TRIWAY_LIMITED - Accounts

TRIWAY LTD - Company Information

Print Friendly Version

Company Registration No. 05694943 (England and Wales)

TRIWAY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

TRIWAY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

TRIWAY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

207,824

210,330

Current assets

Stocks

19,636

23,620

Debtors

12,541

15,649

Cash at bank and in hand

69,356

40,770

101,533

80,039

Creditors: amounts falling due within one year

(285,909)

(275,955)

Net current liabilities

(184,376)

(195,916)

Total assets less current liabilities

23,448

14,414

Capital and reserves

Called up share capital

Profit and loss account

23,447

14,413

Shareholders' funds

23,448

14,414

For the financial year ended 30 November 2016 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 her 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 22 August 2017

Mrs S Armstrong

Director

Company Registration No. 05694943

TRIWAY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 2 -

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 January 2015).

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 fuel and other forecourt services net of VAT.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land 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:

Land and buildings freehold

2% straight line

Plant and machinery

25% straight line

Fixtures, fittings and equipment

25% straight line

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

TRIWAY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 December 2015

255,635

Additions

7,702

At 30 November 2016

263,337

Depreciation

At 1 December 2015

45,305

Charge for the year

10,208

At 30 November 2016

55,513

Net book value

At 30 November 2016

207,824

At 30 November 2015

210,330

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary share of £1 each