Acorah Software Products - Accounts Production 15.0.600 false true 31 October 2022 1 November 2021 false true No description of principal activity 1 November 2022 31 October 2023 31 October 2023 07412868 Mr M Mullah iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07412868 2022-10-31 07412868 2023-10-31 07412868 2022-11-01 2023-10-31 07412868 frs-core:CurrentFinancialInstruments 2023-10-31 07412868 frs-core:Non-currentFinancialInstruments 2023-10-31 07412868 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 07412868 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 07412868 frs-bus:Micro-entities 2022-11-01 2023-10-31 07412868 frs-bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 07412868 frs-bus:Director1 2022-11-01 2023-10-31 07412868 2021-10-31 07412868 2022-10-31 07412868 2021-11-01 2022-10-31 07412868 frs-core:CurrentFinancialInstruments 2022-10-31 07412868 frs-core:Non-currentFinancialInstruments 2022-10-31
Registered number: 07412868
Online Wealth Enterprise Ltd
Financial Statements
For The Year Ended 31 October 2023
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
Company Information
Director Mr M Mullah
Company Number 07412868
Registered Office 10 Honeysuckle Lane 10 Honeysuckle Lane
West Sussex
RH11 7TQ
Accountants BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
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Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Online Wealth Enterprise Ltd for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Online Wealth Enterprise Ltd for the year ended 31 October 2023 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Online Wealth Enterprise Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Online Wealth Enterprise Ltd and state those matters that we have agreed to state to the director of Online Wealth Enterprise Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Online Wealth Enterprise Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that Online Wealth Enterprise Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Online Wealth Enterprise Ltd . You consider that Online Wealth Enterprise Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Online Wealth Enterprise Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
25/09/2024
BBK Partnership
Chartered Accountants & Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ
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Statement of Financial Position
Registered number: 07412868
2023 2022
£ £
Fixed assets 62,888 17,577
Current assets 13,472 35,428
Creditors: Amounts Falling Due Within One Year (42,749 ) (12,005 )
NET CURRENT ASSETS (LIABILITIES) (29,277 ) 23,423
TOTAL ASSETS LESS CURRENT LIABILITIES 33,611 41,000
Creditors: Amounts Falling After More Than One Year (15,218 ) (21,607 )
Accruals and deferred income (1,920 ) (1,920 )
NET ASSETS 16,473 17,473
CAPITAL AND RESERVES 16,473 17,473

Notes

1. General Information
Online Wealth Enterprise Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07412868 . The registered office is 10 Honeysuckle Lane 10 Honeysuckle Lane, West Sussex, RH11 7TQ.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 1)
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3. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
The above loan is unsecured, interest free and repayable on demand.
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For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr M Mullah
Director
25/09/2024
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