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REGISTERED NUMBER: 07858774 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 MARCH 2024

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 2024










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 2024







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 2024

28.3.24 28.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 525 977
525 977

CURRENT ASSETS
Debtors 6 296,058 403,264
Investments 7 65,000 65,000
361,058 468,264
CREDITORS
Amounts falling due within one year 8 58,644 58,114
NET CURRENT ASSETS 302,414 410,150
TOTAL ASSETS LESS CURRENT LIABILITIES 302,939 411,127

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 302,839 411,027
SHAREHOLDERS' FUNDS 302,939 411,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 March 2024 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 2024


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 2024


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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 29 March 2023
and 28 March 2024 55,695
AMORTISATION
At 29 March 2023
and 28 March 2024 55,695
NET BOOK VALUE
At 28 March 2024 -
At 28 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 29 March 2023
and 28 March 2024 14,782
DEPRECIATION
At 29 March 2023 13,805
Charge for year 452
At 28 March 2024 14,257
NET BOOK VALUE
At 28 March 2024 525
At 28 March 2023 977

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.3.24 28.3.23
£    £   
Other debtors 296,058 403,264

7. CURRENT ASSET INVESTMENTS
28.3.24 28.3.23
£    £   
Unlisted investments 65,000 65,000

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.3.24 28.3.23
£    £   
Taxation and social security 55,993 55,463
Other creditors 2,651 2,651
58,644 58,114

9. RELATED PARTY DISCLOSURES

At the year end the company was owed £59,545 (2023 - £166,751) by the Director. Interest of £2,794 (2022 - £5,408) has been charged on this balance.