Wath Quarries Limited - Accounts to registrar (filleted) - small 18.2

Wath Quarries Limited - Accounts to registrar (filleted) - small 18.2

WATH QUARRIES LIMITED - Company Information

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REGISTERED NUMBER: 00542179 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

WATH QUARRIES LIMITED
WATH QUARRIES LIMITED (REGISTERED NUMBER: 00542179)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


WATH QUARRIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: Mrs J Hutson
Mr M A Hutson





SECRETARY: Mrs J Hutson





REGISTERED OFFICE: 5
Woodgate
Rothley
Leicestershire
LE7 7LL





REGISTERED NUMBER: 00542179 (England and Wales)
Page 1
WATH QUARRIES LIMITED (REGISTERED NUMBER: 00542179)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,105 1,370

CURRENT ASSETS
Debtors 5 164,198 164,198
Cash at bank 512,434 449,100
676,632 613,298
CREDITORS
Amounts falling due within one year 6 29,066 29,464
NET CURRENT ASSETS 647,566 583,834
TOTAL ASSETS LESS CURRENT
LIABILITIES
648,671
585,204

CAPITAL AND RESERVES
Called up share capital 178,000 178,000
Retained earnings 470,671 407,204
SHAREHOLDERS' FUNDS 648,671 585,204

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 directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 November 2018 and were signed on its behalf
by:




Mr M A Hutson - Director


The notes form part of these financial statements

Page 2
WATH QUARRIES LIMITED (REGISTERED NUMBER: 00542179)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

Wath Quarries 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.

The financial statements are presented in Sterling (£).

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on reducing balance
Plant and machinery - 20% on reducing balance

TAXATION
Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other
comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

LEASING CONTRACTS
Lease rental receipts are credited to the profit and loss account as they accrue.

3. EMPLOYEES AND DIRECTORS

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

Page 3 continued...
WATH QUARRIES LIMITED (REGISTERED NUMBER: 00542179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 April 2017
and 31 March 2018 114,261 2,000 116,261
DEPRECIATION
At 1 April 2017 114,171 720 114,891
Charge for year 9 256 265
At 31 March 2018 114,180 976 115,156
NET BOOK VALUE
At 31 March 2018 81 1,024 1,105
At 31 March 2017 90 1,280 1,370

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Amounts owed by group undertakings 164,046 164,046
Other debtors 152 152
164,198 164,198

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 15,350 15,748
Other creditors 13,716 13,716
29,066 29,464

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M Hutson by virtue of his family's controlling interest in the equity share
capital of the company.

Page 4