The Pure H2O Company Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 02461213 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

THE PURE H2O COMPANY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R Wiltshire

REGISTERED OFFICE:

Unit C3

Fairoaks Airport

Chobham

Surrey

GU24 8HU

REGISTERED NUMBER:

02461213 (England and Wales)

ACCOUNTANTS:

L E Marshall & Co

Chartered Accountants

Unit C3

Fairoaks Airport

Chobham

Surrey

GU24 8HU

FIXED ASSETS

Intangible assets

2

3,521

19,441

Tangible assets

3

312,460

279,843

315,981

299,284

CURRENT ASSETS

Stocks

169,137

115,194

Debtors

154,856

60,638

Cash at bank

21,341

73,086

345,334

248,918

CREDITORS

Amounts falling due within one year

4

312,975

227,333

NET CURRENT ASSETS

32,359

21,585

TOTAL ASSETS LESS CURRENT
LIABILITIES

348,340

320,869

CREDITORS

Amounts falling due after more than one
year

4

(153,918

)

(110,100

)

PROVISIONS FOR LIABILITIES

(18,350

)

(9,640

)

NET ASSETS

176,072

201,129

CAPITAL AND RESERVES

Called up share capital

5

19,000

Profit and loss account

157,072

182,129

SHAREHOLDERS' FUNDS

176,072

201,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 31 May 2017 and were signed by:

R Wiltshire - 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 invoiced sales, net of value added tax. Sales are recognised when an installation or service

is completed or in the period to which rental equipment is made available.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Research and development

Development costs incurred on Quatreau Tap are capitalised as the director is reasonably certain that the

expected revenue streams arising from the project exceed costs. Development costs in respect of this project are

being amortised at the rate of 20% on cost to write each asset off over its expected useful life. The amortisation

policy commenced in line with revenue streams beginning in November 2010. The recoverability of the Quatreau

Tap development costs is reviewed annually. All other development costs are written off to the profit and loss

account in the year of expenditure.

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.

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 October 2015

170,771

Disposals

(91,173

)

At 30 September 2016

79,598

AMORTISATION

At 1 October 2015

151,330

Amortisation for year

15,920

Eliminated on disposal

(91,173

)

At 30 September 2016

76,077

NET BOOK VALUE

At 30 September 2016

3,521

At 30 September 2015

19,441

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

771,879

Additions

89,322

Disposals

(331,082

)

At 30 September 2016

530,119

DEPRECIATION

At 1 October 2015

492,036

Charge for year

40,772

Eliminated on disposal

(315,149

)

At 30 September 2016

217,659

NET BOOK VALUE

At 30 September 2016

312,460

At 30 September 2015

279,843

4.

CREDITORS

Creditors include an amount of £ 105,240 (30.9.15 - £ 113,826 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

10,000

A Ordinary

£1

10,000

9,000

B Ordinary

£1

9,000

19,000

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2016 and

30 September 2015:

30.9.16

30.9.15

£

R Wiltshire

Balance outstanding at start of year

-

1,385

Amounts advanced

15,804

-

Amounts repaid

-

(1,385

)

Balance outstanding at end of year

15,804

-