Company Registration No. 13671883 (England and Wales)
WORLD E-LEARNING ORGANIZATION LTD
Unaudited accounts
for the year ended 31 October 2024
WORLD E-LEARNING ORGANIZATION LTD
Unaudited accounts
Contents
WORLD E-LEARNING ORGANIZATION LTD
Company Information
for the year ended 31 October 2024
Director
Mr Mohieddin Al Samadi
Company Number
13671883 (England and Wales)
Registered Office
71-75 SHELTON STREET
COVENT GARDEN
LONDON
WC2H 9JQ
UNITED KINGDOM
Accountants
Fabaci Financial Ltd
30 Ebbett Court
Victoria Road
London
W3 6BW
WORLD E-LEARNING ORGANIZATION LTD
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
1,957
3,668
Creditors: amounts falling due within one year
(10,947)
(10,034)
Net current liabilities
(8,990)
(6,366)
Net liabilities
(8,990)
(6,366)
Called up share capital
1
1
Profit and loss account
(8,991)
(6,367)
Shareholders' funds
(8,990)
(6,366)
For the year ending 31 October 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 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 2 July 2025 and were signed on its behalf by
Mr Mohieddin Al Samadi
Director
Company Registration No. 13671883
WORLD E-LEARNING ORGANIZATION LTD
Notes to the Accounts
for the year ended 31 October 2024
WORLD E-LEARNING ORGANIZATION LTD is a private company, limited by shares, registered in England and Wales, registration number 13671883. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, 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 the GBP sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. 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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Creditors: amounts falling due within one year
2024
2023
Other creditors
1,154
1,154
Loans from directors
9,493
8,580
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
WORLD E-LEARNING ORGANIZATION LTD
Notes to the Accounts
for the year ended 31 October 2024
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).