Abbreviated Company Accounts - WATERSLADE LIMITED

WATERSLADE LIMITED - Company Information

02782750 WATERSLADE LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 02782750 2013-04-01 2014-03-31 02782750 2014-03-31 02782750 2013-03-31 02782750 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 02782750 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 02782750

WATERSLADE LIMITED

Abbreviated Accounts

31 March 2014

WATERSLADE LIMITED Registered Number 02782750

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	82,120	82,437
		82,120	82,437
Current assets
Stocks		35,000	32,000
Debtors		509,154	428,132
Cash at bank and in hand		112,183	102,986
		656,337	563,118
Creditors: amounts falling due within one year		(415,719)	(466,395)
Net current assets (liabilities)		240,618	96,723
Total assets less current liabilities		322,738	179,160
Total net assets (liabilities)		322,738	179,160
Capital and reserves
Called up share capital	3	30	30
Profit and loss account		322,708	179,130
Shareholders' funds		322,738	179,160

For the year ending 31 March 2014 the company was entitled to exemption 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 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 December 2014

And signed on their behalf by:
M A Howarth, Director

WATERSLADE LIMITED Registered Number 02782750

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 50% straight line, 25% on reducing balance, 25% straight line

Valuation information and policy
Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct
expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies
The company operates a defined benefit pension scheme. The contributions to the scheme are charged to the profit and loss account in the period to which they relate.

2Tangible fixed assets

	£
Cost
At 1 April 2013	378,473
Additions	30,454
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	408,927
Depreciation
At 1 April 2013	296,036
Charge for the year	30,771
On disposals	-
At 31 March 2014	326,807
Net book values
At 31 March 2014	82,120
At 31 March 2013	82,437

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
30 Ordinary shares of £1 each	30	30