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REGISTERED NUMBER: 12376370 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

This Way Up Online Limited

This Way Up Online Limited (Registered number: 12376370)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

This Way Up Online Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Z Cajee
Vandelay Industries (Import Export) Limi





REGISTERED OFFICE: Room 2, 1st Floor
7 Blighs Walk
Sevenoaks
Kent
TN13 1DB





REGISTERED NUMBER: 12376370 (England and Wales)





ACCOUNTANTS: Amherst Accountancy
Room 2
1st Floor
7 Bligh's Walk
Sevenoaks
Kent
TN13 1DB

This Way Up Online Limited (Registered number: 12376370)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,409 -
Tangible assets 5 2,508 3,258
Investments 6 667 -
4,584 3,258

CURRENT ASSETS
Debtors 7 25,092 99,679
Cash at bank 20,336 4,615
45,428 104,294
CREDITORS
Amounts falling due within one year 8 205,729 151,923
NET CURRENT LIABILITIES (160,301 ) (47,629 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(155,717

)

(44,371

)

CREDITORS
Amounts falling due after more than one
year

9

12,382

19,578
NET LIABILITIES (168,099 ) (63,949 )

This Way Up Online Limited (Registered number: 12376370)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (168,101 ) (63,951 )
SHAREHOLDERS' FUNDS (168,099 ) (63,949 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





Z Cajee - Director


This Way Up Online Limited (Registered number: 12376370)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

This Way Up Online 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
As at the balance sheet date, the company was showing a negative balance sheet position. However, the accounts have been prepared on a going concern basis as trading has significantly improved in the current accounting year and this has enabled both outstanding and current liabilities to be settled to bring the company into a better financial position. The directors know of no reason why this should not continue to be the case.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


This Way Up Online Limited (Registered number: 12376370)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 1,427
At 31 March 2024 1,427
AMORTISATION
Charge for year 18
At 31 March 2024 18
NET BOOK VALUE
At 31 March 2024 1,409

This Way Up Online Limited (Registered number: 12376370)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 4,589
Additions 411
At 31 March 2024 5,000
DEPRECIATION
At 1 April 2023 1,331
Charge for year 1,161
At 31 March 2024 2,492
NET BOOK VALUE
At 31 March 2024 2,508
At 31 March 2023 3,258

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
Additions 667
At 31 March 2024 667
NET BOOK VALUE
At 31 March 2024 667

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 11,234 55,054
Other debtors 13,858 44,625
25,092 99,679

This Way Up Online Limited (Registered number: 12376370)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 7,577 7,297
Trade creditors 11,308 20,390
Taxation and social security 157,597 100,882
Other creditors 29,247 23,354
205,729 151,923

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,382 19,578

10. RELATED PARTY DISCLOSURES

At the company year end, an amount of £1,473 (2023 £5,670 owed to) was owed by Z Cajee, a director of this company. This amount is interest-free and was repaid in 2024.

At the company year end, an amount of £15,587 (2023 £15,587) was due to Vandelay Industries (Import Export) Limited, a director of this company. This amount is interest-free and repayable on demand.

At the company year end, an amount of £0 (2023 £33,334) was owed by Crumpet and Ru Limited, a company owned by This Way Up Online Limited.

This Way Up Online Limited

Report of the Accountants to the Directors of
This Way Up Online Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Amherst Accountancy
Room 2
1st Floor
7 Bligh's Walk
Sevenoaks
Kent
TN13 1DB


Date: .............................................