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Company Registration No. 05217683 (England and Wales)
Why Ltd Unaudited accounts for the year ended 31 August 2024
Why Ltd Unaudited accounts Contents
Page
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Why Ltd Company Information for the year ended 31 August 2024
Directors
Liza Johnson Carol Joyce Brown
Company Number
05217683 (England and Wales)
Registered Office
Red Lion House Front Street Dipton Stanley County Durham DH9 9AG England
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Why Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,279 
1,069 
Current assets
Inventories
30,260 
34,528 
Debtors
- 
8,544 
Cash at bank and in hand
7,696 
5,329 
37,956 
48,401 
Creditors: amounts falling due within one year
(29,616)
(30,563)
Net current assets
8,340 
17,838 
Total assets less current liabilities
9,619 
18,907 
Creditors: amounts falling due after more than one year
- 
(10,347)
Net assets
9,619 
8,560 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9,519 
8,460 
Shareholders' funds
9,619 
8,560 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by
Liza Johnson Director Company Registration No. 05217683
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Why Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Why Ltd is a private company, limited by shares, registered in England and Wales, registration number 05217683. The registered office is Red Lion House, Front Street, Dipton, Stanley, County Durham, DH9 9AG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2023
1,756 
Additions
680 
At 31 August 2024
2,436 
Depreciation
At 1 September 2023
687 
Charge for the year
470 
At 31 August 2024
1,157 
Net book value
At 31 August 2024
1,279 
At 31 August 2023
1,069 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,804 
Trade debtors
- 
6,740 
- 
8,544 
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Why Ltd Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,434 
4,003 
VAT
(1,801)
- 
Trade creditors
1,029 
10,029 
Taxes and social security
4,790 
1,334 
Other creditors
4,003 
- 
Loans from directors
15,161 
15,197 
29,616 
30,563 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
10,347 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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