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REGISTERED NUMBER: 06779688 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Valued First Limited

Valued First Limited (Registered number: 06779688)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Valued First Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Mr Y Ali





REGISTERED OFFICE: 4 Station Avenue
Coventry
CV4 9HS





REGISTERED NUMBER: 06779688 (England and Wales)





ACCOUNTANTS: Sachdevs
Chartered Accountants
4 Station Avenue
Tile Hill
Coventry
West Midlands
CV4 9HS

Valued First Limited (Registered number: 06779688)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 701 422

CURRENT ASSETS
Debtors 5 20,625 10,500
Cash at bank 120,209 73,285
140,834 83,785
CREDITORS
Amounts falling due within one year 6 113,436 66,158
NET CURRENT ASSETS 27,398 17,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,099

18,049

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 28,097 18,047
SHAREHOLDERS' FUNDS 28,099 18,049

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Valued First Limited (Registered number: 06779688)

Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2023 and were signed by:





Mr Y Ali - Director


Valued First Limited (Registered number: 06779688)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Valued First Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Valued First Limited (Registered number: 06779688)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 630
Additions 624
At 31 August 2023 1,254
DEPRECIATION
At 1 September 2022 208
Charge for year 345
At 31 August 2023 553
NET BOOK VALUE
At 31 August 2023 701
At 31 August 2022 422

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 20,625 10,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Taxation and social security 32,314 21,144
Other creditors 81,122 45,014
113,436 66,158