Helmsway Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06535089

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Helmsway Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

R G Pickles

Mrs L J Pickles

REGISTERED OFFICE:

Bellmount Farm

Aislaby

Eaglescliffe

Stockton-on-Tees

TS16 0QJ

REGISTERED NUMBER:

06535089

ACCOUNTANTS:

Farnell Clarke

Evolution House

Iceni Court

Norwich

Norfolk

NR6 6BB

FIXED ASSETS

Property, plant and equipment

4

64

235

CURRENT ASSETS

Debtors

5

2,521

91,026

Investments

6

451,702

317,632

Cash at bank

21,227

23,932

475,450

432,590

CREDITORS

Amounts falling due within one year

7

322,518

292,534

NET CURRENT ASSETS

152,932

140,056

TOTAL ASSETS LESS CURRENT LIABILITIES

152,996

140,291

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

152,992

140,287

SHAREHOLDERS' FUNDS

152,996

140,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 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 23 November 2017 and were signed on its behalf by:

R G Pickles - Director

1.	STATUTORY INFORMATION

Helmsway Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Preparation of consolidated financial statements

The financial statements contain information about Helmsway Limited as an individual company and do not

contain consolidated financial information as the parent of a group. The company has taken the option under

Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

33% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

2,186

DEPRECIATION

At 1 April 2016

1,951

Charge for year

171

At 31 March 2017

2,122

NET BOOK VALUE

At 31 March 2017

64

At 31 March 2016

235

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

2,055

27,750

Other debtors

466

63,276

2,521

91,026

6.	CURRENT ASSET INVESTMENTS

31.3.17

31.3.16

£

£

Unlisted investments

451,702

317,632

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Taxation and social security

10,379

6,283

Other creditors

312,139

286,251

322,518

292,534

8.	FIRST YEAR ADOPTION

The company has transitioned from UK GAAP to FRS102 Section 1A as at 1 April 2016, no adjustments were

required to the 2016 accounts to meet the new standards.