Vicway Limited - Accounts to registrar - small 17.2

Vicway Limited - Accounts to registrar - small 17.2

VICWAY LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v17.2.1.52 01229241 Board of Directors 1.1.16 31.12.16 31.12.16 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure012292412015-12-31012292412016-12-31012292412016-01-012016-12-31012292412014-12-31012292412015-01-012015-12-31012292412015-12-3101229241ns15:EnglandWales2016-01-012016-12-3101229241ns14:PoundSterling2016-01-012016-12-3101229241ns10:Director12016-01-012016-12-3101229241ns10:PrivateLimitedCompanyLtd2016-01-012016-12-3101229241ns10:SmallEntities2016-01-012016-12-3101229241ns10:AuditExempt-NoAccountantsReport2016-01-012016-12-3101229241ns10:SmallCompaniesRegimeForDirectorsReport2016-01-012016-12-3101229241ns10:SmallCompaniesRegimeForAccounts2016-01-012016-12-3101229241ns10:FullAccounts2016-01-012016-12-3101229241ns10:Director22016-01-012016-12-3101229241ns10:Director32016-01-012016-12-3101229241ns10:CompanySecretary12016-01-012016-12-3101229241ns10:RegisteredOffice2016-01-012016-12-3101229241ns5:CurrentFinancialInstruments2016-12-3101229241ns5:CurrentFinancialInstruments2015-12-3101229241ns5:ShareCapital2016-12-3101229241ns5:ShareCapital2015-12-3101229241ns5:RetainedEarningsAccumulatedLosses2016-12-3101229241ns5:RetainedEarningsAccumulatedLosses2015-12-3101229241ns5:LandBuildingsns5:OwnedOrFreeholdAssets2016-01-012016-12-3101229241ns5:FurnitureFittings2016-01-012016-12-3101229241ns5:LandBuildings2015-12-3101229241ns5:FurnitureFittings2015-12-3101229241ns5:LandBuildings2016-01-012016-12-3101229241ns5:LandBuildings2016-12-3101229241ns5:FurnitureFittings2016-12-3101229241ns5:LandBuildings2015-12-3101229241ns5:FurnitureFittings2015-12-3101229241ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-12-3101229241ns5:CurrentFinancialInstrumentsns5:WithinOneYear2015-12-31


REGISTERED NUMBER: 01229241 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2016

FOR

VICWAY LIMITED

VICWAY LIMITED (REGISTERED NUMBER: 01229241)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VICWAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2016







DIRECTORS: R R Mehta
Mrs V R Mehta
P R Mehta





SECRETARY: Mrs V R Mehta





REGISTERED OFFICE: 3 Moulton Street
off Bury New Road
Manchester
M8 8FQ





REGISTERED NUMBER: 01229241 (England and Wales)





ACCOUNTANT: DBF Associates
Chartered Accountants
10 Park Place
Manchester
Lancashire
M4 4EY
-1-
VICWAY LIMITED (REGISTERED NUMBER: 01229241)

BALANCE SHEET
31ST DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,628 45,966

CURRENT ASSETS
Stocks 37,315 41,675
Debtors 5 161,282 407,460
Cash at bank and in hand 2,848,556 2,698,699
3,047,153 3,147,834
CREDITORS
Amounts falling due within one year 6 215,183 479,383
NET CURRENT ASSETS 2,831,970 2,668,451
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,882,598
2,714,417

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,882,498 2,714,317
SHAREHOLDERS' FUNDS 2,882,598 2,714,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8th September 2017 and were signed on its behalf
by:





P R Mehta - Director


The notes form part of these financial statements

-2-
VICWAY LIMITED (REGISTERED NUMBER: 01229241)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2016

1. STATUTORY INFORMATION

Vicway Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred taxation
It is not necessary to provide for deferred taxation.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1st January 2016 60,700 3,410 64,110
Additions - 7,446 7,446
At 31st December 2016 60,700 10,856 71,556
DEPRECIATION
At 1st January 2016 14,749 3,395 18,144
Charge for year 919 1,865 2,784
At 31st December 2016 15,668 5,260 20,928
NET BOOK VALUE
At 31st December 2016 45,032 5,596 50,628
At 31st December 2015 45,951 15 45,966

-3- continued...
VICWAY LIMITED (REGISTERED NUMBER: 01229241)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2016

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 161,282 378,067
Other debtors - 29,393
161,282 407,460

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors 97,782 290,154
Tax 40,879 57,822
Social security and other taxes 1,098 1,124
VAT 9,556 3,930
Directors' current accounts 63,368 124,853
Accrued expenses 2,500 1,500
215,183 479,383

7. RELATED PARTY DISCLOSURES

Included in the "Creditors falling due within one year" is £63,368 due to the directors.

-4-