Eway Europe Ltd

Eway Europe Ltd

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Registered number: 06093106
Eway Europe Ltd
Abbreviated accounts
For The Year Ended 30 June 2015
An Accounting Gem Ltd

Sapphire House,
Cristal Business Centre, Knightsdale Road
Ipswich
Suffolk
IP1 4JJ
Eway Europe Ltd
Company No. 06093106
Abbreviated Balance Sheet 30 June 2015
Abbreviated Balance Sheet
2015 2014
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 2 - 1,464
- 1,464
CURRENT ASSETS
Debtors 9,175 49,678
Cash at bank and in hand 19,198 9,239
28,373 58,917
Creditors: Amounts Falling Due Within One Year (62,986) (112,380)
NET CURRENT ASSETS (LIABILITIES) (34,613) (53,463)
TOTAL ASSETS LESS CURRENT LIABILITIES (34,613) (51,999)
NET ASSETS (34,613) (51,999)
CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and Loss Account (34,614) (52,000)
SHAREHOLDERS' FUNDS (34,613) (51,999)
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Eway Europe Ltd
Company No. 06093106
Abbreviated Balance Sheet (continued) 30 June 2015
For the year ending 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).
On behalf of the board
Mr Charles Holland
21st June 2016
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Eway Europe Ltd
Notes to the Abbreviated Accounts
For The Year Ended 30 June 2015
Notes to the Abbreviated Accounts
Accounting Policies
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Statement of Cash Flow
The company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 3 years straight line
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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Eway Europe Ltd
Notes to the Abbreviated Accounts (continued)
For The Year Ended 30 June 2015
Tangible Assets
Total
Cost £
As at 1 July 2014 11,814
As at 30 June 2015 11,814
Depreciation
As at 1 July 2014 10,350
Provided during the period 1,464
As at 30 June 2015 11,814
Net Book Value
As at 30 June 2015 -
As at 1 July 2014 1,464
Share Capital
Value Number 2015 2014
Allotted, called up and fully paid £ £ £
Ordinary shares 1.000 1 1 1
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