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Registered number: 07642684
Camway Resources Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 April 2024
Castle & Co
16-18 West Street
Rochford
SS4 1AJ
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 07642684
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,280 9,603
6,280 9,603
CURRENT ASSETS
Debtors 365,202 274,972
Cash at bank and in hand 5,163 10,261
370,365 285,233
Creditors: Amounts Falling Due Within One Year (179,712 ) (119,310 )
NET CURRENT ASSETS (LIABILITIES) 190,653 165,923
TOTAL ASSETS LESS CURRENT LIABILITIES 196,933 175,526
NET ASSETS 196,933 175,526
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account 196,932 175,525
SHAREHOLDERS' FUNDS 196,933 175,526
Page 1
Page 2
For the year ending 30 April 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Kevin Sneath
Director
28/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Camway Resources Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07642684 . The registered office is Fontaine House, Smallgains Lane, Stock Ingatestone, Essex, CM4 9PT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Plant & Machinery 20% Straight Line
Motor Vehicles 20% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Total
£
Cost
As at 1 May 2023 91,615
Additions 16,500
Disposals (16,500 )
As at 30 April 2024 91,615
Depreciation
As at 1 May 2023 82,012
Provided during the period 3,323
As at 30 April 2024 85,335
...CONTINUED
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Net Book Value
As at 30 April 2024 6,280
As at 1 May 2023 9,603
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4