I-Why Limited - Abbreviated accounts 16.3

I-Why Limited - Abbreviated accounts 16.3

I-WHY LIMITED - Company Information

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07285688 1.9.15 31.8.16 31.8.16 Company accounts Private Limited Company FY true false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure072856882015-08-31072856882016-08-31072856882015-09-012016-08-31072856882014-08-31072856882014-09-012015-08-31072856882015-08-3107285688ns12:England2015-09-012016-08-3107285688ns14:PoundSterling2015-09-012016-08-3107285688ns7:Director12015-09-012016-08-3107285688ns7:OrdinaryShareClass12015-09-012016-08-3107285688ns7:OrdinaryShareClass22015-09-012016-08-3107285688ns7:RegisteredOffice2015-09-012016-08-3107285688ns7:EntityAccountantsOrAuditors2015-09-012016-08-3107285688ns5:ComputerEquipment2015-09-012016-08-3107285688ns7:OrdinaryShareClass12016-08-3107285688ns7:OrdinaryShareClass12015-08-3107285688ns7:OrdinaryShareClass22016-08-3107285688ns7:OrdinaryShareClass22015-08-31
REGISTERED NUMBER: 07285688 (England and Wales)















ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016

FOR

I-WHY LIMITED

I-WHY LIMITED (REGISTERED NUMBER: 07285688)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

I-WHY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2016







DIRECTOR: Mr I Whysall





REGISTERED OFFICE: 18 Doveridge Road
Burton on Trent
Staffordshire
DE15 9GB





REGISTERED NUMBER: 07285688 (England and Wales)





ACCOUNTANTS: Anthony Wych & Co
26 Berrycroft Lane
Romiley
Stockport
Cheshire
SK6 3AU
Page 1
I-WHY LIMITED (REGISTERED NUMBER: 07285688)

ABBREVIATED BALANCE SHEET
31 AUGUST 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 5,890 8,380

CURRENT ASSETS
Debtors 2,550 -
Cash at bank 70,105 85,922
72,655 85,922
CREDITORS
Amounts falling due within one year 17,812 32,926
NET CURRENT ASSETS 54,843 52,996
TOTAL ASSETS LESS CURRENT
LIABILITIES
60,733
61,376

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account 60,732 61,375
SHAREHOLDERS' FUNDS 60,733 61,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these abbreviated accounts

Page 2
I-WHY LIMITED (REGISTERED NUMBER: 07285688)

ABBREVIATED BALANCE SHEET - continued
31 AUGUST 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 7 October 2016 and were signed by:





Mr I Whysall - Director


The notes form part of these abbreviated accounts

Page 3
I-WHY LIMITED (REGISTERED NUMBER: 07285688)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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 - 15% on reducing balance

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 the profit and loss account in the period to which they
relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015 13,963
Disposals (2,907 )
At 31 August 2016 11,056
DEPRECIATION
At 1 September 2015 5,583
Charge for year 1,030
Eliminated on disposal (1,447 )
At 31 August 2016 5,166
NET BOOK VALUE
At 31 August 2016 5,890
At 31 August 2015 8,380

Page 4
I-WHY LIMITED (REGISTERED NUMBER: 07285688)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGUST 2016


3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 - -
1 1

Page 5