NO_WAY_LIMITED - Accounts

NO WAY LIMITED - Company Information

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Company Registration No. 07749282 (England and Wales)

NO WAY LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2015

NO WAY LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

NO WAY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

3,213

5,242

Tangible assets

9,124

8,653

12,337

13,895

Current assets

Stocks

31,793

30,453

Debtors

5,146

5,404

Cash at bank and in hand

1,536

1,289

38,475

37,146

Creditors: amounts falling due within one year

(45,309)

(41,341)

Net current liabilities

(6,834)

(4,195)

Total assets less current liabilities

5,503

9,700

Creditors: amounts falling due after more than one year

(4,584)

(9,584)

919

116

Capital and reserves

Called up share capital

100

Profit and loss account

819

Shareholders' funds

919

116

NO WAY LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JANUARY 2015

- 2 -

For the financial year ended 31 January 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 September 2015

J C Keeley

Director

Company Registration No. 07749282

NO WAY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% reducing balance

NO WAY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 February 2014

10,145

15,865

26,010

Additions

3,512

At 31 January 2015

10,145

19,377

29,522

Depreciation

At 1 February 2014

4,903

7,212

12,115

Charge for the period

2,029

3,041

5,070

At 31 January 2015

6,932

10,253

17,185

Net book value

At 31 January 2015

3,213

9,124

12,337

At 31 January 2014

5,242

8,653

13,895

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100