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Company Registration No. 13255337 (England and Wales)
Way 2 Mortgage ltd Filleted Accounts for the year ended 31 March 2025
Way 2 Mortgage ltd Filleted Accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Way 2 Mortgage ltd Company Information for the year ended 31 March 2025
Director
James Warren
Company Number
13255337 (England and Wales)
Registered Office
66 Weston Road Olney Bucks MK46 5BE
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Way 2 Mortgage ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
36,800
-
Current assets
Debtors
5
934
1,742
Cash at bank and in hand
22,928
34,158
23,862
35,900
Creditors: amounts falling due within one year
6
(16,450)
(11,287)
Net current assets
7,412
24,613
Net assets
44,212
24,613
Capital and reserves
Called up share capital
7
1
1
Profit and loss account
44,211
24,612
Shareholders' funds
44,212
24,613
For the 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. 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 1 January 2026 and were signed on its behalf by
James Warren Director Company Registration No. 13255337
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Way 2 Mortgage ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Way 2 Mortgage ltd is a private company, limited by shares, registered in England and Wales, registration number 13255337. The registered office is 66 Weston Road, Olney, Bucks, MK46 5BE.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
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:
Motor vehicles
20%
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Way 2 Mortgage ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 April 2024
-
Additions
46,000
At 31 March 2025
46,000
Depreciation
Charge for the year
9,200
At 31 March 2025
9,200
Net book value
At 31 March 2025
36,800
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
934
1,742
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
7,562
5,974
Other creditors
1,012
5,313
Deferred income
7,876
-
16,450
11,287
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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