2020-01-17 12408748 2021-01-31 12408748 2020-01-17 2021-01-31 12408748 uk-core:WithinOneYear 2021-01-31 12408748 uk-core:AfterOneYear 2021-01-31 12408748 uk-core:ShareCapital 2021-01-31 12408748 uk-core:RetainedEarningsAccumulatedLosses 2021-01-31 12408748 uk-bus:Director1 2020-01-17 2021-01-31 12408748 uk-core:ComputerEquipment 2020-01-17 2021-01-31 12408748 uk-core:AfterOneYear uk-core:Secured 2021-01-31 iso4217:GBP xbrli:pure 12408748 uk-bus:AuditExemptWithAccountantsReport 2020-01-17 2021-01-31 12408748 uk-bus:FRS102 2020-01-17 2021-01-31 12408748 uk-bus:FullAccounts 2020-01-17 2021-01-31 12408748 uk-bus:PrivateLimitedCompanyLtd 2020-01-17 2021-01-31
Velam Limited
Registered Number:12408748
For the period ended 31 January 2021
England and Wales
Unaudited Financial Statements
2
For the period ended 31 January 2021
Velam Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
12408748
As at 31 January 2021
Velam Limited
Statement of Financial Position
£
2021
Notes
Fixed assets
Property, plant and equipment
2,226
2
2,226
Current assets
Trade and other receivables
5,450
Cash and cash equivalents
2
5,452
Trade and other payables: amounts falling due within one
year
(9,067)
(3,615)
Net current liabilities
Total assets less current liabilities
(1,389)
Trade and other payables: amounts falling due after more
than one year
(43,333)
3
(44,722)
Net assets/liabilities
Capital and reserves
Called up share capital
5,450
Retained earnings
(50,172)
(44,722)
Shareholders' funds
For the period ended 31 January 2021 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 of its financial statements for the period ended 31 January 2021 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Reginald Stephen Knockton Director
These financial statements were approved and authorised for issue by the Board on 05 September 2022 and were signed by:
The notes form part of these financial statements
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4
For the period ended 31 January 2021
Velam Limited
Notes to the Financial Statements
Statutory Information
Velam Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
12408748.
Principal place of business:
Flat 1
6 Cornwall Road
Harrogate
North Yorkshire
HG1 2PL
Registered address:
2 Defender Court
Sunderland Enterprise Park
Sunderland
Tyne & Wear
SR5 3PE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Computer Equipment
2. Property, plant and equipment
Computer
Equipment
£
Cost or
valuation
2,627
Additions
At 31 January 2021
2,627
Provision for depreciation and impairment
Charge for period
401
At 31 January 2021
401
At 31 January 2021
Net book value
2,226
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5
For the period ended 31 January 2021
Velam Limited
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due after more than one year
2021
£
Bank loans and overdraft
43,333
4. Related party transactions
As at 31 January 2021, Mr Reginald Stephen Knockton (director of the company) owed £3,543. This balance was in
relation to a loan.
As at 31 January 2021, Ms Rebecca Holt (director of the company) owed £1,907. This balance was in relation to a
loan.
5. Average number of persons employed
During the period the average number of employees was 2 .
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