Company Registration No. 07211284 (England and Wales)
O'Hways Ltd
Unaudited accounts
for the year ended 30 April 2025
O'Hways Ltd
Unaudited accounts
Contents
O'Hways Ltd
Company Information
for the year ended 30 April 2025
Director
Ola Fatai Ayanleke
Company Number
07211284 (England and Wales)
Registered Office
26 Spinning Wheelway
Hackbridge
Wallington
Surrey
SM6 7DS
United Kingdom
Accountants
Tax Return Accountants Ltd
26 Spinning Wheelway
Hackbridge
Wallington
GB
SM6 7DS
O'Hways Ltd
Statement of financial position
as at 30 April 2025
Tangible assets
1,973
2,466
Cash at bank and in hand
27,043
13,232
Creditors: amounts falling due within one year
(1,600)
(1,600)
Net current assets
41,088
29,960
Total assets less current liabilities
43,061
32,426
Creditors: amounts falling due after more than one year
(28,670)
(19,678)
Called up share capital
1
1
Fair value reserve
17,462
17,462
Profit and loss account
(3,072)
(4,715)
Shareholders' funds
14,391
12,748
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 December 2025 and were signed on its behalf by
Ola Fatai Ayanleke
Director
Company Registration No. 07211284
O'Hways Ltd
Notes to the Accounts
for the year ended 30 April 2025
O'Hways Ltd is a private company, limited by shares, registered in England and Wales, registration number 07211284. The registered office is 26 Spinning Wheelway, Hackbridge, Wallington, Surrey, SM6 7DS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and
the Republic of Ireland and the Companies Act 2006.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The director acknowledges the latest guidance on going concern. After assessing the outcome of the business and with consideration of the Company's balance sheet position, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of twelve months from the date of the approval of the financial statements and, therefore, he continues to adopt the going concern basis in preparing the annual financial statements.
O'Hways Ltd
Notes to the Accounts
for the year ended 30 April 2025
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2024
7,529
944
8,473
At 30 April 2025
7,529
944
8,473
At 1 May 2024
5,063
944
6,007
Charge for the year
493
-
493
At 30 April 2025
5,556
944
6,500
At 30 April 2025
1,973
-
1,973
At 30 April 2024
2,466
-
2,466
Amounts falling due after more than one year
Other debtors
15,645
18,328
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
1,600
1,600
7
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
28,670
19,678
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).