2023-01-012023-12-312023-12-31false12726705LOCALVALU 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LOCALVALU LIMITED

Registered Number
12726705
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

LOCALVALU LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

DAVEY, Jacqueline Anne
DHORAJIWALA, Kishan
DHORAJIWALA, Neeta Kausik
HAYWARD, Kim Harry
HINDOCHA, Kaushik
O'HERLIHY, Derek Daniel
SAUNDERS, Russell

Company Secretary

SHAH, Paresh Kumar Velji

Registered Address

Np-105 Icentre
Howard Way
Newport Pagnell
MK16 9PY

Registered Number

12726705 (England and Wales)
LOCALVALU LIMITED
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets3550880
Tangible assets43,3614,946
3,9115,826
Current assets
Debtors535,53885,679
Cash at bank and on hand61,09919,412
96,637105,091
Creditors amounts falling due within one year6(17,374)(82,031)
Net current assets (liabilities)79,26323,060
Total assets less current liabilities83,17428,886
Creditors amounts falling due after one year7(146,248)-
Net assets(63,074)28,886
Capital and reserves
Called up share capital1,086980
Share premium842,684524,790
Profit and loss account(906,844)(496,884)
Shareholders' funds(63,074)28,886
The financial statements were approved and authorised for issue by the Board of Directors on 5 September 2024, and are signed on its behalf by:
DHORAJIWALA, Neeta Kausik
Director
Registered Company No. 12726705
LOCALVALU LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined pension contribution plans are expensed in the period to which they relate.
Intangible assets
Intangible asstes relates to Webiste Cost and is amortised over 5 years
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20232022
Average number of employees during the year57
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 231,6501,650
At 31 December 231,6501,650
Amortisation and impairment
At 01 January 23770770
Charge for year330330
At 31 December 231,1001,100
Net book value
At 31 December 23550550
At 31 December 22880880
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 237,3127,312
Additions1,0181,018
At 31 December 238,3308,330
Depreciation and impairment
At 01 January 232,3662,366
Charge for year2,6032,603
At 31 December 234,9694,969
Net book value
At 31 December 233,3613,361
At 31 December 224,9464,946
5.Debtors: amounts due within one year

2023

2022

££
Other debtors29,03480,125
Called up share capital not paid, current asset5050
Prepayments and accrued income6,4545,504
Total35,53885,679
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables6,01964,187
Taxation and social security-482
Other creditors7,1154,744
Accrued liabilities and deferred income4,24012,618
Total17,37482,031
7.Creditors: amounts due after one year

2023

2022

££
Amounts owed to related parties146,248-
Total146,248-
8.Related party transactions
Summary of transactions with other related parties At the balance sheet date the company owed £146K (2022: £nil) to Instant Discounts Limited All of the amounts have no interest charged and are repayable on demand. These companies are connected by the common directorship Neeta Dhorajiwala.