C-Ways Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03462150 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

C-WAYS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N S Jackson

A M Jackson

SECRETARY:

A M Jackson

REGISTERED OFFICE:

Unit 2, Lora Court Yard

Wykeham Business Centre

Wykeham

Scarborough

North Yorkshire

YO13 9QP

REGISTERED NUMBER:

03462150 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

35,312

60,879

35,312

60,879

CURRENT ASSETS

Stocks

111,067

110,164

Debtors

1,041,876

327,798

Investments

25,300

23,500

Cash at bank and in hand

279,655

283,015

1,457,898

744,477

CREDITORS

Amounts falling due within one year

1,212,407

589,928

NET CURRENT ASSETS

245,491

154,549

TOTAL ASSETS LESS CURRENT
LIABILITIES

280,803

215,428

PROVISIONS FOR LIABILITIES

7,062

9,516

NET ASSETS

273,741

205,912

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

272,741

204,912

SHAREHOLDERS' FUNDS

273,741

205,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26 January 2017 and were signed on its behalf by:

A M Jackson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

The turnover shown in the profit and loss account represents the total invoice value, excluding value added tax,

of sales made during the year. Sales are recognised in the profit and loss account in the period in which the

related work is carried out.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

over the lease term

Fixtures and fittings

-

20% on cost and 10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

13,000

AMORTISATION

At 1 December 2015

and 30 November 2016

13,000

NET BOOK VALUE

At 30 November 2016

-

At 30 November 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

322,673

Additions

9,915

Disposals

(207,354

)

At 30 November 2016

125,234

DEPRECIATION

At 1 December 2015

261,794

Charge for year

31,705

Eliminated on disposal

(203,577

)

At 30 November 2016

89,922

NET BOOK VALUE

At 30 November 2016

35,312

At 30 November 2015

60,879

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

1,000

Ordinary

1

1,000