1 1 How Why When Limited 05096257 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is the provision of support services to IFA's. Digita Accounts Production Advanced 6.30.9574.0 true 05096257 2023-05-01 2024-04-30 05096257 2024-04-30 05096257 bus:OrdinaryShareClass1 2024-04-30 05096257 core:CurrentFinancialInstruments 2024-04-30 05096257 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 05096257 core:FurnitureFittingsToolsEquipment 2024-04-30 05096257 bus:SmallEntities 2023-05-01 2024-04-30 05096257 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05096257 bus:FilletedAccounts 2023-05-01 2024-04-30 05096257 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 05096257 bus:RegisteredOffice 2023-05-01 2024-04-30 05096257 bus:Director1 2023-05-01 2024-04-30 05096257 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 05096257 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05096257 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 05096257 core:OfficeEquipment 2023-05-01 2024-04-30 05096257 countries:England 2023-05-01 2024-04-30 05096257 2023-04-30 05096257 core:FurnitureFittingsToolsEquipment 2023-04-30 05096257 2022-05-01 2023-04-30 05096257 2023-04-30 05096257 bus:OrdinaryShareClass1 2023-04-30 05096257 core:CurrentFinancialInstruments 2023-04-30 05096257 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 05096257 core:FurnitureFittingsToolsEquipment 2023-04-30 xbrli:pure iso4217:GBP xbrli:shares

How Why When Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

Registration number: 05096257

 

How Why When Limited

Contents

Statement of financial position

1

Notes to the Financial Statements

2 to 4

 

How Why When Limited

(Registration number: 05096257)
Statement of financial position as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

18

25

Current assets

 

Debtors

5

1,968

485

Cash at bank and in hand

 

496

779

 

2,464

1,264

Creditors: Amounts falling due within one year

6

(2,423)

(1,203)

Net current assets

 

41

61

Net assets

 

59

86

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

58

85

Shareholders' funds

 

59

86

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income statement.

Approved and authorised by the director on 13 January 2025
 

.........................................
Mrs L Peters
Director

 

How Why When Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

These financial statements were authorised for issue by the director on 13 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

How Why When Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

2,261

2,261

At 30 April 2024

2,261

2,261

Depreciation

At 1 May 2023

2,236

2,236

Charge for the year

7

7

At 30 April 2024

2,243

2,243

Carrying amount

At 30 April 2024

18

18

At 30 April 2023

25

25

 

How Why When Limited

Notes to the Financial Statements for the Year Ended 30 April 2024

5

Debtors

Current

2024
£

2023
£

Other debtors

1,968

485

 

1,968

485

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

305

333

Taxation and social security

1,238

-

Accruals and deferred income

880

870

2,423

1,203

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1