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Unaudited Financial Statements for the Year Ended 31 May 2020 |
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Watr Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 May 2020 |
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for |
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Watr Limited |
Watr Limited (Registered number: 11026072) |
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Contents of the Financial Statements |
for the Year Ended 31 May 2020 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Watr Limited |
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Company Information |
for the Year Ended 31 May 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Evolution House |
Delft Way |
Norwich Airport |
Norwich |
Norfolk |
NR6 6BB |
Watr Limited (Registered number: 11026072) |
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Statement of Financial Position |
31 May 2020 |
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31.5.20 | 31.5.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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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. |
Watr Limited (Registered number: 11026072) |
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Statement of Financial Position - continued |
31 May 2020 |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Watr Limited (Registered number: 11026072) |
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Notes to the Financial Statements |
for the Year Ended 31 May 2020 |
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1. | STATUTORY INFORMATION |
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Watr Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
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All intangible assets are considered to have a finite useful life. If a reliable estimate of useful life cannot be made, the useful life shall not exceed ten years. |
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Tangible fixed assets |
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Plant and machinery | - |
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Computer equipment | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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 statement of financial position date. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2019 - NIL). |
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4. | INTANGIBLE FIXED ASSETS |
Intangibles |
£ |
COST |
Additions |
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At 31 May 2020 |
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NET BOOK VALUE |
At 31 May 2020 |
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Watr Limited (Registered number: 11026072) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2020 |
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5. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
COST |
Additions |
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At 31 May 2020 |
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DEPRECIATION |
Charge for year |
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At 31 May 2020 |
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NET BOOK VALUE |
At 31 May 2020 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.20 | 31.5.19 |
£ | £ |
S455 tax debtor |
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Director's current account |
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VAT |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.20 | 31.5.19 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Other creditors |
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Director's current account | - | 301 |
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Watr Limited (Registered number: 11026072) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 May 2020 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.5.20 | 31.5.19 |
value: | £ | £ |
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Ordinary | £0.0025 | 16 | - |
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Ordinary 25p | £0.0025 | 87 | 87 |
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Ordinary A | £0.0025 | 13 | 13 |
116 | 100 |
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The following shares were allotted and fully paid for cash at par during the year: |
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34,800 Ordinary 25p shares of £0.0025 each |
5,200 Ordinary A shares of £0.0025 each |
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6,518 Ordinary shares of £0.0025 each were allotted as fully paid
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9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 31 May 2020 and 31 May 2019: |
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31.5.20 | 31.5.19 |
£ | £ |
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Balance outstanding at start of year | ( |
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Amounts advanced |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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10. | RELATED PARTY DISCLOSURES |
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At the Balance Sheet date Watr Ltd owed Solder Ltd £85,800 (2019:£7,139). Solder Ltd is a company under the control of common directors. THis balance is included in other creditors in the accounts. |
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11. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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