Company registration number 03076017 (England and Wales)
WAYCAST LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
WAYCAST LIMITED
COMPANY INFORMATION
Director
Mr I A Edwards
Secretary
Mrs E Edwards
Company number
03076017
Registered office
Firswood Road
Garretts Green Ind. Estate
Garretts Green
Birmingham
West Midlands
England
B33 0TG
Accountants
Malcolm Piper & Company Limited
Kingsnorth House
Blenheim Way
Birmingham
West Midlands
United Kingdom
B44 8LS
WAYCAST LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
WAYCAST LIMITED
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF WAYCAST LIMITED FOR THE YEAR ENDED 31 JULY 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Waycast Limited for the year ended 31 July 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Waycast Limited, as a body, in accordance with the terms of our engagement letter dated 2 April 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Waycast Limited and state those matters that we have agreed to state to the b oard of d irectors of Waycast Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Waycast Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Waycast Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Waycast Limited. You consider that Waycast Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Waycast Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Malcolm Piper & Company Limited
Chartered Accountants
Kingsnorth House
Blenheim Way
Birmingham
West Midlands
B44 8LS
United Kingdom
10 November 2025
WAYCAST LIMITED
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
105,929
108,872
Current assets
Debtors
4
804,385
774,708
Cash at bank and in hand
15,872
13,990
820,257
788,698
Creditors: amounts falling due within one year
5
(350,198)
(345,430)
Net current assets
470,059
443,268
Net assets
575,988
552,140
Capital and reserves
Called up share capital
20
20
Profit and loss reserves
575,968
552,120
Total equity
575,988
552,140

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 10 November 2025
Mr I A Edwards
Director
Company registration number 03076017 (England and Wales)
WAYCAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 3 -
1
Accounting policies
Company information

Waycast Limited is a private company limited by shares incorporated in England and Wales. The registered office is Firswood Road, Garretts Green Ind. Estate, Garretts Green, Birmingham, West Midlands, England, B33 0TG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
Straight line over the remaining leasehold period

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.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

WAYCAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Tangible fixed assets
Leasehold land and buildings
£
Cost
At 1 August 2024 and 31 July 2025
117,700
Depreciation and impairment
At 1 August 2024
8,828
Depreciation charged in the year
2,943
At 31 July 2025
11,771
Carrying amount
At 31 July 2025
105,929
At 31 July 2024
108,872
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
39,751
14,749
Other debtors
764,634
759,959
804,385
774,708
WAYCAST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
7,108
7,015
Other creditors
343,090
338,415
350,198
345,430
6
Related party transactions

The director is a director of T & E Engineering Limited. During the year the company charged rent of £nil (2024: £2 5,000) to use part of its building.

T & E Engineering has provided a loan to Waycast Limited. At the year end the amount due to T & E Engineering was £338,2 15 (2024: £338,215).

There are no repayment terms or interest charged. The loan is repayable on demand.

The director introduces and receives payments of a loan from the company. There is no written agreement as to the repayment terms and no interest is charged.

The balance owing to the director at 31 July 2025 was £200 (202 4: £200).

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