IRIS Accounts Production v24.1.0.578 07858774 director 29.3.21 28.3.22 28.3.22 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078587742021-03-28078587742022-03-28078587742021-03-292022-03-28078587742020-03-28078587742020-03-292021-03-28078587742021-03-2807858774ns15:EnglandWales2021-03-292022-03-2807858774ns14:PoundSterling2021-03-292022-03-2807858774ns10:Director12021-03-292022-03-2807858774ns10:PrivateLimitedCompanyLtd2021-03-292022-03-2807858774ns10:SmallEntities2021-03-292022-03-2807858774ns10:AuditExempt-NoAccountantsReport2021-03-292022-03-2807858774ns10:SmallCompaniesRegimeForDirectorsReport2021-03-292022-03-2807858774ns10:SmallCompaniesRegimeForAccounts2021-03-292022-03-2807858774ns10:FullAccounts2021-03-292022-03-280785877412021-03-292022-03-2807858774ns10:RegisteredOffice2021-03-292022-03-2807858774ns5:CurrentFinancialInstruments2022-03-2807858774ns5:CurrentFinancialInstruments2021-03-2807858774ns5:ShareCapital2022-03-2807858774ns5:ShareCapital2021-03-2807858774ns5:RetainedEarningsAccumulatedLosses2022-03-2807858774ns5:RetainedEarningsAccumulatedLosses2021-03-2807858774ns5:NetGoodwill2021-03-292022-03-2807858774ns5:IntangibleAssetsOtherThanGoodwill2021-03-292022-03-2807858774ns5:PlantMachinery2021-03-292022-03-2807858774ns5:NetGoodwill2021-03-2807858774ns5:NetGoodwill2022-03-2807858774ns5:NetGoodwill2021-03-2807858774ns5:PlantMachinery2021-03-2807858774ns5:PlantMachinery2022-03-2807858774ns5:PlantMachinery2021-03-2807858774ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-2807858774ns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-03-28
REGISTERED NUMBER: 07858774 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 MARCH 2022

FOR

WHAT IF IT WORKS? LIMITED

WHAT IF IT WORKS? LIMITED (REGISTERED NUMBER: 07858774)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHAT IF IT WORKS? LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 MARCH 2022







DIRECTOR: Miss S L Dunning





REGISTERED OFFICE: C/O GROUND FLOOR
ST PAUL`S HOUSE
23 PARK SQUARE
LEEDS
LS1 2ND





REGISTERED NUMBER: 07858774 (England and Wales)





ACCOUNTANTS: Sedulo Leeds Limited
St Paul's House
23 Park Square
Leeds
West Yorkshire
LS1 2ND

WHAT IF IT WORKS? LIMITED (REGISTERED NUMBER: 07858774)

BALANCE SHEET
28 MARCH 2022

28.3.22 28.3.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,839 2,818
2,839 2,818

CURRENT ASSETS
Debtors 6 507,856 376,315
Investments 7 65,000 65,000
Cash at bank - 348,961
572,856 790,276
CREDITORS
Amounts falling due within one year 8 57,087 170,096
NET CURRENT ASSETS 515,769 620,180
TOTAL ASSETS LESS CURRENT LIABILITIES 518,608 622,998

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 518,508 622,898
SHAREHOLDERS' FUNDS 518,608 622,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 March 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.

WHAT IF IT WORKS? LIMITED (REGISTERED NUMBER: 07858774)

BALANCE SHEET - continued
28 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 April 2024 and were signed by:





Miss S L Dunning - Director


WHAT IF IT WORKS? LIMITED (REGISTERED NUMBER: 07858774)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 MARCH 2022


1. STATUTORY INFORMATION

What If It Works? 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business was fully amortised over its useful life.

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.
Plant and machinery etc - 25% on cost

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.

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.

WHAT IF IT WORKS? LIMITED (REGISTERED NUMBER: 07858774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 MARCH 2022


3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 29 March 2021
and 28 March 2022 55,695
AMORTISATION
At 29 March 2021
and 28 March 2022 55,695
NET BOOK VALUE
At 28 March 2022 -
At 28 March 2021 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 29 March 2021 12,974
Additions 1,808
At 28 March 2022 14,782
DEPRECIATION
At 29 March 2021 10,156
Charge for year 1,787
At 28 March 2022 11,943
NET BOOK VALUE
At 28 March 2022 2,839
At 28 March 2021 2,818

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.3.22 28.3.21
£    £   
Trade debtors - 74,505
Other debtors 507,856 301,810
507,856 376,315

WHAT IF IT WORKS? LIMITED (REGISTERED NUMBER: 07858774)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 MARCH 2022


7. CURRENT ASSET INVESTMENTS
28.3.22 28.3.21
£    £   
Unlisted investments 65,000 65,000

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.3.22 28.3.21
£    £   
Trade creditors - 5,167
Taxation and social security 54,436 162,629
Other creditors 2,651 2,300
57,087 170,096

9. RELATED PARTY DISCLOSURES

At the year end the company was owed £271,343 (2021 - £232,494) by the Director. Interest of £5,999 has been charged on this balance.