Wet Environmental Ltd - Accounts to registrar (filleted) - small 18.2
Wet Environmental Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2018 |
| FOR |
| WET ENVIRONMENTAL LTD |
| WET ENVIRONMENTAL LTD (REGISTERED NUMBER: 08955497) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31st March 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Director's Responsibilities Statement | 6 |
| Independent Chartered Accountants' Review Report | 7 |
| WET ENVIRONMENTAL LTD |
| COMPANY INFORMATION |
| for the Year Ended 31st March 2018 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 111-113 High Street |
| Evesham |
| Worcestershire |
| WR11 4XP |
| WET ENVIRONMENTAL LTD (REGISTERED NUMBER: 08955497) |
| BALANCE SHEET |
| 31st March 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| WET ENVIRONMENTAL LTD (REGISTERED NUMBER: 08955497) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31st March 2018 |
| 1. | STATUTORY INFORMATION |
| Wet Environmental Ltd is a |
| 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
| rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| Taxation |
| Taxation for the year comprises current and deferred tax. 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 or deferred taxation assets and liabilities are not discounted. |
| 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different |
| from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and |
| laws that have been enacted or substantively enacted by the year end and that are expected to apply to the |
| reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that |
| they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's |
| pension scheme are charged to profit or loss in the period to which they relate. |
| WET ENVIRONMENTAL LTD (REGISTERED NUMBER: 08955497) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31st March 2018 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st April 2017 |
| Additions |
| At 31st March 2018 |
| DEPRECIATION |
| At 1st April 2017 |
| Charge for year |
| At 31st March 2018 |
| NET BOOK VALUE |
| At 31st March 2018 |
| At 31st March 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Directors' loan accounts | - | 52,995 |
| Deferred tax asset |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Social security and other taxes |
| VAT | 6,032 | 5,763 |
| Other creditors |
| Pensions payable | 59 | - |
| Wages payable | 4,753 | - |
| Accrued expenses |
| WET ENVIRONMENTAL LTD (REGISTERED NUMBER: 08955497) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31st March 2018 |
| 7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31st March 2018 and |
| 31st March 2017: |
| 2018 | 2017 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 8. | CONTROL |
| At 31st March 2018, the immediate parent undertaking is Wet Holdings (Global) Limited, |
| Wet Holdings (Global) Limited registered at Greville House, 11 Abbey Hill, Kenilworth, CV8 1LU has claimed |
| exemption from preparing group accounts for the year ended 31st March 2018. |
| DIRECTOR'S RESPONSIBILITIES STATEMENT |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| WET ENVIRONMENTAL LTD |
| The following reproduces the text of the report prepared for the director and members in respect of the |
| company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
| only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary |
| statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| I confirm that as a director I have met my duty in accordance with the Companies Act 2006 to: |
| - | ensure that the company has kept proper accounting records; |
| - | prepare financial statements which give a true and fair view of the state of affairs of the company as at 31st March 2018 and of its loss for that period in accordance with United Kingdom Generally Accepted Accounting Practice; and |
| - | follow the applicable accounting policies, subject to any material departures disclosed and explained in the notes to the financial statements. |
| 14th December 2018 |
| INDEPENDENT CHARTERED ACCOUNTANTS' REVIEW REPORT TO THE DIRECTOR OF |
| WET ENVIRONMENTAL LTD |
| The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| We have reviewed the financial statements of Wet Environmental Ltd for the year ended 31st March 2018, |
| which comprise the Income Statement, Balance Sheet, the Statement of Changes in Equity and the related |
| notes 1 to 9. The financial reporting framework that has been applied in their preparation is applicable law |
| and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), |
| including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and |
| Republic of Ireland'. |
| This report is made solely to the company's director in accordance with our terms of engagement. Our |
| review has been undertaken so that we might state to the director those matters that we have agreed with |
| him in our engagement letter and for no other purpose. To the fullest extent permitted by law, we do not |
| accept or assume responsibility to anyone other than the company and the company's director for our work, |
| for this report or the conclusions we have formed. |
| Directors' Responsibility for the Financial Statements |
| As explained more fully in the Directors' Responsibilities Statement set out on page eight, the directors are |
| responsible for the preparation of the financial statements and for being satisfied that they give a true and |
| fair view. |
| Accountants' Responsibility |
| Our responsibility is to express a conclusion on the financial statements. We conducted our review in |
| accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), Engagements to |
| review historical financial statements and ICAEW Technical Release TECH 09/13AAF Assurance review |
| engagements on historical financial statements. ISRE 2400 (Revised) requires us to conclude whether |
| anything has come to our attention that causes us to believe that the financial statements, taken as a whole, |
| are not prepared, in all material respects, in accordance with United Kingdom Generally Accepted Accounting |
| Practice. ISRE 2400 (Revised) also requires us to comply with the ICAEW Code of Ethics. |
| Scope of the Assurance Review |
| A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. |
| We have performed additional procedures to those required under a compilation engagement. These |
| primarily consist of making enquiries of management and others within the entity, as appropriate, applying |
| analytical procedures and evaluating the evidence obtained. The procedures performed in a review are |
| substantially less than those performed in an audit conducted in accordance with International Standards on |
| Auditing (UK). Accordingly, we do not express an audit opinion on these financial statements. |
| Conclusion |
| Based on our review, nothing has come to our attention that causes us to believe that the financial |
| statements have not been prepared: |
| - so as to give a true and fair view of the state of the company's affairs as at 31 March 2018, and of its loss for |
| the year then ended; |
| - in accordance with United Kingdom Generally Accepted Accounting Practice; and |
| - in accordance with the requirements of the Companies Act 2006. |
| INDEPENDENT CHARTERED ACCOUNTANTS' REVIEW REPORT TO THE DIRECTOR OF |
| WET ENVIRONMENTAL LTD |
| 111-113 High Street |
| Evesham |
| Worcestershire |
| WR11 4XP |