C-Ways Limited - Accounts to registrar (filleted) - small 17.3

C-Ways Limited - Accounts to registrar (filleted) - small 17.3


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REGISTERED NUMBER: 03462150(England and Wales)












FINANCIAL STATEMENTS

FOR THE PERIOD

1 DECEMBER 2016 TO 31 DECEMBER 2017

FOR

C-WAYS LIMITED

C-WAYS LIMITED (REGISTERED NUMBER: 03462150)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2016 TO 31 DECEMBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C-WAYS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2016 TO 31 DECEMBER 2017







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

C-WAYS LIMITED (REGISTERED NUMBER: 03462150)

BALANCE SHEET
31 DECEMBER 2017

31.12.17 30.11.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 21,629 35,312
21,629 35,312

CURRENT ASSETS
Stocks 101,133 111,067
Debtors 6 297,010 1,041,876
Investments 7 27,100 25,300
Cash at bank and in hand 402,935 279,655
828,178 1,457,898
CREDITORS
Amounts falling due within one year 8 557,667 1,212,407
NET CURRENT ASSETS 270,511 245,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

292,140

280,803

PROVISIONS FOR LIABILITIES 4,474 7,062
NET ASSETS 287,666 273,741

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 286,666 272,741
SHAREHOLDERS' FUNDS 287,666 273,741

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

C-WAYS LIMITED (REGISTERED NUMBER: 03462150)

BALANCE SHEET - continued
31 DECEMBER 2017


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 7 February 2018and were signed on its behalf by:





A M Jackson- Director


C-WAYS LIMITED (REGISTERED NUMBER: 03462150)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2016 TO 31 DECEMBER 2017

1. STATUTORY INFORMATION

C-Ways Limited 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.

The company has adopted FRS 102 1A for small entities in these financial statements, however, due to the nature
of the company's trade, assets and liabilities, there are no transitional adjustments.

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 and is derived from IT services.

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.

Taxation
Taxation for the period 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 period 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.

C-WAYS LIMITED (REGISTERED NUMBER: 03462150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2016 TO 31 DECEMBER 2017

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 27(2016 - 27) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2016
and 31 December 2017 13,000
AMORTISATION
At 1 December 2016
and 31 December 2017 13,000
NET BOOK VALUE
At 31 December 2017 -
At 30 November 2016 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2016 5,405 119,829 125,234
Additions - 2,651 2,651
At 31 December 2017 5,405 122,480 127,885
DEPRECIATION
At 1 December 2016 4,093 85,829 89,922
Charge for period - 16,334 16,334
At 31 December 2017 4,093 102,163 106,256
NET BOOK VALUE
At 31 December 2017 1,312 20,317 21,629
At 30 November 2016 1,312 34,000 35,312

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 30.11.16
£    £   
Trade debtors 245,119 485,406
Other debtors 51,891 556,470
297,010 1,041,876

C-WAYS LIMITED (REGISTERED NUMBER: 03462150)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2016 TO 31 DECEMBER 2017

7. CURRENT ASSET INVESTMENTS
31.12.17 30.11.16
£    £   
Listed investments 27,100 25,300

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 30.11.16
£    £   
Payments on account 365,628 320,885
Trade creditors 61,338 259,090
Taxation and social security 125,000 140,437
Other creditors 5,701 491,995
557,667 1,212,407

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.17 30.11.16
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. ULTIMATE CONTROLLING PARTY

The company is under the control of N S Jackson and A M Jackson.