Bluewater Enterprise Limited - Period Ending 2016-07-31

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BLUEWATER ENTERPRISE LIMITED - Company Information

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Registration number: 9670952

Bluewater Enterprise Limited

Unaudited Abbreviated Accounts

for the Period from 6 July 2015 to 31 July 2016

Power Accountax Limited
Chartered Accountants
8c High Street
Southampton
Hampshire
SO14 2DH

Bluewater Enterprise Limited
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

2 to 3

Bluewater Enterprise Limited
(Registration number: 9670952)
Abbreviated Balance Sheet at 31 July 2016

	Note	31 July 2016 £
Fixed assets
Tangible fixed assets		310
Current assets
Cash at bank and in hand		46,115
Creditors: Amounts falling due within one year		(22,210)
Net current assets		23,905
Net assets		24,215
Capital and reserves
Called up share capital	3	1
Profit and loss account		24,214
Shareholders' funds		24,215

For the year ending 31 July 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 20 March 2017

.........................................
Mr Timothy Davies
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Bluewater Enterprise Limited
Notes to the Abbreviated Accounts for the Period from 6 July 2015 to 31 July 2016
......... continued

1	Accounting policies

Basis of preparation

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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Furniture and Fitting	25% on WDV method

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

	Tangible assets £	Total £
Cost
Additions	414	414
At 31 July 2016	414	414
Depreciation
Charge for the period	104	104
At 31 July 2016	104	104
Net book value
At 31 July 2016	310	310

Page 2

Bluewater Enterprise Limited
Notes to the Abbreviated Accounts for the Period from 6 July 2015 to 31 July 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

Page 3