Redway Limited,Ltd - AccountsLtd - Accounts

Redway Limited,Ltd - AccountsLtd - Accounts

REDWAY LIMITED - Company Information

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2017-07-01 SC176464 2018-06-30 SC176464 2017-07-01 2018-06-30 SC176464 2017-06-30 SC176464 2016-07-01 2017-06-30 SC176464 uk-core:WithinOneYear 2017-06-30 SC176464 uk-core:WithinOneYear 2018-06-30 SC176464 uk-core:ShareCapital 2018-06-30 SC176464 uk-core:ShareCapital 2017-06-30 SC176464 uk-core:RetainedEarningsAccumulatedLosses 2018-06-30 SC176464 uk-core:RetainedEarningsAccumulatedLosses 2017-06-30 SC176464 uk-bus:Director1 2017-07-01 2018-06-30 SC176464 uk-core:ToolsEquipment 2017-07-01 2018-06-30 iso4217:GBP SC176464 uk-bus:AuditExemptWithAccountantsReport 2017-07-01 2018-06-30 SC176464 uk-bus:FRS102 2017-07-01 2018-06-30 SC176464 uk-bus:FullAccounts 2017-07-01 2018-06-30 SC176464 uk-bus:PrivateLimitedCompanyLtd 2017-07-01 2018-06-30
Redway Limited
Registered Number:SC176464
For the year ended 30 June 2018
Scotland
Unaudited Financial Statements
2
For the year ended 30 June 2018
Redway Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 June 2018
Redway Limited
Statement of Financial Position
Registered Number :
SC176464
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
856
1,141
2
856
1,141
Current assets
Trade and other receivables
8,202
8,202
3
81
Cash and cash equivalents
54
8,256
8,283
Trade and other payables: amounts falling due within one
year
(6,264)
(6,345)
4
2,019
1,911
Net current assets
Total assets less current liabilities
2,767
3,160
2,767
Net assets
3,160
Capital and reserves
Called up share capital
2
2
Retained earnings
2,765
3,158
2,767
3,160
Shareholders' funds
For the year ended 30 June 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Nicholas Robb Director
These financial statements were approved and authorised for issue by the Board on 13 January 2019 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 30 June 2018
Redway Limited
Notes to the Financial Statements
Statutory Information
Redway Limited is a private limited company, limited by shares, domiciled in Scotland, registration number SC176464.
Registered address:
5 Abercorn Grove
Edinburgh
EH8 7HS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer equipment
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Property, plant and equipment
Computer
equipment
£
Cost or
valuation
At 01 July 2017
3,210
At 30 June 2018
3,210
Provision for depreciation and impairment
At 01 July 2017
2,069
Charge for year
285
At 30 June 2018
2,354
At 30 June 2018
Net book value
856
At 30 June 2017
1,141
2 of 3
5
For the year ended 30 June 2018
Redway Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2017
2018
£
£
Other debtors
8,202
8,202
4. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Taxation and social security
-
5,014
Other creditors
6,345
1,250
6,345
6,264
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