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Company Registration No. 12138547 (England and Wales)
PREACHY WORLD LIMITED Unaudited accounts for the year ended 31 March 2024
PREACHY WORLD LIMITED Unaudited accounts Contents
Page
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PREACHY WORLD LIMITED Company Information for the year ended 31 March 2024
Director
PRECIOUS OMON AKAIGHE
Company Number
12138547 (England and Wales)
Registered Office
21A RAYNALD ROAD SHEFFIELD SOUTH YORKSHIRE S2 1PR ENGLAND
Accountants
TITUS ABAYOMI ASSOCIATES 12 ASHLEIGH DRIVE SHEFFIELD SOUTH YORKSHIRE S12 2SA
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PREACHY WORLD LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Creditors: amounts falling due within one year
(234)
(213)
Net current liabilities
(234)
(213)
Total assets less current liabilities
(234)
(213)
Creditors: amounts falling due after more than one year
(36,613)
(35,860)
Net liabilities
(36,847)
(36,073)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(36,848)
(36,074)
Shareholders' funds
(36,847)
(36,073)
For the year ending 31 March 2024 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 her 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 7 November 2024 and were signed on its behalf by
PRECIOUS OMON AKAIGHE Director Company Registration No. 12138547
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PREACHY WORLD LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
PREACHY WORLD LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12138547. The registered office is 21A RAYNALD ROAD, SHEFFIELD, SOUTH YORKSHIRE, S2 1PR, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The value of investment made in Nigeria currently have a negative value and unlikely to recover.
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
234 
213 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
24,360 
27,892 
Loans from directors
12,253 
7,968 
36,613 
35,860 
Bounce back loan
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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