of the asset. The

director undertakes an impairment review at each year end to ensure that carrying values

are no more than their recoverable amount.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after

making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable

overheads.

Deferred tax

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

reversed at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the

balance sheet. Those held under hire purchase contracts are depreciated over their

estimated useful lives. Those held under finance leases are depreciated over their

estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the

relevant period. The capital element of the future payments is treated as a liability.

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

line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which

they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

27,500

AMORTISATION

At 1 August 2015

20,625

Amortisation for year

6,875

At 31 July 2016

27,500

NET BOOK VALUE

At 31 July 2016

-

At 31 July 2015

6,875

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

532,151

Additions

13,832

Disposals

(6,400

)

At 31 July 2016

539,583

DEPRECIATION

At 1 August 2015

166,351

Charge for year

12,579

Eliminated on disposal

(2,833

)

At 31 July 2016

176,097

NET BOOK VALUE

At 31 July 2016

363,486

At 31 July 2015

365,800

4.

CREDITORS

Creditors include an amount of £ 346,522 (2015 - £ 389,789 ) for which security has been

given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

1

Ordinary A

£1

1

3

6.	ULTIMATE PARENT COMPANY

Chisnall Environmental Services (T/ A Advanced Water Technologies) Ltd is regarded by the

director as being the company's ultimate parent company.