Waters Education Ventures Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08849382 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

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

223

447

CURRENT ASSETS

Debtors

5

1,257

23,040

Cash at bank

300,960

257,435

302,217

280,475

CREDITORS

Amounts falling due within one year

6

21,218

48,128

NET CURRENT ASSETS

280,999

232,347

TOTAL ASSETS LESS CURRENT LIABILITIES

281,222

232,794

PROVISIONS FOR LIABILITIES

100

100

NET ASSETS

281,122

232,694

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

281,022

232,594

SHAREHOLDERS' FUNDS

281,122

232,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by and issued on behalf of the director on 20 May 2018 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.

Revenue recognition

Turnover is recognised to the extent that the company obtains the right to consideration in exchange for its

performance. Turnover is measured at the fair value of the consideration received or receivable and represents

the amount receivable for services rendered, net of discounts, rebates and value added tax.

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

Financial instruments

The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances and investments, are

initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the

transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such

assets are subsequently carried at amortised cost using the effective interest method.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, are initially recognised at transaction

price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the

present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently

carried at amortised cost, using the effective interest rate method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2017

and 31 March 2018

671

DEPRECIATION

At 1 April 2017

224

Charge for year

224

At 31 March 2018

448

NET BOOK VALUE

At 31 March 2018

223

At 31 March 2017

447

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

119

23,040

Other debtors

1,138

-

1,257

23,040

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Taxation and social security

17,054

45,036

Other creditors

4,164

3,092

21,218

48,128

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 (2017:

£216) for home working.

Amount due to related party at the balance sheet date £1,401 (2017: £3691).