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REGISTERED NUMBER: 04759972 (England and Wales)
















Financial Statements

for the Year Ended 31 March 2023

for

We Are Why Limited

We Are Why Limited (Registered number: 04759972)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


We Are Why Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: J Kent





REGISTERED OFFICE: Why
First Floor
9 Park Street
London
SE1 9AB





REGISTERED NUMBER: 04759972 (England and Wales)





ACCOUNTANTS: Clarke Goodhand Smith Limited
12a Marlborough Place
BRIGHTON
East Sussex
BN1 1WN

We Are Why Limited (Registered number: 04759972)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,530 29,496

CURRENT ASSETS
Debtors 5 99,492 255,985
Cash at bank 615,604 296,730
715,096 552,715
CREDITORS
Amounts falling due within one
year

6

175,393

236,466
NET CURRENT ASSETS 539,703 316,249
TOTAL ASSETS LESS CURRENT
LIABILITIES

573,233

345,745

CREDITORS
Amounts falling due after more
than one year

7

(24,122

)

(32,535

)

PROVISIONS FOR LIABILITIES 9 (6,197 ) (5,393 )
NET ASSETS 542,914 307,817

CAPITAL AND RESERVES
Called up share capital 10 4 4
Retained earnings 11 542,910 307,813
SHAREHOLDERS' FUNDS 542,914 307,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

We Are Why Limited (Registered number: 04759972)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 September 2023 and were signed by:





J Kent - Director


We Are Why Limited (Registered number: 04759972)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

We Are Why 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.

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 represents net invoiced sales of services, excluding value added tax.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

We Are Why Limited (Registered number: 04759972)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022 154,535 21,209 175,744
Additions 14,237 975 15,212
At 31 March 2023 168,772 22,184 190,956
DEPRECIATION
At 1 April 2022 127,876 18,372 146,248
Charge for year 10,225 953 11,178
At 31 March 2023 138,101 19,325 157,426
NET BOOK VALUE
At 31 March 2023 30,671 2,859 33,530
At 31 March 2022 26,659 2,837 29,496

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 91,748 255,745
Sundry debtor 240 240
Prepayments and accrued income 7,504 -
99,492 255,985

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 13,975 29,636
Trade creditors 15,479 21,469
Tax 90,289 89,699
Social security and other taxes 9,035 8,490
VAT 44,112 83,964
Director's current account 3 3
Accrued expenses 2,500 3,205
175,393 236,466

We Are Why Limited (Registered number: 04759972)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 9,092 8,413
Bank loans - 2-5 years 15,030 24,122
24,122 32,535

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Between one and five years 32,000 17,500

9. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 6,197 5,393

Deferred
tax
£   
Balance at 1 April 2022 5,393
Accelerated capital allowances 804
Balance at 31 March 2023 6,197

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
2 Ordinary £1 2 2
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
4 4

11. RESERVES
Retained
earnings
£   

At 1 April 2022 307,813
Profit for the year 379,862
Dividends (144,765 )
At 31 March 2023 542,910

We Are Why Limited (Registered number: 04759972)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

12. CONTROLLING PARTY

The company was controlled by its director, J Kent, throughout the period.