Company registration number 12512852 (England and Wales)
NOTWOWAYS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
NOTWOWAYS LIMITED
COMPANY INFORMATION
Director
Mr C A McGinley
Company number
12512852
Registered office
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1QR
Accountants
Carpenter Box
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
NOTWOWAYS LIMITED
CONTENTS
Page
Director's report
1
Accountants' report
2
Balance sheet
3 - 4
Notes to the financial statements
5 - 9
NOTWOWAYS LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2026
- 1 -

The director presents his annual report and financial statements for the year ended 31 March 2026.

Principal activities

During the period, the principal activity of the company continued to be that of an online retailer.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

Mr C A McGinley
Mr R Mansell
(Resigned 16 March 2026)
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr C A McGinley
Director
5 June 2026
NOTWOWAYS LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF NOTWOWAYS LIMITED FOR THE YEAR ENDED 31 MARCH 2026
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Notwoways Limited for the year ended 31 March 2026 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 Notwoways Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Notwoways Limited and state those matters that we have agreed to state to the b oard of d irectors of Notwoways 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 Notwoways 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 Notwoways 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 loss of Notwoways Limited. You consider that Notwoways 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 Notwoways 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.

Carpenter Box
5 June 2026
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
NOTWOWAYS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 3 -
2026
2025
Notes
£
£
£
£
Fixed assets
Intangible assets
3
2,876
3,466
Tangible assets
4
2,186
11,118
5,062
14,584
Current assets
Stocks
468,005
653,604
Debtors
5
61,311
462,855
Cash at bank and in hand
517,037
404,197
1,046,353
1,520,656
Creditors: amounts falling due within one year
6
(228,219)
(214,465)
Net current assets
818,134
1,306,191
Total assets less current liabilities
823,196
1,320,775
Creditors: amounts falling due after more than one year
7
(517,775)
(497,262)
Provisions for liabilities
(400)
(2,600)
Net assets
305,021
820,913
Capital and reserves
Called up share capital
9
1
1
Share premium account
2,380,140
2,380,140
Profit and loss reserves
(2,075,120)
(1,559,228)
Total equity
305,021
820,913

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

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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

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

NOTWOWAYS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 4 -
The financial statements were approved by the board of directors and authorised for issue on 5 June 2026 and are signed on its behalf by:
Mr C A McGinley
Director
Company registration number 12512852 (England and Wales)
NOTWOWAYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 5 -
1
Accounting policies
Company information

Notwoways Limited is a private company limited by shares incorporated in England and Wales. The registered office is Amelia House, Crescent Road, Worthing, West Sussex, BN11 1QR.

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
Going concern

At the balance sheet date the company had accumulated losses. This is expected by the directors due to the business being in it's early stages of development. There continues to be significant cost investments into brand expansion with the expectation profits will be achieved in future years.true

Based on this assessment, at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received for goods provided in the normal course of business, and is shown net of VA T.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Website development costs
Over a period of 10 years on a straight line basis
1.5
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:

Computer equipment
Over a period of 3 years on a straight line basis
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

NOTWOWAYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 6 -
1.7
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.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

1.10
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.

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.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.12
Retirement benefits

The c ompany operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Profit or Loss when they fall due. Amounts not paid are shown in other creditors as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

NOTWOWAYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 7 -
1.13
Share-based payments

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the discounted cash flow m odel. The fair value determined at the grant date is expensed on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest. A corresponding adjustment is made to equity.

1.14
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.15
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons employed by the company during the year was 8 (2025 - 10).

3
Intangible fixed assets
Website
£
Cost
At 1 April 2025 and 31 March 2026
5,900
Amortisation and impairment
At 1 April 2025
2,434
Amortisation charged for the year
590
At 31 March 2026
3,024
Carrying amount
At 31 March 2026
2,876
At 31 March 2025
3,466
NOTWOWAYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 8 -
4
Tangible fixed assets
Computer equipment
£
Cost
At 1 April 2025
29,497
Additions
832
Disposals
(16,138)
At 31 March 2026
14,191
Depreciation and impairment
At 1 April 2025
18,379
Depreciation charged in the year
4,643
Eliminated in respect of disposals
(11,017)
At 31 March 2026
12,005
Carrying amount
At 31 March 2026
2,186
At 31 March 2025
11,118
5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
25,971
232,708
Other debtors
35,340
230,147
61,311
462,855
6
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
125,938
155,528
Taxation and social security
54,218
24,150
Other creditors
48,063
34,787
228,219
214,465
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Other creditors
517,775
497,262
NOTWOWAYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 9 -
8
Retirement benefit schemes

The c ompany participates in a defined contribution pension scheme. The assets of the scheme are held separately from those of the c ompany in an independently administered fund.

The pension cost charge represents contributions payable by the c ompany to the fund and amounted to £8,249 (20 2 5: £10,375). Contributions totalling £1,274 (2025: £1,417) were payable to the fund at the b alance s heet date and are included in creditors.

9
Called up share capital
2026
2025
2026
2025
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £0.00001 each
113,223
113,223
1
1
10
Share-based payment transactions

During the year to 31 March 2026 the company had a share option plan in operation.

As at 31 March 2026 a total of 4,054 of the available 16,175 options over ordinary shares have been granted to third parties of Notwoways Limited, with an exercise price of between £0.01 and £144. No options have been exercised.

Options granted will vest over various time periods from immediately upon grant to three years. Vested options can be exercised after grant on the condition that a notice of exercise of option is executed.

If the options remain unexercised after the 5 October 2033 or the option holder is no longer engaged under the contract of services signed between Notwoways Limited and the option holder the options expire.

The directors have recorded no charge within the financial statements on the grounds of immateriality.

11
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2026
2025
£
£
19,320
45,000
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