Agua Vida Limited

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		5,238		6,546

			5,238		6,546
CURRENT ASSETS
Stocks		3,125		3,125
Debtors		21,019		31,914
Cash at bank and in hand		22,070		23,996

		46,214		59,035
Creditors: Amounts Falling Due Within One Year		(26,427)		(57,735)

NET CURRENT ASSETS (LIABILITIES)			19,787		1,300

TOTAL ASSETS LESS CURRENT LIABILITIES			25,025		7,846

Creditors: Amounts Falling Due After More Than One Year	3		-		(8,810)

NET ASSETS			25,025		(964)

CAPITAL AND RESERVES
Called up share capital	4		2		2
Profit and Loss Account			25,023		(966)

SHAREHOLDERS' FUNDS			25,025		(964)

Page 1

Agua Vida Limited

Company No. 06045765

Abbreviated Balance Sheet (continued) 31 January 2016

For the year ending 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 abbreviated 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 2015).

On behalf of the board

Dr Bruno Silva

08/04/2016

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% reducing balance
Fixtures & Fittings	25% reducing balance

Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Tangible Assets


	Total
Cost	£
As at 1 February 2015	52,945
Disposals	(75)

As at 31 January 2016	52,870

Depreciation
As at 1 February 2015	46,399
Provided during the period	1,252
Disposals	(19)

As at 31 January 2016	47,632

Net Book Value
As at 31 January 2016	5,238

As at 1 February 2015	6,546

Creditors: Amounts Falling Due After More Than One Year

	2016	2015
	£	£
Bank loans	-	8,810

Page 3

Agua Vida Limited

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 January 2016

Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	2	2	2

Ultimate Controlling Party

The company's ultimate controlling party are the directors by virtue of thier ownership of 100% of the issued share capital in the company.