Nuwater Limited - Period Ending 2017-07-31

Registration number: 02788251

Nuwater Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2017

Blu Sky Chartered Accountants
17 Northumberland Square
North Shields
NE30 1PX

Nuwater Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3

Nuwater Limited

Company Information

Directors

Prof. Paul Younger Prof Patrick Enda O'Connell

Registered office

17 Northumberland Square North Shields Tyne and Wear NE30 1PX

Accountants

Blu Sky Chartered Accountants 17 Northumberland Square North Shields NE30 1PX

Page 1

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Nuwater Limited
for the Year Ended 31 July 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Nuwater Limited for the year ended 31 July 2017 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Nuwater Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Nuwater Limited and state those matters that we have agreed to state to the Board of Directors of Nuwater Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nuwater Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Nuwater Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Nuwater Limited. You consider that Nuwater Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Nuwater Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Blu Sky Chartered Accountants
17 Northumberland Square
North Shields
NE30 1PX

30 April 2017

Page 2

Nuwater Limited

(Registration number: 02788251)
Balance Sheet as at 31 July 2017

	2017 £	2016 £
Current assets	24,942	14,520
Creditors: Amounts falling due within one year	(10,623)	(629)
Total assets less current liabilities	14,319	13,891
Accruals and deferred income	(600)	(840)
	13,719	13,051
Capital and reserves	13,719	13,051

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 July 2017 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 30 April 2017 and signed on its behalf by:
 

.........................................

Prof Patrick Enda O'Connell

Director

Advances, credits and guarantees to the directors

Transactions with directors

2017	At 1 August 2016 £	Advances to directors £	Repayments by director £	Written off £	Waived £	At 31 July 2017 £
Prof. Paul Younger
Directors Loan Account	104	-	13,550	-	-	13,654
Prof Patrick Enda O'Connell
Directors Loan Account	(3,871)	-	840	-	-	(3,031)

Page 3

Nuwater Limited

(Registration number: 02788251)
Balance Sheet as at 31 July 2017

2016	At 1 August 2015 £	Advances to directors £	Repayments by director £	Written off £	Waived £	At 31 July 2016 £
Prof. Paul Younger
Directors Loan Account	104	-	-	-	-	104
Prof Patrick Enda O'Connell
Directors Loan Account	(4,591)	-	720	-	-	(3,871)

Details of advances, credits and guaranteess to the directors

During the year the company made an interest free advance of £3,031 to Prof. Patrick Enda O'Connell who is a director and is repayable on demand by the company. The advance was outstanding at the balance sheet date.

Page 4