Registered number
04462852
Easyway Credit Limited
Unaudited Filleted Accounts
30 June 2025
Easyway Credit Limited
Registered number: 04462852
Balance Sheet
as at 30 June 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 82 109
Current assets
Debtors 4 19,159 18,737
Cash at bank and in hand 4,973 5,216
24,132 23,953
Creditors: amounts falling due within one year 5 (17,345) (16,644)
Net current assets 6,787 7,309
Net assets 6,869 7,418
Capital and reserves
Called up share capital 1 1
Profit and loss account 6,868 7,417
Shareholder's funds 6,869 7,418
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 4 August 2025
Easyway Credit Limited
Notes to the Accounts
for the year ended 30 June 2025
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 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2024 363
At 30 June 2025 363
Depreciation
At 1 July 2024 254
Charge for the year 27
At 30 June 2025 281
Net book value
At 30 June 2025 82
At 30 June 2024 109
4 Debtors 2025 2024
£ £
Trade debtors 19,159 18,737
5 Creditors: amounts falling due within one year 2025 2024
£ £
Corporation tax 816 1,179
Other taxes and social security costs 271 -
Other creditors 16,258 15,465
17,345 16,644
6 Related party transactions
The amount owing by the company on loan account to Mrs P E England, company director, at 30 June 2025 was £15,207 (2024: £14,345). 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:
Gate House
Swingate
Kimberley
Nottingham
NG16 2PQ
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