IRIS Accounts Production v18.3.0.590 09469734 Board of Directors Board of Directors 1.4.17 31.3.18 31.3.18 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure094697342017-03-31094697342018-03-31094697342017-04-012018-03-31094697342016-03-31094697342016-04-012017-03-31094697342017-03-3109469734ns15:EnglandWales2017-04-012018-03-3109469734ns14:PoundSterling2017-04-012018-03-3109469734ns10:Director12017-04-012018-03-3109469734ns10:Director22017-04-012018-03-3109469734ns10:PrivateLimitedCompanyLtd2017-04-012018-03-3109469734ns10:SmallEntities2017-04-012018-03-3109469734ns10:AuditExempt-NoAccountantsReport2017-04-012018-03-3109469734ns10:SmallCompaniesRegimeForDirectorsReport2017-04-012018-03-3109469734ns10:SmallCompaniesRegimeForAccounts2017-04-012018-03-3109469734ns10:FullAccounts2017-04-012018-03-310946973412017-04-012018-03-3109469734ns10:Director32017-04-012018-03-3109469734ns10:Director42017-04-012018-03-3109469734ns10:CompanySecretary12017-04-012018-03-3109469734ns10:RegisteredOffice2017-04-012018-03-3109469734ns5:CurrentFinancialInstruments2018-03-3109469734ns5:CurrentFinancialInstruments2017-03-3109469734ns5:ShareCapital2018-03-3109469734ns5:ShareCapital2017-03-3109469734ns5:RetainedEarningsAccumulatedLosses2018-03-3109469734ns5:RetainedEarningsAccumulatedLosses2017-03-3109469734ns5:NetGoodwill2017-04-012018-03-3109469734ns5:IntangibleAssetsOtherThanGoodwill2017-04-012018-03-3109469734ns5:FurnitureFittings2017-04-012018-03-3109469734ns5:ComputerEquipment2017-04-012018-03-3109469734ns5:NetGoodwill2017-03-3109469734ns5:NetGoodwill2018-03-3109469734ns5:NetGoodwill2017-03-3109469734ns5:FurnitureFittings2017-03-3109469734ns5:ComputerEquipment2017-03-3109469734ns5:FurnitureFittings2018-03-3109469734ns5:ComputerEquipment2018-03-3109469734ns5:FurnitureFittings2017-03-3109469734ns5:ComputerEquipment2017-03-3109469734ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-03-3109469734ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-31


REGISTERED NUMBER: 09469734 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

Waterhouse Independent Financial
Advisers Ltd

Waterhouse Independent Financial
Advisers Ltd (Registered number: 09469734)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Waterhouse Independent Financial
Advisers Ltd

Company Information
for the Year Ended 31 March 2018







DIRECTORS: J M Docherty
Mrs S Docherty
P M Ring
Mrs L C Ring





SECRETARY:





REGISTERED OFFICE: 23 High Street
Midsomer Norton
Radstock
BA3 2DR





REGISTERED NUMBER: 09469734 (England and Wales)





ACCOUNTANTS: Accounting Solutions
2 Northside
Wells Road
Chilcompton
Radstock
BA3 4ET

Waterhouse Independent Financial
Advisers Ltd (Registered number: 09469734)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,760 26,640
Tangible assets 5 4,202 4,943
21,962 31,583

CURRENT ASSETS
Debtors 6 235,629 125,756
Cash at bank 26,711 31,207
262,340 156,963
CREDITORS
Amounts falling due within one year 7 65,448 69,326
NET CURRENT ASSETS 196,892 87,637
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,854

119,220

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 218,554 118,920
SHAREHOLDERS' FUNDS 218,854 119,220

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

Waterhouse Independent Financial
Advisers Ltd (Registered number: 09469734)

Balance Sheet - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 13 November 2018 and were signed on its behalf
by:




P M Ring - Director



J M Docherty - Director


Waterhouse Independent Financial
Advisers Ltd (Registered number: 09469734)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Waterhouse Independent Financial Advisers Ltd is a private company, limited by shares , registered in England
and Wales. The 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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on cost

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.

Waterhouse Independent Financial
Advisers Ltd (Registered number: 09469734)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 44,400
AMORTISATION
At 1 April 2017 17,760
Amortisation for year 8,880
At 31 March 2018 26,640
NET BOOK VALUE
At 31 March 2018 17,760
At 31 March 2017 26,640

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2017 12,491 17,409 29,900
Additions 539 897 1,436
At 31 March 2018 13,030 18,306 31,336
DEPRECIATION
At 1 April 2017 11,291 13,666 24,957
Charge for year 348 1,829 2,177
At 31 March 2018 11,639 15,495 27,134
NET BOOK VALUE
At 31 March 2018 1,391 2,811 4,202
At 31 March 2017 1,200 3,743 4,943

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Amounts owed by group undertakings 270 270
Other debtors 235,359 125,486
235,629 125,756

Waterhouse Independent Financial
Advisers Ltd (Registered number: 09469734)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 62,873 66,901
Other creditors 2,575 2,425
65,448 69,326

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company was under the control of the directors throughout the period as stated in the reports of the director's
on page 2.

Interest was charged on overdrawn directors' loan account balances at the official rate of 3.25%.