Abbreviated Company Accounts - SHIELDWAY LTD

03974180 SHIELDWAY LTD 2016-04-29 false 2015-04-30 2016-04-29 true 03974180 2015-04-30 2016-04-29 03974180 2016-04-29 03974180 2015-04-29 03974180 uk-gaap-cd-bus:Director1 2015-04-30 2016-04-29 03974180 uk-gaap-cd-bus:Director2 2015-04-30 2016-04-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 2016-04-29 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-29 iso4217:GBP shares

Registered Number 03974180

SHIELDWAY LTD

Abbreviated Accounts

29 April 2016

SHIELDWAY LTD Registered Number 03974180

Abbreviated Balance Sheet as at 29 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,212,344	1,194,363
		1,212,344	1,194,363
Current assets
Debtors		142,000	142,000
Cash at bank and in hand		5,859	-
		147,859	142,000
Creditors: amounts falling due within one year	3	(242,252)	(249,567)
Net current assets (liabilities)		(94,393)	(107,567)
Total assets less current liabilities		1,117,951	1,086,796
Creditors: amounts falling due after more than one year	3	(634,791)	(597,594)
Total net assets (liabilities)		483,160	489,202
Capital and reserves
Called up share capital	4	1	1
Revaluation reserve		471,879	471,879
Profit and loss account		11,280	17,322
Shareholders' funds		483,160	489,202

For the year ending 29 April 2016 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 27 January 2017

And signed on their behalf by:
J Spitzer, Director

SHIELDWAY LTD Registered Number 03974180

Notes to the Abbreviated Accounts for the period ended 29 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents rents and similar charges exclusive of VAT.

Other accounting policies
Investment properties
In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) no depreciation is provided in respect of freehold properties or leasehold properties with more than 20 years remaining as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. The directors consider that this policy results in the accounts giving a true and fair view.

2Tangible fixed assets

	£
Cost
At 30 April 2015	1,194,363
Additions	17,981
Disposals	-
Revaluations	-
Transfers	-
At 29 April 2016	1,212,344
Depreciation
At 30 April 2015	-
Charge for the year	-
On disposals	-
At 29 April 2016	-
Net book values
At 29 April 2016	1,212,344
At 29 April 2015	1,194,363

3Creditors

	2016 £	2015 £
Secured Debts	653,791	611,744
Instalment debts due after 5 years	558,791	540,994

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1