IRIS Accounts Production v24.3.0.553 06578110 director 1.10.23 30.9.24 30.9.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065781102023-09-30065781102024-09-30065781102023-10-012024-09-30065781102022-09-30065781102022-10-012023-09-30065781102023-09-3006578110ns15:EnglandWales2023-10-012024-09-3006578110ns14:PoundSterling2023-10-012024-09-3006578110ns10:Director12023-10-012024-09-3006578110ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3006578110ns10:SmallEntities2023-10-012024-09-3006578110ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3006578110ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3006578110ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3006578110ns10:FullAccounts2023-10-012024-09-3006578110ns10:RegisteredOffice2023-10-012024-09-3006578110ns5:CurrentFinancialInstruments2024-09-3006578110ns5:CurrentFinancialInstruments2023-09-3006578110ns5:ShareCapital2024-09-3006578110ns5:ShareCapital2023-09-3006578110ns5:RevaluationReserve2024-09-3006578110ns5:RevaluationReserve2023-09-3006578110ns5:RetainedEarningsAccumulatedLosses2024-09-3006578110ns5:RetainedEarningsAccumulatedLosses2023-09-3006578110ns5:FurnitureFittings2023-10-012024-09-3006578110ns5:ComputerEquipment2023-10-012024-09-3006578110ns5:FurnitureFittings2023-09-3006578110ns5:ComputerEquipment2023-09-3006578110ns5:FurnitureFittings2024-09-3006578110ns5:ComputerEquipment2024-09-3006578110ns5:FurnitureFittings2023-09-3006578110ns5:ComputerEquipment2023-09-3006578110ns5:CostValuation2023-09-3006578110ns5:AdditionsToInvestments2024-09-3006578110ns5:RevaluationsIncreaseDecreaseInInvestments2024-09-3006578110ns5:CostValuation2024-09-3006578110ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3006578110ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3006578110ns5:RevaluationReserve2023-09-30
REGISTERED NUMBER: 06578110 (England and Wales)


















WAY 10 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






WAY 10 LIMITED (REGISTERED NUMBER: 06578110)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WAY 10 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Lal Tawney





REGISTERED OFFICE: Sovereign House
15 Towcester Road
Old Stratford
Milton Keynes
MK19 6AN





REGISTERED NUMBER: 06578110 (England and Wales)





ACCOUNTANTS: Thompson Balch Limited
Chartered Accountants
Sovereign House
15 Towcester Road
Old Stratford
Milton Keynes
MK19 6AN

WAY 10 LIMITED (REGISTERED NUMBER: 06578110)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 28,294 23,134
28,294 23,134

CURRENT ASSETS
Debtors 6 2,629 2,629
Cash at bank and in hand 427,420 419,991
430,049 422,620
CREDITORS
Amounts falling due within one year 7 2,597 901
NET CURRENT ASSETS 427,452 421,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

455,746

444,853

CAPITAL AND RESERVES
Called up, fully paid share
capital 2 2
Revaluation reserve 8 6,729 2,705
Retained earnings 449,015 442,146
SHAREHOLDERS' FUNDS 455,746 444,853

WAY 10 LIMITED (REGISTERED NUMBER: 06578110)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 February 2025 and were signed by:





Lal Tawney - Director


WAY 10 LIMITED (REGISTERED NUMBER: 06578110)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Way 10 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Other assets - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

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.

Valuation of investments
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

WAY 10 LIMITED (REGISTERED NUMBER: 06578110)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Other Computer
assets equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 874 1,727 2,601
DEPRECIATION
At 1 October 2023
and 30 September 2024 874 1,727 2,601
NET BOOK VALUE
At 30 September 2024 - - -
At 30 September 2023 - - -

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST OR VALUATION
At 1 October 2023 23,134
Additions 477
Revaluations 4,683
At 30 September 2024 28,294
NET BOOK VALUE
At 30 September 2024 28,294
At 30 September 2023 23,134


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,629 2,629

WAY 10 LIMITED (REGISTERED NUMBER: 06578110)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 282 -
Taxation and social security 1,415 -
Other creditors 900 901
2,597 901

8. RESERVES
Revaluatio
reserve
£   
At 1 October 2023 2,705
Gain/(loss) on revaluation 4,024

At 30 September 2024 6,729

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the director owed the company £2,629 (2023: £2629).