Abbreviated Company Accounts - NEW WAY SOLAR ENERGY LIMITED

NEW WAY SOLAR ENERGY LIMITED - Company Information

07271074 NEW WAY SOLAR ENERGY LIMITED 2014-06-30 false 2013-07-01 2014-06-30 true 07271074 2013-07-01 2014-06-30 07271074 2014-06-30 07271074 2013-06-30 07271074 uk-gaap-cd-bus:Director1 2013-07-01 2014-06-30 07271074 uk-gaap-cd-bus:Director2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 iso4217:GBP shares

Registered Number 07271074

NEW WAY SOLAR ENERGY LIMITED

Abbreviated Accounts

30 June 2014

NEW WAY SOLAR ENERGY LIMITED Registered Number 07271074

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	7,893	10,524
		7,893	10,524
Current assets
Stocks		9,389	-
Debtors		29,189	13,738
Cash at bank and in hand		-	12,193
		38,578	25,931
Creditors: amounts falling due within one year		(12,169)	(7,638)
Net current assets (liabilities)		26,409	18,293
Total assets less current liabilities		34,302	28,817
Creditors: amounts falling due after more than one year		(5,083)	(7,807)
Total net assets (liabilities)		29,219	21,010
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		29,217	21,008
Shareholders' funds		29,219	21,010

For the year ending 30 June 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 March 2015

And signed on their behalf by:
C Hughes, Director

NEW WAY SOLAR ENERGY LIMITED Registered Number 07271074

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Motor vehicles 25% reducing balance

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value.

Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

2Tangible fixed assets

	£
Cost
At 1 July 2013	19,209
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	19,209
Depreciation
At 1 July 2013	8,685
Charge for the year	2,631
On disposals	-
At 30 June 2014	11,316
Net book values
At 30 June 2014	7,893
At 30 June 2013	10,524

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2