1 November 2022 false No description of principal activity Taxfiler 2023.10 SC679078business:PrivateLimitedCompanyLtd2022-11-012023-10-31 SC6790782022-10-31 SC6790782022-11-012023-10-31 SC679078business:AuditExempt-NoAccountantsReport2022-11-012023-10-31 SC679078business:AbridgedAccounts2022-11-012023-10-31 SC6790782023-10-31 SC679078business:Director12022-11-012023-10-31 SC679078business:RegisteredOffice2022-11-012023-10-31 SC6790782022-10-31 SC679078core:WithinOneYear2023-10-31 SC679078core:WithinOneYear2022-10-31 SC679078core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 SC679078core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 SC679078core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 SC679078core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 SC679078core:PreviouslyStatedAmount2023-10-31 SC679078core:PreviouslyStatedAmount2022-10-31 SC679078business:SmallEntities2022-11-012023-10-31 SC679078countries:Scotland2022-11-012023-10-31 SC679078core:PlantMachinery2022-11-012023-10-31 SC679078core:MotorVehicles2022-11-012023-10-31 SC679078core:FurnitureFittings2022-11-012023-10-31 SC679078core:ComputerEquipment2022-11-012023-10-31 SC6790782021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. SC679078 (Scotland)
VALOREM VIRTUAL FINANCE LTD Unaudited accounts for the year ended 31 October 2023
VALOREM VIRTUAL FINANCE LTD Unaudited accounts Contents
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VALOREM VIRTUAL FINANCE LTD Company Information for the year ended 31 October 2023
Director
Nicola Yale
Company Number
SC679078 (Scotland)
Registered Office
80 Main Street Alexandria G83 0PB United Kingdom
Accountants
Valorem Virtual Finance Ltd 80 Main Street Alexandria West Dunbartonshire G83 0PB
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VALOREM VIRTUAL FINANCE LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,357 
2,854 
Current assets
Debtors
4,977 
775 
Cash at bank and in hand
1,769 
2,438 
6,746 
3,213 
Creditors: amounts falling due within one year
(3,488)
(2,213)
Net current assets
3,258 
1,000 
Net assets
6,615 
3,854 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
6,614 
3,853 
Shareholders' funds
6,615 
3,854 
For the year ending 31 October 2023 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 1 November 2023 and were signed on its behalf by
Nicola Yale Director Company Registration No. SC679078
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VALOREM VIRTUAL FINANCE LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
VALOREM VIRTUAL FINANCE LTD is a private company, limited by shares, registered in Scotland, registration number SC679078. The registered office is 80 Main Street, Alexandria, G83 0PB, 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.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33%
Motor vehicles
33%
Fixtures & fittings
33%
Computer equipment
33%
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 November 2022
3,936 
Additions
1,503 
Disposals
(327)
At 31 October 2023
5,112 
Depreciation
At 1 November 2022
1,082 
Charge for the year
673 
At 31 October 2023
1,755 
Net book value
At 31 October 2023
3,357 
At 31 October 2022
2,854 
5
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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