Water Direct Management Limited
Notes to the financial statements
For the year ended 30 April 2021
Water Direct Management Limited is a limited liability company incorporated in England and Wales, registered number 04017912. The registered office is Stanford Bridge Farm, Station Road, Pluckley, Ashford, Kent, TN27 0RU.
2.
Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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The average monthly number of employees, including directors, during the year was
2
(2020 -
2
)
.
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Amounts owed by group undertakings
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Allotted, called up and fully paid
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700
(2020 -
700
)
Ordinary
shares of £
1.00
each
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