Company Registration No. 07469910 (England and Wales)
Watermark Stationers Limited
Unaudited accounts
for the year ended 30 April 2017
Watermark Stationers Limited
Unaudited accounts
Contents
Watermark Stationers Limited
Company Information
for the year ended 30 April 2017
Company Number
07469910 (England and Wales)
Registered Office
91 Delamere Road
London
W5 3JP
Accountants
DMO Accountants
32 College Street
Higham Ferrers
Northamptonshire
NN10 8DZ
Watermark Stationers Limited
Statement of financial position
as at 30 April 2017
Cash at bank and in hand
41,695
9,223
Creditors: amounts falling due within one year
(104,072)
(61,146)
Net current assets/(liabilities)
15,943
(3,203)
Net assets/(liabilities)
17,307
(2,597)
Called up share capital
150
100
Profit and loss account
(12,793)
(2,697)
Shareholders' funds
17,307
(2,597)
For the year ending 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 January 2018.
Mr Rohit Dhawan
Director
Company Registration No. 07469910
Watermark Stationers Limited
Notes to the Accounts
for the year ended 30 April 2017
Watermark Stationers Limited is a private company, limited by shares, registered in England and Wales, registration number 07469910. The registered office is 91 Delamere Road, London, W5 3JP. The principal place of business is Church Reading Rooms, Church Street, Ardington, Wantage, OX12 8QA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 April 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Watermark Stationers Limited
Notes to the Accounts
for the year ended 30 April 2017
4
Tangible fixed assets
Plant & machinery
Finished goods
29,721
20,461
Trade debtors
40,099
23,741
Accrued income and prepayments
-
391
7
Creditors: amounts falling due within one year
2017
2016
Trade creditors
71,499
55,478
Taxes and social security
8,640
5,018
Other creditors
18,933
650
Loans from directors
5,000
-
Allotted, called up and fully paid:
150 Ordinary shares of £1 each
150
100
Shares issued during the period:
50 Ordinary shares of £1 each
50
Watermark Stationers Limited
Notes to the Accounts
for the year ended 30 April 2017
9
Average number of employees
During the year the average number of employees was 1 (2016: 1).
