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REGISTERED NUMBER: 07305497 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

IWORLD LIMITED

IWORLD LIMITED (REGISTERED NUMBER: 07305497)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


IWORLD LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2023







DIRECTOR: S Laxman





REGISTERED OFFICE: The Spinney
Coventry Road
Cawston
RUGBY
Warwickshire
CV23 9JP





REGISTERED NUMBER: 07305497 (England and Wales)





ACCOUNTANTS: Pesters
2 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD

IWORLD LIMITED (REGISTERED NUMBER: 07305497)

STATEMENT OF FINANCIAL POSITION
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 787 1,182

CURRENT ASSETS
Debtors 5 - 6,318
Cash at bank 4,403 11,311
4,403 17,629
CREDITORS
Amounts falling due within one year 6 5,413 16,243
NET CURRENT (LIABILITIES)/ASSETS (1,010 ) 1,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

(223

)

2,568

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (224 ) 2,567
SHAREHOLDERS' FUNDS (223 ) 2,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 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 29 March 2024 and were signed by:





S Laxman - Director


IWORLD LIMITED (REGISTERED NUMBER: 07305497)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

iWorld 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared on the going concern basis. At the year end the company's liabilities
exceeded its assets by £223. However, the director has given his assurances that he will continue to
support the company in the future.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022
and 30 September 2023 5,111
DEPRECIATION
At 1 October 2022 3,929
Charge for year 395
At 30 September 2023 4,324
NET BOOK VALUE
At 30 September 2023 787
At 30 September 2022 1,182

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors - 6,318

IWORLD LIMITED (REGISTERED NUMBER: 07305497)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 30 -
Tax 376 1,287
VAT 1,194 7,087
Other creditors 888 870
Directors' current accounts 2,925 6,999
5,413 16,243

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, the company owed the director the sum of £2,925 (2022 - £6,999). This loan is interest free and repayable on demand.