New Way International Ltd in Feltham, TW14 0TW

Description

Data updated on: 01-11-2023

The New Way International Ltd business has been operating on the market for twenty one years, as it's been founded in 2003. Registered with number 04820501, New Way International is a Private Limited Company with office in Britannia House, Feltham TW14 0TW. seventeen years ago this business changed its name from Tera Import And Export to New Way International Ltd. This enterprise's SIC and NACE codes are 46520 - Wholesale of electronic and telecommunications equipment and parts. New Way International Limited reported its latest accounts for the period that ended on 2022-03-31. The business most recent confirmation statement was released on 2023-07-03.

New Way International Ltd is a small-sized vehicle operator with the licence number OK1088430. The firm has one transport operating centre in the country. In their subsidiary in Feltham on Pier Road, 1 machine is available.

Having two job advertisements since 2016-08-22, the firm has been active on the labour market. On 2017-07-07, it was seeking job candidates for a Digital Marketing Manager post in Feltham, and on 2016-08-22, for the vacant post of a Sales Executive in Feltham.

According to the latest update, we have a single managing director in the company: Nigel P. (since 2015-01-13). The following business had been overseen by Ellis W. up until 2015-01-13. What is more another director, namely Mandeep S. quit 18 years ago.

Previous company's names
New Way International Ltd 2007-05-31
Tera Import And Export Limited 2003-07-03

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-03-31	2020-03-31	2021-03-31	2022-03-31	2023-03-31
Currency

Balance Sheet
Cash Bank On Hand	623 473	1 319 307	432 174	178 283	1 271 527
Current Assets	17 084 471	20 566 760	25 415 123	18 101 600	17 516 331
Debtors	8 414 227	9 463 354	11 893 953	14 311 867	7 272 380
Net Assets Liabilities			5 263 616	5 551 454	7 887 514
Other Debtors	12 785	12 785		-10 896	-967
Property Plant Equipment	132 015	100 739	64 697	91 753	70 103
Total Inventories	8 046 771	9 784 099	13 088 996	3 611 450

Other Financial Data
Accrued Liabilities Deferred Income	25 000	13 066	344 080	126 889	25 000
Accumulated Depreciation Impairment Property Plant Equipment	432 024	350 929	295 640	324 898	348 298
Additions Other Than Through Business Combinations Property Plant Equipment		17 417	4 001	56 314	1 750
Administrative Expenses			1 525 983	2 859 374	2 518 206
Average Number Employees During Period	38	40	51	55	54
Bank Borrowings Overdrafts				304	2 057
Bank Overdrafts				304	2 057
Cash Cash Equivalents	623 473	1 319 307	432 174	1 099 927	2 733 713
Cash Cash Equivalents Cash Flow Value			432 174	177 979	1 271 527
Cash Flows From Disposal Or Reduction In Control Over Subsidiaries Or Other Businesses	-100			-2
Comprehensive Income Expense			2 873 693	741 559	2 447 202
Corporation Tax Payable				106 942	676 951
Cost Sales			106 864 924	134 779 583	81 167 741
Creditors	15 202 657	18 071 083	20 231 594	12 639 894	9 700 771
Current Tax For Period				192 787	590 693
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period				11 645
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences				17 393	-3 856
Distribution Costs			545 359	547 188	601 168
Dividends Paid Classified As Financing Activities	-275 000	-575 000	-200 000	-200 000	-50 000
Dividends Paid To Owners Parent Classified As Financing Activities			-200 000	-200 000	-50 000
Dividends Received Classified As Investing Activities	-7 163
Finished Goods Goods For Resale	8 046 771	9 784 099	13 088 996	3 611 450	8 972 424
Fixed Assets	147 405	116 129	80 087	107 141	85 491
Further Item Tax Increase Decrease Component Adjusting Items			2 457
Gain Loss Due To Foreign Exchange Differences Before Tax In Other Comprehensive Income			55	-1 089	-48 994
Gain Loss On Disposals Property Plant Equipment			-17 473
Government Grant Income			236 039	72 147
Impairment Loss Reversal On Investments				2
Income Taxes Paid Refund Classified As Operating Activities			-567		2 017
Increase Decrease In Cash Cash Equivalents From Foreign Exchange Differences			55	-1 090	-48 994
Increase Decrease In Current Tax From Adjustment For Prior Periods					-9 550
Increase From Depreciation Charge For Year Property Plant Equipment		48 693	22 570	29 258	23 400
Interest Expense On Bank Overdrafts Bank Loans Similar Borrowings			670	273
Interest Income On Bank Deposits				-1 002	-907
Interest Paid Classified As Operating Activities			-670	-273	-75
Interest Payable Similar Charges Finance Costs		1 610	670	273	75
Interest Received Classified As Investing Activities	-55			1 002	-53 590
Investments Fixed Assets	15 390	15 390	15 390	15 388	15 388
Investments In Subsidiaries	15 390	15 390	15 390	15 388	15 388
Loss Gain From Write-downs Reversals Inventories			12 402	699 392
Net Cash Generated From Operations			860 345	-2 392	-1 089 766
Net Current Assets Liabilities	1 881 814	2 495 677	5 183 529
Net Finance Income Costs	7 218			-1 002	53 590
Other Creditors	115 932	79 483	113 863	215 122	119 496
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment		129 788	77 859
Other Disposals Property Plant Equipment		129 788	95 332
Other Interest Receivable Similar Income Finance Income				-1 002	-2 924
Pension Other Post-employment Benefit Costs Other Pension Costs	14 670	26 072	24 997	29 265	29 149
Percentage Class Share Held In Subsidiary		100	100	100	100
Prepayments Accrued Income	27 193	35 542	47 276	45 489	35 014
Proceeds From Sales Other Long-term Assets Classified As Investing Activities				2
Profit Loss	-726 012	1 157 587	2 851 810	487 838	2 386 060
Property Plant Equipment Gross Cost	564 039	451 668	360 337	416 651	418 401
Purchase Property Plant Equipment		-17 417	-4 001	-56 314	-1 750
Social Security Costs	127 227	150 652	148 681	133 876
Staff Costs Employee Benefits Expense	1 383 401	1 606 475	1 934 426	1 697 999	1 719 447
Taxation Including Deferred Taxation Balance Sheet Subtotal				17 393	13 537
Tax Decrease From Utilisation Tax Losses			550 397	2 893
Tax Increase Decrease From Effect Capital Allowances Depreciation				-3 210	-131
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss			1 949	2 480	5 929
Tax Increase Decrease From Effect Foreign Tax Rates				23 165	-9 309
Tax Tax Credit On Profit Or Loss On Ordinary Activities	-188	-188		124 335	564 136
Total Assets Less Current Liabilities	2 029 219	2 611 806	5 263 616
Total Current Tax Expense Credit				192 787	581 143
Trade Creditors Trade Payables	14 920 677	17 591 332	19 664 496	12 425 831	8 725 477
Trade Debtors Trade Receivables	8 311 489	9 156 723	10 713 564	12 654 758	6 106 742
Turnover Revenue			111 574 535	139 068 103
Wages Salaries	1 241 504	1 429 751	1 760 748	1 534 858	1 523 294

Company staff

Nigel P.

Role: Director

Appointed: 13 January 2015

Latest update: 21 April 2024

Rupinder S.

Role: Secretary

Appointed: 15 February 2007

Resigned: 24 January 2023

Latest update: 21 April 2024

Ellis W.

Role: Director

Appointed: 22 April 2006

Resigned: 13 January 2015

Latest update: 21 April 2024

Company Directors Limited

Role: Corporate Nominee Director

Appointed: 03 July 2003

Resigned: 03 July 2003

Address: London, NW11 7TJ

Latest update: 21 April 2024

Temple Secretaries Limited

Role: Corporate Nominee Secretary

Appointed: 03 July 2003

Resigned: 03 July 2003

Address: London, NW11 7TJ

Latest update: 21 April 2024

Jaspal K.

Role: Secretary

Appointed: 03 July 2003

Resigned: 15 February 2007

Latest update: 21 April 2024

Mandeep S.

Role: Director

Appointed: 03 July 2003

Resigned: 22 April 2006

Latest update: 21 April 2024

People with significant control

Mandeep S. is the individual who controls this firm, has substantial control or influence over the company, owns over 3/4 of company shares and has 3/4 to full of voting rights.

Mandeep S.

Notified on 6 April 2016

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

right to manage directors

substantial control or influence

Accounts Documents

Account next due date	31 December 2023
Account last made up date	31 March 2022
Confirmation statement next due date	17 July 2024
Confirmation statement last made up date	03 July 2023

Annual Accounts
Start Date For Period Covered By Report	2019-04-01
End Date For Period Covered By Report	2020-03-31
Annual Accounts
Start Date For Period Covered By Report	2020-04-01
End Date For Period Covered By Report	2021-03-31
Annual Accounts
Start Date For Period Covered By Report	2021-04-01
End Date For Period Covered By Report	2022-03-31
Annual Accounts
Start Date For Period Covered By Report	2022-04-01
End Date For Period Covered By Report	2023-03-31

Digital Marketing Manager in Feltham, posted on Friday 7th July 2017
Region / City	Feltham
Salary	From £25000.00 to £30000.00 per year
Job type	permanent
Expiration date	Saturday 19th August 2017


Sales Executive in Feltham, posted on Monday 22nd August 2016
Region / City	Feltham
Salary	£18000.00 per year
Job type	permanent
Expiration date	Tuesday 4th October 2016

Digital Marketing Manager in Feltham, posted on Friday 7th July 2017

Region / City

Feltham

Salary

From £25000.00 to £30000.00 per year

Job type

permanent

Expiration date

Saturday 19th August 2017

Sales Executive in Feltham, posted on Monday 22nd August 2016

Region / City

Feltham

Salary

£18000.00 per year

Job type

permanent

Expiration date

Tuesday 4th October 2016

New Way International Ltd

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Nigel P.

Rupinder S.

Ellis W.

Company Directors Limited

Temple Secretaries Limited

Jaspal K.

Mandeep S.

People with significant control

Mandeep S.

Accounts Documents

Company Vehicle Operator Data

Britannia House

Address

City

Postal code

No. of Vehicles

Jobs and Vacancies at New Way International Limited

Company filings

Filing category

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