ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 31 December 2017 the Company had future minimum lease payments under non-cancellable operating leases as follows:

WATERSLADE LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-12-312017-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsecomputer programmers, software developers, architectural consultants and surveyors.truetrue2017-01-01 02782750 2017-01-01 2017-12-31 02782750 2017-12-31 02782750 2016-12-31 02782750 c:Director1 2017-01-01 2017-12-31 02782750 d:FurnitureFittings 2017-01-01 2017-12-31 02782750 d:FurnitureFittings 2017-12-31 02782750 d:FurnitureFittings 2016-12-31 02782750 d:FurnitureFittings d:OwnedOrFreeholdAssets 2017-01-01 2017-12-31 02782750 d:OfficeEquipment 2017-01-01 2017-12-31 02782750 d:OfficeEquipment 2017-12-31 02782750 d:OfficeEquipment 2016-12-31 02782750 d:OfficeEquipment d:OwnedOrFreeholdAssets 2017-01-01 2017-12-31 02782750 d:OwnedOrFreeholdAssets 2017-01-01 2017-12-31 02782750 d:CurrentFinancialInstruments 2017-12-31 02782750 d:CurrentFinancialInstruments 2016-12-31 02782750 d:CurrentFinancialInstruments d:WithinOneYear 2017-12-31 02782750 d:CurrentFinancialInstruments d:WithinOneYear 2016-12-31 02782750 d:ShareCapital 2017-12-31 02782750 d:ShareCapital 2016-12-31 02782750 d:CapitalRedemptionReserve 2017-12-31 02782750 d:CapitalRedemptionReserve 2016-12-31 02782750 d:RetainedEarningsAccumulatedLosses 2017-12-31 02782750 d:RetainedEarningsAccumulatedLosses 2016-12-31 02782750 c:FRS102 2017-01-01 2017-12-31 02782750 c:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 02782750 c:FullAccounts 2017-01-01 2017-12-31 02782750 c:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 02782750 d:WithinOneYear 2017-12-31 02782750 d:WithinOneYear 2016-12-31 02782750 d:BetweenOneFiveYears 2016-12-31 iso4217:GBP

Company registration number: 02782750

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2017

	WATERSLADE LIMITED


WATERSLADE LIMITED

CONTENTS

	Page
Statement of financial position	1
Notes to the financial statements	2 - 4


WATERSLADE LIMITED REGISTERED NUMBER:02782750

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2017

		2017		2016
Note		£		£

Fixed assets
Tangible assets	4		45,650		57,573
			45,650		57,573
Current assets
Debtors: amounts falling due within one year	5	531,142		532,681
Cash at bank and in hand		234,950		302,760
		766,092		835,441
Creditors: amounts falling due within one year	6	(311,759)		(432,099)
Net current assets			454,333		403,342
Total assets less current liabilities			499,983		460,915

Net assets			499,983		460,915

Capital and reserves
Alloted, called up & fully paid share capital	20	20
Capital redemption reserve	10	10
Profit and loss account	499,953	460,885
	499,983	460,915

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

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

P Fletcher

Director

Date: 21 September 2018

The notes on pages 2 to 4 form part of these financial statements.

Page 1


WATERSLADE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

1.	Statement of compliance

Waterslade Limited is a private company limited by shares, incorporated in England and Wales under the Companies Act 2006. The address of the registered office is 7 Oasis Park, Eynsham, Oxford, OX29 4TP. This is also the company's principal trading address.
The accounts are presented in Sterling which is the functional currency of the company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Turnover

The turnover shown in the Statement of Income and Retained Earnings represents amounts receivable for services provided during the period in the normal course of business, net of trade discounts, VAT and other sales and related taxes.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the combination of straight-line method and reducing balance method.

Depreciation is provided on the following basis:

				Fixtures and fittings	-		33% - 50% reducing balance
				Office equipment	-		25% - 50% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 30 (2016 -27).

Page 2


WATERSLADE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

4.	Tangible fixed assets

	Fixtures and fittings	Office equipment	Total
	£	£	£
Cost or valuation
At 1 January 2017	68,820	96,651	165,471
Additions	1,417	7,928	9,345
At 31 December 2017	70,237	104,579	174,816
Depreciation
At 1 January 2017	30,098	77,800	107,898
Charge for the year	12,969	8,299	21,268
At 31 December 2017	43,067	86,099	129,166
Net book value
At 31 December 2017	27,170	18,480	45,650
At 31 December 2016	38,722	18,851	57,573

Page 3


WATERSLADE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

Debtors

					2017	2016
					£	£


Trade debtors	174,071	145,630
Other debtors	298,522	318,574
Prepayments and accrued income	58,549	68,477
	531,142	532,681

6.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Trade creditors	12,617	24,847
Corporation tax	12,062	28,724
Other taxation and social security	60,481	116,025
Other creditors	74,246	81,829
Accruals and deferred income	152,353	180,674
	311,759	432,099

Not later than 1 year	47,560	47,560
Later than 1 year and not later than 5 years	-	47,560
	47,560	95,120

Page 4