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Company Registration No. 07412958 (England and Wales)
THEITVALLEY LTD Unaudited accounts for the year ended 31 October 2023
THEITVALLEY LTD Unaudited accounts Contents
Page
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THEITVALLEY LTD Company Information for the year ended 31 October 2023
Director
Muhammad Sarfaraz Ahmed
Company Number
07412958 (England and Wales)
Registered Office
15 Waterloo Road Ilford Essex IG6 2EG
Accountants
Accounts & Tax Advisor Ltd 27 Mayesbrook Road Dagenham Essex RM8 2EA
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THEITVALLEY LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
12,901 
14,807 
Cash at bank and in hand
- 
136 
12,901 
14,943 
Creditors: amounts falling due within one year
(6,508)
(5,090)
Net current assets
6,393 
9,853 
Total assets less current liabilities
6,393 
9,853 
Creditors: amounts falling due after more than one year
(7,104)
(6,931)
Net (liabilities)/assets
(711)
2,922 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(712)
2,921 
Shareholders' funds
(711)
2,922 
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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 31 July 2024 and were signed on its behalf by
Muhammad Sarfaraz Ahmed Director Company Registration No. 07412958
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THEITVALLEY LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
THEITVALLEY LTD is a private company, limited by shares, registered in England and Wales, registration number 07412958. The registered office is 15 Waterloo Road, Ilford, Essex, IG6 2EG.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% straight line basis
Going concern
The company is a going concern. It embarks on long term projects for which the income arises at completion. The company is funded and supported by long term shareholders.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 November 2022
1,600 
At 31 October 2023
1,600 
Depreciation
At 1 November 2022
1,600 
At 31 October 2023
1,600 
Net book value
At 31 October 2023
- 
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THEITVALLEY LTD Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
12,901 
14,807 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,993 
25 
Taxes and social security
4,515 
5,065 
6,508 
5,090 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,104 
6,931 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Controlling party
The company was under the control of Mr Muhammad Sarfaraz Ahmed throughout the current year. Mr Ahmed is the managing director and majority shareholder.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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