Acorah Software Products - Accounts Production 16.5.460 false true 30 September 2023 30 September 2022 false 1 October 2023 30 September 2024 30 September 2024 14388299 Shabok Zaidi Rupak Muhammed Nasrullah Zaidi Shabok Zaidi true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14388299 2023-09-30 14388299 2024-09-30 14388299 2023-10-01 2024-09-30 14388299 frs-core:CurrentFinancialInstruments 2024-09-30 14388299 frs-core:ShareCapital 2024-09-30 14388299 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 14388299 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14388299 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 14388299 frs-bus:SmallEntities 2023-10-01 2024-09-30 14388299 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 14388299 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 14388299 1 2023-10-01 2024-09-30 14388299 frs-bus:Director1 2023-10-01 2024-09-30 14388299 frs-bus:Director2 2023-10-01 2024-09-30 14388299 frs-countries:EnglandWales 2023-10-01 2024-09-30 14388299 2022-09-29 14388299 2023-09-30 14388299 2022-09-30 2023-09-30 14388299 frs-core:CurrentFinancialInstruments 2023-09-30 14388299 frs-core:ShareCapital 2023-09-30 14388299 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 14388299
World Academy For Research And Development Ltd.
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14388299
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 2,057 -
Cash at bank and in hand 8,261 -
10,318 -
Creditors: Amounts Falling Due Within One Year 5 (6,644 ) (5,004 )
NET CURRENT ASSETS (LIABILITIES) 3,674 (5,004 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,674 (5,004 )
NET ASSETS/(LIABILITIES) 3,674 (5,004 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 3,574 (5,104 )
SHAREHOLDERS' FUNDS 3,674 (5,004)
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For the year ending 30 September 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 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 Profit and Loss Account.
On behalf of the board
Rupak Muhammed Nasrullah Zaidi
Director
26 September 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
World Academy For Research And Development Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 14388299 . The registered office is 182-184 Office 2677a, 182-184 High Street North, East Ham , London, United Kingdom, E6 2JA.
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. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from direct course sales and certificate issuance is recognized when course access is provided or certificates are issued to learners.
Partnership fees are recognized when earned under the partnership agreement terms, and per-learner fees from partners are recognized upon completion of certification services for each participant.
2.3. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: NIL)
1 -
4. Debtors
2024 2023
£ £
Due within one year
Amounts owed by other related parties 2,057 -
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 838 -
Accruals and deferred income 1,440 5,004
Directors' loan accounts 4,366 -
6,644 5,004
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
Included in creditors due within one year is an amount of £4,366 owed to its directors. The amount is interest free and repayable on demand.
Included in debtors due within one year is an amount of £2,057 owed by its related party. The amount is interest free and repayable on demand.
8. Ultimate Controlling Party
The company's ultimate controlling party is Shabok Zaidi by virtue of the ownership of 100% of the issued share capital in the company.
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