Abbreviated Company Accounts - SPACEWAY LTD.

03605387 SPACEWAY LTD. 2014-09-30 false 2013-08-01 2014-09-30 true 03605387 2013-08-01 2014-09-30 03605387 2014-09-30 03605387 2013-07-31 03605387 uk-gaap-cd-bus:Director1 2013-08-01 2014-09-30 03605387 uk-gaap-cd-bus:Director2 2013-08-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 iso4217:GBP shares

Registered Number 03605387

SPACEWAY LTD.

Abbreviated Accounts

30 September 2014

SPACEWAY LTD. Registered Number 03605387

Abbreviated Balance Sheet as at 30 September 2014

	Notes	30/09/2014	31/07/2013
		£	£
Fixed assets
Tangible assets	2	200,000	200,000
		200,000	200,000
Current assets
Stocks		60,400	90,600
Debtors		62,327	35,931
Cash at bank and in hand		4,239	4,931
		126,966	131,462
Creditors: amounts falling due within one year		(219,617)	(221,391)
Net current assets (liabilities)		(92,651)	(89,929)
Total assets less current liabilities		107,349	110,071
Total net assets (liabilities)		107,349	110,071
Capital and reserves
Called up share capital	3	1	1
Revaluation reserve		69,586	69,586
Profit and loss account		37,762	40,484
Shareholders' funds		107,349	110,071

For the year ending 30 September 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 June 2015

And signed on their behalf by:
Mrs J S Ford, Director

SPACEWAY LTD. Registered Number 03605387

Notes to the Abbreviated Accounts for the period ended 30 September 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Fixed Assets:
All fixed assets are initially recorded at cost

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Freehold Property - N/A Investment Property

Other accounting policies
Stocks
Stocks are valued at the lower of cost or net realisable value, after making due allowances for obsolete and slow moving items.

Financial Instruments:
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement, as either financial asset, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities.

2Tangible fixed assets

	£
Cost
At 1 August 2013	250,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	250,000
Depreciation
At 1 August 2013	50,000
Charge for the year	-
On disposals	-
At 30 September 2014	50,000
Net book values
At 30 September 2014	200,000
At 31 July 2013	200,000

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

	30/09/2014 £	31/07/2013 £
1 Ordinary shares of £1 each	1	1

Authorised share capital:
1,000 ordinary shares of £1 each