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FREEWATT LIMITED




Company Registration Number:
06553863 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st May 2009

End date: 30th April 2010

SUBMITTED

FREEWATT LIMITED

Company Information
for the Period Ended
30th April 2010




Director: Julian Patrick
Company secretary: Ruth Patrick
Registered office: DANES FARM Stow Park Road
Stow
Lincoln
Lincolnshire
LN1 2AJ
GBR
Company Registration Number: 06553863 (England and Wales)

FREEWATT LIMITED

Abbreviated Balance sheet
As at 30th April 2010

Notes 2010
£
2009
£
Fixed assets
Intangible assets: 0 0
Tangible assets: 4 47,024 7,374
Total fixed assets: 47,024 7,374
Current assets
Stocks: 29,451 4,672
Debtors: 5 84,703 500
Cash at bank and in hand: 0 9,586
Total current assets: 114,154 14,758
Creditors
Creditors: amounts falling due within one year 6 87,694 8,413
Net current assets (liabilities): 26,460 6,345
Total assets less current liabilities: 73,484 13,719
Creditors: amounts falling due after more than one year: 7 8,144 5,781
Provision for liabilities: 0 .0
Total net assets (liabilities): 65,340 7,938

The notes form part of these financial statements

FREEWATT LIMITED

Abbreviated Balance sheet
As at 30th April 2010
continued

Notes 2010
£
2009
£
Capital and reserves
Called up share capital: 8 1 1
Revaluation reserve: 0 0
Profit and Loss account: 65,339 7,937
Total shareholders funds: 65,340 7,938

For the year ending 30 April 2010 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 19 November 2010

SIGNED ON BEHALF OF THE BOARD BY:

Name: Julian Patrick
Status: Director

The notes form part of these financial statements

FREEWATT LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
30th April 2010

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2007)

    Turnover policy

    Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Plant and Machinery 20% straight line Motor Vehicles 25% straight line

    Other accounting policies

    Stock Stock is valued at the lower of cost and net realisable value Foreign currencies Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. Leasing and hire purchase commitments Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease and hire purchase obligation is treated in the balance sheet as a liability The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding Rentals paid under operating leases are charged to income on a straight line basis over the lease term

  • 4. Tangible assets

    Total
    Cost £
    At 01st May 2009: 7,999
    Additions: 43,104
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    At 30th April 2010: 51,103
    Depreciation
    At 01st May 2009: 625
    Charge for year: 3,454
    On disposals: 0
    Other adjustments 0
    At 30th April 2010: 4,079
    Net book value
    At 30th April 2010: 47,024
    At 30th April 2009: 7,374

  • 5. Debtors

  • 6. Creditors: amounts falling due within one year

  • 7. Creditors: amounts falling due after more than one year

  • 8. Called up share capital

    Allotted, called up and paid

    Previous period 2009
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1 1
    Preference shares: 0 0 0
    Total share capital: 1
    Current period 2010
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1 1
    Preference shares: 0 0 0
    Total share capital: 1