Northern Aqua Power (Manchester) Limited
Northern Aqua Power (Manchester) Limited
Registered number: 01437965
Financial Statements
For The Year Ended 31 January 2017
Northern Aqua Power (Manchester) Limited
Unaudited Financial Statements
For The Year Ended 31 January 2017
Unaudited Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1—2 |
| Statement of Changes in Equity | 3 |
| Notes to the Financial Statements | 4—7 |
Northern Aqua Power (Manchester) Limited
Balance Sheet
As at
31 January 2017
Balance Sheet
Registered number:
01437965
For the year ending 31 January 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2017 | 2016 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 8 |
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| CURRENT ASSETS | |||||
| Stocks | 9 |
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| Debtors | 10 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 11 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 12 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 13 |
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| Profit and loss account |
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| SHAREHOLDERS' FUNDS | 288,445 | 340,121 | |||
Page 1
Northern Aqua Power (Manchester) Limited
Balance Sheet (continued)
As at
31 January 2017
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Profit and Loss Account
On behalf of the board
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The notes on pages 4 to 7 form part of these financial statements.
Page 2
Northern Aqua Power (Manchester) Limited
Statement of Changes in Equity
For The Year Ended 31 January 2017
Statement of Changes in Equity
| Share Capital | Profit & Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 1 February 2015 |
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414,775 |
| Loss for the year and total comprehensive income | - |
( |
(74,654) |
| As at 31 January 2016 and 1 February 2016 |
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340,121 |
| Loss for the year and total comprehensive income | - |
( |
(51,676) |
| As at |
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288,445 |
Page 3
Northern Aqua Power (Manchester) Limited
Notes to the Unaudited Accounts
For The Year Ended 31 January 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
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.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Motor Vehicles |
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1.4.
Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.5.
Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.6.
Deferred Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
1.7.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
Page 4
Northern Aqua Power (Manchester) Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 January 2017
5.
Average number of employees
Average number of employees, including directors, during the year was as follows:
| 2017 | 2016 | ||
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| Office and administration |
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7.
Intangible Assets
| Development Costs | |||
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| As at |
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| Amortisation | |||
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| Net Book Value | |||
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8.
Tangible Assets
| Motor Vehicles | |
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| Cost | |
| As at |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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Page 5
Northern Aqua Power (Manchester) Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 January 2017
9.
Stocks
| 2017 | 2016 | ||
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| £ | £ | ||
| Stock - materials |
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10.
Debtors
| 2017 | 2016 | ||
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| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
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| VAT |
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| Amounts owed by parent undertaking (Debtors < 1 year) | 215,595 | 319,176 | |
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11.
Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 | ||
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| £ | £ | ||
| Trade creditors |
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| Accruals and deferred income |
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| Directors' loan accounts |
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| Amounts owed to associates |
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12.
Deferred Taxation
| 2017 | 2016 | ||
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| £ | £ | ||
| As at |
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| Deferred taxation |
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| Deferred tax |
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The provision for deferred taxation is made up of accelerated capital allowances
Page 6
Northern Aqua Power (Manchester) Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 January 2017
14.
Related Party Transactions
Delta Technology Group Limited
Parent company
During the year, Delta Technology Group Limited was repaid inter-company loans by associates of Northern Aqua Power (Manchester) Limited amounting to £103,581 (2016 £319,076 paid by Delta Technology Group Limited). The balance owing at the year end is £215,595 (2016 £319,176).
Northern Marine Power Limited
Fellow subsidiary
During the year, Northern Aqua Power (Manchester) Limited made recharges to Northern Marine Power Limited of £7,233 (2016 £nil) and received recharges of £2,240 (2016 £12,131). Sales were received, on behalf of Northern Marine Power Limited, amounting to £701 (2016 £nil) and payments of £17,562 (2016 £nil) were made to Northern Marine Power Limited's suppliers. Monies were transferred from Northern Sea Power Limited of £468,750 (2016 £nil) and Northern Marine Power Limited paid £500,603 (2016 £nil) to the company. Monies were transferred from Delta Technology Group Limited of £36,584 (2016 £nil) to repay the inter-company loans. The balance owed at the year end is £nil (2016 £26,584).
Northern Sea Power Limited
Fellow subsidiary
During the year, the company made recharges to Northern Aqua Power (Manchester) Limited of £41,997 (2016 £41,659) and transferred monies of £10,000 (2016 £15,000). Monies were transferred from Delta Technology Group Limited amounting to £51,997 (2016 £317,056 transferred to Delta Technology Group Limited) to repay the inter-company loans. The balance owing at the year end is £nil (2016 £nil).
The loans are interest free with no fixed plans for repayment.
15.
Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Delta Technology Group Limited . Delta Technology Group Limited was incorporated in England & Wales. Copies of the group accounts may be obtained from the secretary, Newby Road Industrial Estate, Hazel Grove, Stockport, SK7 5DR . The ultimate controlling party is Mr C Dyas and members of his close family who controls 100% of the shares of Northern Aqua Power (Manchester) Limited .
16.
General Information
Northern Aqua Power (Manchester) Limited Registered number 01437965 is a limited by shares company incorporated in England & Wales. The Registered Office is Newby Road Industrial Estate, Hazel Grove, Stockport, Cheshire, SK7 5DR.
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