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Company No: 06748282 (England and Wales)

VALUED FD LIMITED

Unaudited Financial Statements
For the financial period from 01 December 2022 to 31 May 2024
Pages for filing with the registrar

VALUED FD LIMITED

Unaudited Financial Statements

For the financial period from 01 December 2022 to 31 May 2024

Contents

VALUED FD LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 May 2024
VALUED FD LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 May 2024
31.05.2024 30.11.2022
£ £
Current assets
Debtors 3 117 258
Cash at bank and in hand 24,331 42,632
24,448 42,890
Creditors: amounts falling due within one year 4 ( 780) ( 917)
Net current assets 23,668 41,973
Total assets less current liabilities 23,668 41,973
Net assets 23,668 41,973
Capital and reserves
Called-up share capital 5 100 100
Profit and loss account 23,568 41,873
Total shareholders' funds 23,668 41,973

For the financial period ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Valued FD Limited (registered number: 06748282) were approved and authorised for issue by the Board of Directors on 23 July 2024. They were signed on its behalf by:

Mr P H Kelland
Director
VALUED FD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 December 2022 to 31 May 2024
VALUED FD LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 December 2022 to 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Valued FD Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 36 Wellington Walk, Henleaze, Bristol, BS10 5ET, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

In 2024 the directors made the decision that the Company would cease trading. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value.

Reporting period length

The reporting period length has changed resulting in a longer accounting period. This is due to the company ceasing to trade within the period. Therefore the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

Period from
01.12.2022 to
31.05.2024
Year ended
30.11.2022
Number Number
Monthly average number of persons employed by the Company during the period, including directors 2 2

3. Debtors

31.05.2024 30.11.2022
£ £
Corporation tax 117 258

4. Creditors: amounts falling due within one year

31.05.2024 30.11.2022
£ £
Amounts owed to directors 0 317
Accruals 780 600
780 917

5. Called-up share capital

31.05.2024 30.11.2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

6. Related party transactions

Transactions with the entity's directors

31.05.2024 30.11.2022
£ £
Amount owed to directors 0 317