For the year ended 05 April 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 02823070
Natures Waves Ltd
For the year ended 05 April 2015
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
Notes to the Abbreviated Financial Statements
|
Natures Waves Ltd
For the year ended 05 April 2015
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Land and Buildings
Plant and Machinery
No depreciation is provided on the company
'
s freehold properties since in the opinion of the directors the expected
|
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
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would be immaterial
.
The directors undertake an annual impairment review of these properties
.
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28,706
28,706
2,385
439
Charge for year
2,824
25,882
26,321
2 of 3
Notes to the Abbreviated Financial Statements
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Natures Waves Ltd
For the year ended 05 April 2015
Allotted called up and fully paid
|
2015
2014
10
,
000
Ordinary shares of £
1
.
00
each
|
10,000
10,000
10,000
10,000
3 of 3