Registered Number:12408748 |
For the period ended 31 January 2021
England and Wales
Unaudited Financial Statements
For the period ended 31 January 2021
Velam Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Velam Limited
Statement of Financial Position
2021
Property, plant and equipment |
2,226
2
2,226
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
5,450
(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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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
2 Defender Court
Sunderland Enterprise Park
Sunderland
Tyne & Wear
SR5 3PE
The presentation currency is £ sterling. |
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: |
Computer Equipment
2. Property, plant and equipment |
2,627
2,627
Provision for depreciation and impairment |
Charge for period
401
401
2,226
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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
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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