REGISTERED NUMBER: 05017065 (England and Wales)

Report of the Director and

Audited Financial Statements for the Year Ended 31 December 2015

for

Yourway Transport Limited

Page

Company Information

1

Report of the Director

2

Report of the Independent Auditors

3

Income statement

5

Balance Sheet

6

Notes to the Financial Statements

7

DIRECTOR:

G Jaffer

SECRETARY:

M Jaffer

REGISTERED OFFICE:

8 Stoneyfield

Gerrards Cross

Buckinghamshire

SL9 7LU

BUSINESS ADDRESS:

2 Pulborough Way

Hounslow

Middlesex

TW4 6DE

REGISTERED NUMBER:

05017065 (England and Wales)

AUDITORS:

Merali's

Chartered Accountants & Statutory Auditors

Scottish Provident House

76-80 College Road

Harrow

Middlesex

HA1 1BQ

The director presents his report with the financial statements of the company for the year ended 31 December 2015.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the provision of time sensitive courier solutions.

DIRECTOR

G Jaffer held office during the whole of the period from 1 January 2015 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES

The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable

law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has

elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice

(United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial

statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or

loss of the company for that period. In preparing these financial statements, the director is required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's

transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure

that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the

company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006)

of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order

to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that

information.

AUDITORS

In the absence of a notice proposing that the appointment be terminated, the auditors, Merali's, are deemed to be reappointed

for the next financial year.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

G Jaffer - Director

20 October 2016

We have audited the financial statements of Yourway Transport Limited for the year ended 31 December 2015 on pages five

to nine. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom

Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard

102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies

Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required

to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept

or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this

report, or for the opinions we have formed.

Respective responsibilities of director and auditors

As explained more fully in the Statement of Director's Responsibilities set out on page two, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's Ethical Standards for Auditors.

Scope of the audit of the financial statements

An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give

reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This

includes an assessment of: whether the accounting policies are appropriate to the company's circumstances and have been

consistently applied and adequately disclosed; the reasonableness of significant accounting estimates made by the director;

and the overall presentation of the financial statements. In addition, we read all the financial and non-financial information in

the Report of the Director to identify material inconsistencies with the audited financial statements and to identify any

information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in

the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider

the implications for our report.

Opinion on financial statements

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 December 2015 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion the information given in the Report of the Director for the financial year for which the financial statements are

prepared is consistent with the financial statements.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in

our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of director's remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Director.

MPK Merali (Senior Statutory Auditor)

for and on behalf of Merali's

Chartered Accountants & Statutory Auditors

Scottish Provident House

76-80 College Road

Harrow

Middlesex

HA1 1BQ

20 October 2016

TURNOVER

11,837,183

8,898,765

Cost of sales

(4,512,747

)

(3,550,696

)

GROSS PROFIT

7,324,436

5,348,069

Administrative expenses

(1,064,161

)

(724,925

)

OPERATING PROFIT

4

6,260,275

4,623,144

Interest receivable and similar income

2,638

5,727

PROFIT BEFORE TAXATION

6,262,913

4,628,871

Tax on profit

(1,267,362

)

(993,436

)

PROFIT FOR THE FINANCIAL YEAR

4,995,551

3,635,435

FIXED ASSETS

Tangible assets

5

99,771

118,209

CURRENT ASSETS

Debtors: amounts falling due within one year

6

8,067,397

4,699,950

Prepayments and accrued income

188,681

73,093

Cash at bank and in hand

11,054,521

9,126,414

19,310,599

13,899,457

CREDITORS

Amounts falling due within one year

7

(1,487,268

)

(1,085,753

)

NET CURRENT ASSETS

17,823,331

12,813,704

TOTAL ASSETS LESS CURRENT LIABILITIES

17,923,102

12,931,913

PROVISIONS FOR LIABILITIES

(17,480

)

(21,842

)

NET ASSETS

17,905,622

12,910,071

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

17,905,522

12,909,971

SHAREHOLDERS' FUNDS

17,905,622

12,910,071

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

The financial statements were approved by the director on 20 October 2016 and were signed by:

G Jaffer - Director

1.	STATUTORY INFORMATION

Yourway Transport 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.

The financial reporting framework that has been applied in preparation of the financial statements is applicable law

and United Kingdom Standards (United Kingdom Generally Accepted Accounting Practice)

Turnover

Turnover represents net invoice value of the services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Straight line over 10 years

Plant and machinery etc

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Debtors

Debtors are stated at recoverable amounts.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 .

4.	OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31/12/15

31/12/14

£

£

Depreciation - owned assets

26,694

25,272

Auditors' remuneration

13,000

9,300

Foreign exchange differences

(33,409

)

(320,806

)

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2015

112,903

94,489

207,392

Additions

-

8,256

8,256

At 31 December 2015

112,903

102,745

215,648

DEPRECIATION

At 1 January 2015

22,580

66,603

89,183

Charge for year

11,290

15,404

26,694

At 31 December 2015

33,870

82,007

115,877

NET BOOK VALUE

At 31 December 2015

79,033

20,738

99,771

At 31 December 2014

90,323

27,886

118,209

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/15

31/12/14

£

£

Trade debtors

3,188,245

2,439,526

Amounts owed by group undertakings

4,790,000

2,212,950

Other debtors

89,152

47,474

8,067,397

4,699,950

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/15

31/12/14

£

£

Trade creditors

221,451

131,586

Taxation and social security

1,020,791

796,243

Other creditors

245,026

157,924

1,487,268

1,085,753

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/15

31/12/14

value:

£

£

100

Ordinary shares

£1.00

100

100

9.	RELATED PARTY DISCLOSURES

Debtors include an amount of £4,790,000 (2014: £2,212,950) receivable from Yourway Transport Inc. This balance

has resulted from the following transactions between Yourway Transport Ltd (UK) and Yourway Transport Inc (US):

2015

2014

£

£

UK sales received by US

753,376

674,237

US suppliers paid by UK

559,291

203,646

US sales received by UK

(100,706

)

(118,749

)

UK suppliers paid by US

(293,340

)

(169,108

)

Facilitation fees - charged by UK

1,658,429

0

Yourway Transport Inc, USA is a related party due to common control of Mr.G Jaffer.