Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 12978389 Mr Majid Ebrahim Mr Sattar Ebrahim iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12978389 2022-12-31 12978389 2023-12-31 12978389 2023-01-01 2023-12-31 12978389 frs-core:CurrentFinancialInstruments 2023-12-31 12978389 frs-core:ShareCapital 2023-12-31 12978389 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 12978389 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12978389 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 12978389 frs-bus:SmallEntities 2023-01-01 2023-12-31 12978389 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12978389 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12978389 frs-bus:Director1 2023-01-01 2023-12-31 12978389 frs-bus:Director2 2023-01-01 2023-12-31 12978389 frs-countries:EnglandWales 2023-01-01 2023-12-31 12978389 2021-12-31 12978389 2022-12-31 12978389 2022-01-01 2022-12-31 12978389 frs-core:CurrentFinancialInstruments 2022-12-31 12978389 frs-core:ShareCapital 2022-12-31 12978389 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 12978389
Weal Path Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2
Page 1
Statement of Financial Position
Registered number: 12978389
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 66 23
66 23
Creditors: Amounts Falling Due Within One Year 4 (12,931 ) (12,257 )
NET CURRENT ASSETS (LIABILITIES) (12,865 ) (12,234 )
TOTAL ASSETS LESS CURRENT LIABILITIES (12,865 ) (12,234 )
NET LIABILITIES (12,865 ) (12,234 )
CAPITAL AND RESERVES
Called up share capital 1 1
Income Statement (12,866 ) (12,235 )
SHAREHOLDERS' FUNDS (12,865) (12,234)
For the year ending 31 December 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Sattar Ebrahim
Director
26/08/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Weal Path Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12978389 . The registered office is Office M 11-17 Fowler Road, Hainault Business Park, Ilford, IG6 3UJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: 1)
- 1
4. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 13 791
Other creditors 12,918 11,466
12,931 12,257
Page 2