Registered number
04462852
Easyway Credit Limited
Unaudited Filleted Accounts
30 June 2024
Easyway Credit Limited
Registered number: 04462852
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 109 145
Current assets
Debtors 4 18,737 18,490
Cash at bank and in hand 5,216 6,060
23,953 24,550
Creditors: amounts falling due within one year 5 (16,644) (17,266)
Net current assets 7,309 7,284
Net assets 7,418 7,429
Capital and reserves
Called up share capital 1 1
Profit and loss account 7,417 7,428
Shareholder's funds 7,418 7,429
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs P E England
Director
Approved by the board on 30 July 2024
Easyway Credit Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the interest chargeable to customers in respect of personal loans advanced.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% per annum on a reducing balance basis
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 363
At 30 June 2024 363
Depreciation
At 1 July 2023 218
Charge for the year 36
At 30 June 2024 254
Net book value
At 30 June 2024 109
At 30 June 2023 145
4 Debtors 2024 2023
£ £
Trade debtors 18,737 18,490
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 1,179 812
Other creditors 15,465 16,454
16,644 17,266
6 Related party transactions
The amount owing by the company on loan account to Mrs P E England, company director, at 30 June 2024 was £14,345 (2023: £15,351). Interest is not chargeable on this account and there is no fixed date for repayment.
7 Controlling party
The company is controlled by Mrs P E England, the company's sole shareholder.
8 Other information
Easyway Credit Limited is a private company limited by shares and incorporated in England. Its registered office is:
21 Trent View Gardens
Radcliffe-on-Trent
Nottingham
NG12 1AY
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