WATER_&_POWER_PRODUCTIONS - Accounts

WATER & POWER PRODUCTIONS LIMITED - Company Information

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Company Registration No. 08223315 (England and Wales)

WATER & POWER PRODUCTIONS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

WATER & POWER PRODUCTIONS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

WATER & POWER PRODUCTIONS LTD

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Current assets

Debtors

59,000

507

Cash at bank and in hand

1,444

1,219

60,444

1,726

Creditors: amounts falling due within one year

(37,702)

(12,640)

Total assets less current liabilities

22,742

(10,914)

Capital and reserves

Called up share capital

10,000

Share premium account

16,500

Profit and loss account

(3,758)

(37,414)

Shareholders' funds

22,742

(10,914)

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 29 June 2017

Mr Tom Miller

Director

Company Registration No. 08223315

WATER & POWER PRODUCTIONS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

33% straight line

Share capital

2016

2015

Allotted, called up and fully paid

10,000 ordinary of £1 each

10,000

Related party transactions

At the year end, the company owed the directors and shareholders £11,710 (2015 £8,710), broken down as follows: T Miller £6,910 (2015 £5,910), S Myer £2,400 (2015 £2,400), J Swarbrick £1,400 (2015 £400) and A Myer £10,000 (2015 £Nil). They have stated that they have no intention of withdrawing their support in the foreseeable future.

At the Balance Sheet date amounts totalling £22,500 (2015: £Nil) were owing from Metix Media Limited, a company controlled by Mr J Swarbrick. Amounts were repaid in full post balance sheet.

At the Balance Sheet date amounts totalling £10,000 (2015: £Nil) were owed to TDLI Limited, a company connected by common control.