SENTINEL_WATER_LIMITED - Accounts

SENTINEL WATER LIMITED - Company Information

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Company Registration No. 3543772 (England and Wales)

SENTINEL WATER LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

SENTINEL WATER LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

SENTINEL WATER LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

73,832

75,355

Investments

3,000

11,474

76,832

86,829

Current assets

Debtors

175,265

115,138

Cash at bank and in hand

46,992

181,070

222,257

296,208

Creditors: amounts falling due within one year

(189,787)

(97,131)

Net current assets

32,470

199,077

Total assets less current liabilities

109,302

285,906

Creditors: amounts falling due after more than one year

(10,021)

Provisions for liabilities

(14,569)

(14,830)

94,733

261,055

Capital and reserves

Called up share capital

3,000

Profit and loss account

91,733

258,055

Shareholders' funds

94,733

261,055

SENTINEL WATER LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2014

- 2 -

For the financial year ended 31 March 2014 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 30 July 2014

S. J. Wall

Director

Company Registration No. 3543772

SENTINEL WATER LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

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 April 2008).

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. Turnover is recognised over the period the service is provided to the customer.

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:

Plant and machinery

15% - 25% reducing balance

Fixtures, fittings & equipment

15% - 40% reducing balance

Motor vehicles

25% reducing balance

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.7

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.8

Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

SENTINEL WATER LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 April 2013

141,569

11,474

153,043

Additions

21,551

Disposals

(8,474)

At 31 March 2014

163,120

3,000

166,120

Depreciation

At 1 April 2013

66,214

Charge for the year

23,074

At 31 March 2014

89,288

Net book value

At 31 March 2014

73,832

3,000

76,832

At 31 March 2013

75,355

11,474

86,829

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £10,022 (2013 - £10,158).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £- (2013 - £10,022).

Share capital

2014

2013

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000

1,000 Ordinary B Shares of £1 each

1,000

1,000 Ordinary C Shares of £1 each

1,000

3,000

SENTINEL WATER LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 5 -

Ultimate parent company

The parent and ultimate parent company is Sentinel Water Holdings Limited, a company registered in England and Wales.