Waters Education Ventures Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08849382 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Waters Education Ventures Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Waters

SECRETARY:

Mrs P Waters

REGISTERED OFFICE:

26 Redcliffe Street

Worcester

Worcestershire

WR3 7AP

REGISTERED NUMBER:

08849382 (England and Wales)

ACCOUNTANTS:

Paul Ng & Associates

15 Halifax Way

Welwyn Garden City

Hertfordshire

AL7 2QH

FIXED ASSETS

Tangible assets

4

447

-

CURRENT ASSETS

Debtors

5

23,040

27,365

Cash at bank

257,435

82,550

280,475

109,915

CREDITORS

Amounts falling due within one year

6

48,128

17,649

NET CURRENT ASSETS

232,347

92,266

TOTAL ASSETS LESS CURRENT LIABILITIES

232,794

92,266

PROVISIONS FOR LIABILITIES

100

-

NET ASSETS

232,694

92,266

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

232,594

92,166

SHAREHOLDERS' FUNDS

232,694

92,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by and issued on behalf of the director on 21 July 2017 and were signed by:

M J Waters - Director

1.	STATUTORY INFORMATION

Waters Education Ventures Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

671

At 31 March 2017

671

DEPRECIATION

Charge for year

224

At 31 March 2017

224

NET BOOK VALUE

At 31 March 2017

447

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

23,040

27,365

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Taxation and social security

45,036

11,742

Other creditors

3,092

5,907

48,128

17,649

7.	RELATED PARTY DISCLOSURES

M J Waters - A director and shareholder of the company.

During the year Mr M J Waters claimed expenses in the ordinary course of business, which include £216 (2016:

£216) for home working.

Amount due to related party at the balance sheet date £691 (2016: £3,107).