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REGISTERED NUMBER: 11742802 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 December 2022

for

The How Now Ltd

The How Now Ltd (Registered number: 11742802)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


The How Now Ltd

Company Information
for the Year Ended 31 December 2022







DIRECTOR: Miss JS Elliott





REGISTERED OFFICE: 30 Binswood End
Harbury
Warwickshire
CV33 9LN





REGISTERED NUMBER: 11742802 (England and Wales)





ACCOUNTANTS: Chandler and Partners Limited T/A
Matthew Squire & Company
5 Moor Street
Worcester
Worcestershire
WR1 3DB

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
The How Now Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The How Now Ltd for the year ended 31 December 2022 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of The How Now Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The How Now Ltd and state those matters that we have agreed to state to the director of The How Now Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that The How Now Ltd 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 The How Now Ltd. You consider that The How Now Ltd 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 The How Now Ltd. 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 financial statements.






Chandler and Partners Limited T/A
Matthew Squire & Company
5 Moor Street
Worcester
Worcestershire
WR1 3DB


Date: .............................................

The How Now Ltd (Registered number: 11742802)

Statement of Financial Position
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 24,792
Tangible assets 5 354 731
354 25,523

CURRENT ASSETS
Debtors 6 1,800 -
Cash at bank 5,406 5,600
7,206 5,600
CREDITORS
Amounts falling due within one year 7 6,613 15,100
NET CURRENT ASSETS/(LIABILITIES) 593 (9,500 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

947

16,023

CREDITORS
Amounts falling due after more than one
year

8

2,494

3,484
NET (LIABILITIES)/ASSETS (1,547 ) 12,539

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (1,557 ) 12,529
(1,547 ) 12,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 How Now Ltd (Registered number: 11742802)

Statement of Financial Position - continued
31 December 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2023 and were signed by:





Miss JS Elliott - Director


The How Now Ltd (Registered number: 11742802)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

The How Now Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Franchise costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
costs
£   
COST
At 1 January 2022 35,000
Disposals (35,000 )
At 31 December 2022 -
AMORTISATION
At 1 January 2022 10,208
Amortisation for year 3,500
Eliminated on disposal (13,708 )
At 31 December 2022 -
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 24,792

The How Now Ltd (Registered number: 11742802)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2022
and 31 December 2022 1,510
DEPRECIATION
At 1 January 2022 779
Charge for year 377
At 31 December 2022 1,156
NET BOOK VALUE
At 31 December 2022 354
At 31 December 2021 731

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 1,800 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 989 965
Tax 2,159 3,078
VAT 143 3,128
Directors' current accounts 3,322 7,929
6,613 15,100

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans - 1-2 years 1,014 989
Bank loans - 2-5 years 1,480 2,495
2,494 3,484