Greenway Entertainment Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05004972

Unaudited Financial Statements

for the Year Ended 31 December 2018

for

Greenway Entertainment Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S M Smith

Mrs S Smith

SECRETARY:

Mr S M Smith

REGISTERED OFFICE:

Lancaster House

Sopwith Crescent

Shotgate

Wickford

Essex

SS11 8YU

REGISTERED NUMBER:

05004972

ACCOUNTANTS:

Macrays Accountants & Business Advisers

Lancaster House

Sopwith Crescent

Shotgate

Wickford

Essex

SS11 8YU

FIXED ASSETS

Tangible assets

4

6,276

8,042

CURRENT ASSETS

Debtors

8,012

-

Cash at bank

862

11,516

8,874

11,516

CREDITORS

Amounts falling due within one year

287,300

326,388

NET CURRENT LIABILITIES

(278,426

)

(314,872

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(272,150

)

(306,830

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5

(272,250

)

(306,930

)

SHAREHOLDERS' FUNDS

(272,150

)

(306,830

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 September 2019 and were signed on its behalf by:

Mr S M Smith - Director

1.	STATUTORY INFORMATION

Greenway Entertainment 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover 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.

Plant and machinery etc

-

25% on reducing balance

25% Written Down Value

Taxation

Taxation for the year 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2018

14,859

Additions

327

At 31 December 2018

15,186

DEPRECIATION

At 1 January 2018

6,817

Charge for year

2,093

At 31 December 2018

8,910

NET BOOK VALUE

At 31 December 2018

6,276

At 31 December 2017

8,042

5.

RESERVES

Retained

earnings

£

At 1 January 2018

(306,930

)

Profit for the year

34,680

At 31 December 2018

(272,250

)