Company Registration No. 10715049 (England and Wales)
WEALTHCITY INTERNATIONAL LTD
Unaudited accounts
for the year ended 31 December 2022
WEALTHCITY INTERNATIONAL LTD
Unaudited accounts
Contents
WEALTHCITY INTERNATIONAL LTD
Statement of financial position
as at 31 December 2022
Cash at bank and in hand
5,330
54,401
Creditors: amounts falling due within one year
(68,662)
(64,584)
Net current assets
5,116
18,759
Total assets less current liabilities
5,116
18,759
Creditors: amounts falling due after more than one year
(12,613)
(18,613)
Net (liabilities)/assets
(7,497)
146
Called up share capital
1
1
Profit and loss account
(7,498)
145
Shareholders' funds
(7,497)
146
For the year ending 31 December 2022 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 director acknowledges his 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 and authorised for issue on 30 September 2023 and were signed on its behalf by
Olanipekun Ajayi
Director
Company Registration No. 10715049
WEALTHCITY INTERNATIONAL LTD
Notes to the Accounts
for the year ended 31 December 2022
WEALTHCITY INTERNATIONAL LTD is a private company, limited by shares, registered in England and Wales, registration number 10715049. The registered office is 27 , Old Gloucester Street , London , WC1N 3AX, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Other debtors
68,448
28,942
WEALTHCITY INTERNATIONAL LTD
Notes to the Accounts
for the year ended 31 December 2022
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
4,831
4,326
Taxes and social security
18,175
18,175
Other creditors
(145)
5,061
7
Creditors: amounts falling due after more than one year
2022
2021
8
Transactions with related parties
Included within Other Debtors amount is £68,259 owing by companies held under common control of directors Mr Olanipekun Ajayi
9
Average number of employees
During the year the average number of employees was 0 (2021: 0).