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Company No: 07951688 (England and Wales)

WAY AHEAD LEISURE PURSUITS LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH THE REGISTRAR

WAY AHEAD LEISURE PURSUITS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025

Contents

WAY AHEAD LEISURE PURSUITS LTD

BALANCE SHEET

AS AT 31 MARCH 2025
WAY AHEAD LEISURE PURSUITS LTD

BALANCE SHEET (continued)

AS AT 31 MARCH 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 1,926 3,686
1,926 3,686
Current assets
Debtors 4 163,892 185,061
Cash at bank and in hand 5 585,093 443,392
748,985 628,453
Creditors: amounts falling due within one year 6 ( 177,511) ( 155,581)
Net current assets 571,474 472,872
Total assets less current liabilities 573,400 476,558
Provision for liabilities ( 483) ( 922)
Net assets 572,917 475,636
Capital and reserves
Called-up share capital 7 1 1
Profit and loss account 572,916 475,635
Total shareholders' funds 572,917 475,636

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Way Ahead Leisure Pursuits Ltd (registered number: 07951688) were approved and authorised for issue by the Board of Directors on 10 June 2025. They were signed on its behalf by:

Alex Paul Grant
Director
WAY AHEAD LEISURE PURSUITS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
WAY AHEAD LEISURE PURSUITS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Way Ahead Leisure Pursuits Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor 3-4 Lower Vicarage Road, Woolston, Southampton, SO19 7RJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 4 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Provisions

Provisions are recognised when the has a present obligation (legal or constructive) as a result of a past event, it is probable that the will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 38 37

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2024 18,462 18,462
At 31 March 2025 18,462 18,462
Accumulated depreciation
At 01 April 2024 14,776 14,776
Charge for the financial year 1,760 1,760
At 31 March 2025 16,536 16,536
Net book value
At 31 March 2025 1,926 1,926
At 31 March 2024 3,686 3,686

4. Debtors

2025 2024
£ £
Prepayments 98,142 119,311
Other debtors 65,750 65,750
163,892 185,061

5. Cash and cash equivalents

2025 2024
£ £
Cash at bank and in hand 585,093 443,392

6. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 2,796 3,220
Amounts owed to directors 10,433 9,109
Accruals 3,691 9,038
Taxation and social security 158,981 132,645
Other creditors 1,610 1,569
177,511 155,581

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 0.001 each 1 1