0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 491 491 xbrli:pure xbrli:shares iso4217:EUR 06437047 2022-12-01 2023-11-30 06437047 2023-11-30 06437047 2022-11-30 06437047 2021-12-01 2022-11-30 06437047 2022-11-30 06437047 2021-11-30 06437047 bus:Director1 2022-12-01 2023-11-30 06437047 core:WithinOneYear 2023-11-30 06437047 core:WithinOneYear 2022-11-30 06437047 core:ShareCapital 2023-11-30 06437047 core:ShareCapital 2022-11-30 06437047 core:RetainedEarningsAccumulatedLosses 2023-11-30 06437047 core:RetainedEarningsAccumulatedLosses 2022-11-30 06437047 bus:Director1 2022-11-30 06437047 bus:Director1 2023-11-30 06437047 bus:Director1 2021-11-30 06437047 bus:Director1 2022-11-30 06437047 bus:Director1 2021-12-01 2022-11-30 06437047 bus:SmallEntities 2022-12-01 2023-11-30 06437047 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 06437047 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 06437047 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06437047 bus:FullAccounts 2022-12-01 2023-11-30 06437047 core:ComputerEquipment 2022-12-01 2023-11-30 06437047 core:ComputerEquipment 2023-11-30
COMPANY REGISTRATION NUMBER: 06437047
VALCOURT LTD
Filleted Unaudited Financial Statements
30 November 2023
VALCOURT LTD
Statement of Financial Position
30 November 2023
2023
2022
Note
Current assets
Debtors
5
50,780
26,780
Cash at bank and in hand
157,302
145,723
---------
---------
208,082
172,503
Creditors: amounts falling due within one year
6
( 241,541)
( 189,244)
---------
---------
Net current liabilities
( 33,459)
( 16,741)
--------
--------
Total assets less current liabilities
( 33,459)
( 16,741)
--------
--------
Net liabilities
( 33,459)
( 16,741)
--------
--------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
( 34,459)
( 17,741)
--------
--------
Shareholders deficit
( 33,459)
( 16,741)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 August 2024 , and are signed on behalf of the board by:
Mr. A. MARZIANO
Director
Company registration number: 06437047
VALCOURT LTD
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Wilberforce House, Station Road, NW4 4QE, London.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable services rendered, stated net of discounts and of Value Added Tax.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Tangible assets
Equipment
Total
Cost
At 1 December 2022 and 30 November 2023
491
491
----
----
Depreciation
At 1 December 2022 and 30 November 2023
491
491
----
----
Carrying amount
At 30 November 2023
----
----
At 30 November 2022
----
----
5. Debtors
2023
2022
Trade debtors
50,098
26,098
Other debtors
682
682
--------
--------
50,780
26,780
--------
--------
6. Creditors: amounts falling due within one year
2023
2022
Trade creditors
26,891
2,121
Other creditors
214,650
187,123
---------
---------
241,541
189,244
---------
---------
7. Financial instruments
Where reduced disclosures are applied, disclosures from the Companies Act 2006 still need to be made regarding the fair value of the instruments in each category and the changes in value recognised in profit and loss. Disclosures of the significant assumptions underlying the valuation models and techniques used, and extent and nature of derivative instruments are also required.
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
Mr. A. MARZIANO
( 186,223)
( 16,366)
( 202,589)
---------
--------
---------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
Mr. A. MARZIANO
( 185,108)
( 1,115)
( 186,223)
---------
-------
---------