Registered number
08777420
Another Way Associates Ltd
Filleted Accounts
31 May 2024
Another Way Associates Ltd
Registered number: 08777420
Balance Sheet
as at 31 May 2024
Notes 2024 2022
£ £
Fixed assets
Tangible assets 3 - 2,778
Current assets
Debtors 4 - 3,037
Cash at bank and in hand 3,136 13,583
3,136 16,620
Creditors: amounts falling due within one year 5 (284,532) (205,400)
Net current liabilities (281,396) (188,780)
Total assets less current liabilities (281,396) (186,002)
Net liabilities (281,396) (186,002)
Capital and reserves
Called up share capital 1 1
Profit and loss account (281,397) (186,003)
Shareholder's funds (281,396) (186,002)
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.
Ms A Kothari
Director
Approved by the board on 10 September 2024
Another Way Associates Ltd
Notes to the Accounts
for the period from 1 December 2022 to 31 May 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 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 rendering of services. 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.
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:
Computer equipment 33% on cost and
Fixtures and fittings 20% on reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2022
Number Number
Average number of persons employed by the company (including directors) 2 2
3 Tangible fixed assets
Land and buildings Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 1 December 2022 - 6,736 11,350 18,086
Additions - - 1,190 1,190
Disposals - (6,736) (12,540) (19,276)
At 31 May 2024 - - - -
Depreciation
At 1 December 2022 - 5,343 9,965 15,308
Charge for the period - 420 1,376 1,796
On disposals - (5,763) (11,341) (17,104)
At 31 May 2024 - - - -
Net book value
At 31 May 2024 - - - -
At 30 November 2022 - 1,393 1,385 2,778
4 Debtors 2024 2022
£ £
Trade debtors - 1,080
Other debtors - 1,957
- 3,037
5 Creditors: amounts falling due within one year 2024 2022
£ £
Trade creditors 916 4,281
Taxation and social security costs 102 2,098
Other creditors 283,514 199,021
284,532 205,400
6 Related party transactions
During the year, additional loans were made to the company by the director. At the period end, the balance owed to the director amounted to £279,359 (2022: £197,613). These loans are unsecured, bear no interest and have no fixed repayment term.

Unless otherwise stated, all transactions with related parties are conducted under normal market conditions.
7 Other information
Another Way Associates Ltd is a private company limited by shares and incorporated in England. Its registered office is:
74 Macrae Road
Pill
Bristol
BS20 0DD
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