Company Registration No. 07412958 (England and Wales)
THEITVALLEY LTD
Unaudited accounts
for the year ended 31 October 2023
THEITVALLEY LTD
Unaudited accounts
Contents
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
THEITVALLEY LTD
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
-
136
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
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
THEITVALLEY LTD
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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
THEITVALLEY LTD
Notes to the Accounts
for the year ended 31 October 2023
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
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
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).