Company Registration No. 09064693 (England and Wales)
WORLD LIGHT SOCIETY ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2024
WORLD LIGHT SOCIETY ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS
| Page | |
|---|---|
| Company information | 3 |
| Director's report | 4 |
| Accountants' report | 6 |
| Income statement | 7 |
| Statement of financial position | 8 |
| Notes to the accounts | 9 |
| Detailed profit and loss account | 10 |
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WORLD LIGHT SOCIETY COMPANY INFORMATION FOR THE YEAR ENDED 31 MAY 2024
Director Hiang Nam Goh Secretary Jenny Dong Company Number 09064693 (England and Wales) Registered Office 152 Fulbourne Road London E17 4ET England Accountants Anthony Daniel Associates Ltd 10 Julian Place London E14 3AT
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WORLD LIGHT SOCIETY (COMPANY NO: 09064693 ENGLAND AND WALES) DIRECTOR'S REPORT
The director presents his report and accounts for the year ended 31 May 2024.
Principal activity
The Charity's objects are to promote the mental or moral improvement or spiritual welfare of the public by promoting the teachings of Confucianism, Buddhism and Taoism.�
There has been no change in the Charity's objects during the year.�
The aims are to expound and propagate the truth of Confucianism, Buddhism and Taoism by holding lectures� and services in the temple.�
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
Directors
Hiang Nam Goh held office during the whole of the period.
Charitable and Political donations
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.�
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.�
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
Statement of directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
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Signed on behalf of the board of directors
............................................................................
Hiang Nam Goh Director
Approved by the board on: 3 January 2025
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CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF WORLD LIGHT SOCIETY FOR THE YEAR ENDED 31 MAY 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of World Light Society for the year ended 31 May 2024 as set out on pages 7 - 9 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of World Light Society, as a body, in accordance with the terms of our engagement letter dated 30 May 2014. Our work has been undertaken solely to prepare for your approval the accounts of World Light Society and state those matters that we have agreed to state to the Board of Directors of World Light Society, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than World Light Society and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that World Light Society 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 of World Light Society. You consider that World Light Society is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of World Light Society. 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 statutory accounts.
Anthony Daniel Associates Ltd Chartered Certified Accountants
10 Julian Place London E14 3AT
3 January 2025
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WORLD LIGHT SOCIETY INCOME STATEMENT FOR THE YEAR ENDED 31 MAY 2024
| Turnover Administrative expenses Operating profit Profit on ordinary activities before taxation Tax on profit on ordinary activities Profit for the financial year |
2024 £ 36,221 (1,048) 35,173 35,173 - 35,173 |
2023 £ 6,550 (889) |
|---|---|---|
| 5,661 | ||
| 5,661 - |
||
| 5,661 |
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WORLD LIGHT SOCIETY STATEMENT OF FINANCIAL POSITION AS AT 31 MAY 2024
| Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Net assets Capital and reserves Profit and loss account Shareholders' funds |
2024 £ 53,561 (600) 52,961 52,961 52,961 52,961 |
2023 £ 18,388 (600) |
|---|---|---|
| 17,788 | ||
| 17,788 | ||
| 17,788 | ||
| 17,788 |
For the year ending 31 May 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 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 financial statements were approved by the Board and authorised for issue on 3 January 2025 and were signed on its behalf by
Hiang Nam Goh Director
Company Registration No. 09064693
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WORLD LIGHT SOCIETY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MAY 2024
1 Statutory information
World Light Society is a private company, limited by shares, registered in England and Wales, registration number 09064693. The registered office is 152 Fulbourne Road, London, E17 4ET, 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.
Presentation currency
The accounts are presented in £ sterling.
| 4 | Creditors: amounts falling due within one year | 2024 | 2023 |
|---|---|---|---|
| £ | £ | ||
| Accruals | 600 | 600 |
5 Average number of employees
During the year the average number of employees was 2 (2023: 2).
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WORLD LIGHT SOCIETY DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MAY 2024
This schedule does not form part of the statutory accounts.
| This schedule does not form part of the statutory accounts. | ||
|---|---|---|
| Turnover Fees Administrative expenses Bank charges Accountancy fees Other legal and professional Operating profit Profit on ordinary activities before taxation |
2024 £ 36,221 354 600 94 1,048 35,173 35,173 |
2023 £ 6,550 |
| 96 720 73 |
||
| 889 | ||
| 5,661 | ||
| 5,661 |
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