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Company Registration No. 11176717 (England and Wales)
NIEUWAY LIMITED Unaudited accounts for the year ended 31 January 2023
NIEUWAY LIMITED Unaudited accounts Contents
Page
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NIEUWAY LIMITED Company Information for the year ended 31 January 2023
Directors
Darren Skey Kashia Wolf-Christensen
Company Number
11176717 (England and Wales)
Registered Office
3 BUCKSTONE CLOSE LONDON SE23 3QT ENGLAND
Accountants
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY
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NIEUWAY LIMITED Accountants' report
Accountants' report to the board of directors of NIEUWAY LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of NIEUWAY LIMITED for the year ended 31 January 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of NIEUWAY LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of NIEUWAY LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NIEUWAY LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that NIEUWAY LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of NIEUWAY LIMITED. You consider that NIEUWAY LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of NIEUWAY LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3 The Hop Exchange 24 Southwark Street London SE1 1TY 19 June 2023
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NIEUWAY LIMITED Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,629 
859 
Current assets
Debtors
44,258 
39,718 
Cash at bank and in hand
44,217 
15,498 
88,475 
55,216 
Creditors: amounts falling due within one year
(45,455)
(35,390)
Net current assets
43,020 
19,826 
Total assets less current liabilities
46,649 
20,685 
Creditors: amounts falling due after more than one year
(17,046)
(19,764)
Net assets
29,603 
921 
Capital and reserves
Called up share capital
2 
1 
Profit and loss account
29,601 
920 
Shareholders' funds
29,603 
921 
For the year ending 31 January 2023 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by
Darren Skey Director Company Registration No. 11176717
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NIEUWAY LIMITED Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
NIEUWAY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11176717. The registered office is 3 BUCKSTONE CLOSE, LONDON, SE23 3QT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 January 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
5 years straight line basis
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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NIEUWAY LIMITED Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2022
1,272 
Additions
3,686 
At 31 January 2023
4,958 
Depreciation
At 1 February 2022
413 
Charge for the year
916 
At 31 January 2023
1,329 
Net book value
At 31 January 2023
3,629 
At 31 January 2022
859 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
38,469 
7,989 
Other debtors
5,789 
31,729 
44,258 
39,718 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,325 
3,384 
VAT
1,527 
1,379 
Trade creditors
303 
(84)
Taxes and social security
40,300 
18,857 
Other creditors
- 
11,854 
45,455 
35,390 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,046 
19,764 
8
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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