Company Registration No. 07469910 (England and Wales)
Watermark Stationers Limited
Unaudited accounts
for the year ended 30 April 2018
Watermark Stationers Limited
Unaudited accounts
Contents
Watermark Stationers Limited
Company Information
for the year ended 30 April 2018
Company Number
07469910 (England and Wales)
Registered Office
91 Delamere Road
London
W5 3JP
Accountants
DMO Accountants
First Floor Offices, 25 Sanders Road
Finedon Road Industrial Estate
Wellingborough
Northamptonshire
NN8 4NL
Watermark Stationers Limited
Statement of financial position
as at 30 April 2018
Tangible assets
1,023
1,364
Cash at bank and in hand
9,926
41,695
Creditors: amounts falling due within one year
(100,114)
(104,072)
Net current assets
8,868
15,943
Called up share capital
150
150
Share premium
29,950
29,950
Profit and loss account
(20,209)
(12,793)
Shareholders' funds
9,891
17,307
For the year ending 30 April 2018 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 January 2019.
Mr Rohit Dhawan
Director
Company Registration No. 07469910
Watermark Stationers Limited
Notes to the Accounts
for the year ended 30 April 2018
Watermark Stationers Limited is a private company, limited by shares, registered in England and Wales, registration number 07469910. The registered office is 91 Delamere Road, London, W5 3JP. The principal place of business is Church Reading Rooms, Church Street, Ardington, Wantage, OX12 8QA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Watermark Stationers Limited
Notes to the Accounts
for the year ended 30 April 2018
4
Tangible fixed assets
Plant & machinery
Work in progress
8,500
8,500
Finished goods
34,913
29,721
Trade debtors
55,643
40,099
7
Creditors: amounts falling due within one year
2018
2017
Trade creditors
55,081
71,499
Taxes and social security
1,223
8,640
Other creditors
28,160
18,283
Loans from directors
15,000
5,000
Allotted, called up and fully paid:
150 Ordinary shares of £1 each
150
150
Watermark Stationers Limited
Notes to the Accounts
for the year ended 30 April 2018
9
Operating lease commitments
2018
2017
At 30 April 2018 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within one year
6,150
6,150
10
Average number of employees
During the year the average number of employees was 1 (2017: 1).
