REGISTERED NUMBER: 05452270 (England and Wales)

BYEWAY LIMITED

TRADING AS

SILVER DRAGON

Unaudited Financial Statements

FOR THE PERIOD

1 June 2024 to 30 September 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M W K Cheung

M K Cheung

SECRETARY:

M K Cheung

REGISTERED OFFICE:

Elfed House

Oak Tree Court,Mulberry Drive

Cardiff Gate Business Park

CARDIFF

CF23 8RS

REGISTERED NUMBER:

05452270 (England and Wales)

ACCOUNTANTS:

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Intangible assets

4

-

1,560

Tangible assets

5

-

347

-

1,907

CURRENT ASSETS

Stocks

-

840

Debtors

6

6,318

209

Cash at bank

6,426

10,399

12,744

11,448

CREDITORS

Amounts falling due within one year

7

(9,669

)

(9,389

)

NET CURRENT ASSETS

3,075

2,059

TOTAL ASSETS LESS CURRENT LIABILITIES

3,075

3,966

CREDITORS

Amounts falling due after more than one year

8

(3,073

)

(6,667

)

PROVISIONS FOR LIABILITIES

-

(67

)

NET ASSETS/(LIABILITIES)

2

(2,768

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

-

(2,770

)

SHAREHOLDERS' FUNDS

2

(2,768

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2026 and were signed on its behalf by:

M W K Cheung - Director

1.	STATUTORY INFORMATION

Byeway Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's functional and presentational currency in the financial statements is Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There have been no material departures from Financial Reporting Standard 102 1A.

Going Concern

The company ceased trading on 30 September 2025. The assets and liabilities at the balance Sheet date have been reviewed in light of this and no further adjustments are considered necessary.

Turnover

Turnover represents shop takings received during the year.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Based on the performance of the company since acquisition, the directors consider that the useful economic life of goodwill is still valid.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and Fittings

-

20% on reducing balance

Stocks

Stocks are estimated by the directors.

Current tax

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantively enacted at the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Employee benefits

When the employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

Non-derivative financial statements

Basic financial instruments are recognised at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 30 September 2025

31,350

AMORTISATION

At 1 June 2024

29,790

Amortisation for period

1,560

At 30 September 2025

31,350

NET BOOK VALUE

At 30 September 2025

-

At 31 May 2024

1,560

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Fittings

£

COST

At 1 June 2024

3,813

Disposals

(3,813

)

At 30 September 2025

-

DEPRECIATION

At 1 June 2024

3,466

Charge for period

88

Eliminated on disposal

(3,554

)

At 30 September 2025

-

NET BOOK VALUE

At 30 September 2025

-

At 31 May 2024

347

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

6,318

209

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,000

4,000

Taxation and social security

2,970

1,021

Other creditors

2,699

4,368

9,669

9,389

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

3,073

6,667

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 September 2025 and the year ended 31 May 2024:

2025

2024

£

£

M W K Cheung

Balance outstanding at start of period

-

6,693

Amounts advanced

6,318

-

Amounts repaid

-

(6,693

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

6,318

-

Interest is charged at a commercial rate on overdrawn balances in excess of £10,000. Overdrawn balances are repayable within nine months of the balance sheet date.