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REGISTERED NUMBER: 09122285 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

WHYNOTCHANGE LIMITED

WHYNOTCHANGE LIMITED (REGISTERED NUMBER: 09122285)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Report of the Director 2

Statement of Financial Position 3

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

WHYNOTCHANGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mrs M L Bryan





REGISTERED OFFICE: 5 Brock Mill Lane
Wigan
Lancashire
WN1 2NZ





REGISTERED NUMBER: 09122285 (England and Wales)





ACCOUNTANTS: Miller Roskell Limited
Chartered Certified Accountants
17 Victoria Road East
Thornton Cleveleys
Lancashire
FY5 5HT

WHYNOTCHANGE LIMITED (REGISTERED NUMBER: 09122285)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 JULY 2024

The director presents her report with the financial statements of the company for the year ended 31 July 2024.

PRINCIPAL ACTIVITY
WhyNotChange Limited is a Business Consultancy company, which specialises in helping companies, charities and social enterprises grow sustainably and make a positive difference. This includes supporting them with business strategy, growth plans, processes and systems, innovation in products and services, leadership and people development, stakeholder engagement, cultural change, product and service development, developing customer and employee experience, marketing, raising profile, winning public sector contracts, and winning philanthropic and business grants. We work with clients in the private sector, voluntary sector and public sector.

Our fee income is predominantly recurring in nature and we enjoy a close positive relationship with our clients. This is evidenced by repeat work from existing clients, and continuing work through contracts and preferred supplier frameworks including
" Goldman Sachs 10,000 Small Business Programme, (delivered by Said Business School, Oxford University)
" Help To Grow Management (Centre for Growth, Aston University)

Our exemplary track record has enabled us to win new contracts this financial year. We also have a strong portfolio of regular CEO/Senior Leadership mentoring clients.

Our Virtual Business Model continues to keep our costs to a minimum.

DIRECTOR
Mrs M L Bryan held office during the whole of the period from 1 August 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs M L Bryan - Director


14 October 2024

WHYNOTCHANGE LIMITED (REGISTERED NUMBER: 09122285)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 899 1,864
899 1,864

CURRENT ASSETS
Debtors 6 16,254 641
Cash at bank 318,162 292,162
334,416 292,803
CREDITORS
Amounts falling due within one year 7 90,694 93,802
NET CURRENT ASSETS 243,722 199,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

244,621

200,865

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 244,611 200,855
SHAREHOLDERS' FUNDS 244,621 200,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 14 October 2024 and were signed by:





Mrs M L Bryan - Director


WHYNOTCHANGE LIMITED (REGISTERED NUMBER: 09122285)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Whynotchange 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 in 2014, is being amortised evenly over its estimated useful life of five years.

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.
Computer equipment - 33% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

WHYNOTCHANGE LIMITED (REGISTERED NUMBER: 09122285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 65,476
AMORTISATION
At 1 August 2023
and 31 July 2024 65,476
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2023
and 31 July 2024 4,620
DEPRECIATION
At 1 August 2023 2,756
Charge for year 965
At 31 July 2024 3,721
NET BOOK VALUE
At 31 July 2024 899
At 31 July 2023 1,864

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,836 359
Other debtors 418 282
16,254 641

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 769
Taxation and social security 32,247 22,558
Other creditors 58,447 70,475
90,694 93,802

8. RELATED PARTY DISCLOSURES

The director operated a loan account with the company. The balance owed to the director at 31 July 2024 was £58,047 (2023 - £70,183).

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
WHYNOTCHANGE LIMITED

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 Whynotchange Limited for the year ended 31 July 2024 which comprise the Income Statement, 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 Whynotchange Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Whynotchange Limited and state those matters that we have agreed to state to the director of Whynotchange Limited 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 Whynotchange 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 profit of Whynotchange Limited. You consider that Whynotchange 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 Whynotchange 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 financial statements.






Miller Roskell Limited
Chartered Certified Accountants
17 Victoria Road East
Thornton Cleveleys
Lancashire
FY5 5HT


14 October 2024