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REGISTERED NUMBER: 09051264 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Valkin Limited

Valkin Limited (Registered number: 09051264)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3 to 4

Notes to the financial statements 5 to 7


Valkin Limited

Company Information
for the Year Ended 31 December 2023







Director: V Harishchandra





Registered office: 27 Market Place
Market Deeping
Peterborough
Cambs
PE6 8EA





Business address: Ground Floor
2 Woodberry Grove
London
N12 0DR





Registered number: 09051264 (England and Wales)





Accountants: Moore Thompson
27 Market Place
Market Deeping
Peterborough
Cambridgeshire
PE6 8EA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Valkin Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Report of the director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Valkin Limited for the year ended 31 December 2023 which comprise the Income statement, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Valkin Limited in accordance with the terms of our engagement letter dated 15 April 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Valkin Limited and state those matters that we have agreed to state to the director of Valkin Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Valkin Limited and its director for our work or for this report.

It is your duty to ensure that Valkin Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Valkin Limited. You consider that Valkin Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Valkin Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
27 Market Place
Market Deeping
Peterborough
Cambridgeshire
PE6 8EA


6 September 2024

Valkin Limited (Registered number: 09051264)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 5 8,121 8,075
Investments 6 81,689 141,473
89,810 149,548

Current assets
Stocks 762,780 -
Debtors 7 2,212,509 847,372
Investments 8 313 137,568
Cash at bank 159,484 570,400
3,135,086 1,555,340
Creditors
Amounts falling due within one year 9 2,505,390 1,145,924
Net current assets 629,696 409,416
Total assets less current liabilities 719,506 558,964

Capital and reserves
Called up share capital 1 1
Share premium 820,353 710,353
Retained earnings (100,848 ) (151,390 )
Shareholders' funds 719,506 558,964

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Valkin Limited (Registered number: 09051264)

Statement of Financial Position - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 September 2024 and were signed by:





V Harishchandra - Director


Valkin Limited (Registered number: 09051264)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. Statutory information

Valkin Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on a straight line basis

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Valkin Limited (Registered number: 09051264)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


3. Accounting policies - continued

Cash and cash equivalents
Cash represents cash in hand and deposits held on demand with financial institutions. Cash equivalents are short-term, highly-liquid investments with original maturities of three months or less (as at their date of acquisitions). Cash equivalents are readily convertible to known amounts of cash and subject to an insignificant risk of change in that cash value.

4. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

5. Tangible fixed assets
Software
development Computer
costs equipment Totals
£    £    £   
Cost
At 1 January 2023 8,075 18,499 26,574
Additions - 1,274 1,274
At 31 December 2023 8,075 19,773 27,848
Depreciation
At 1 January 2023 - 18,499 18,499
Charge for year 807 421 1,228
At 31 December 2023 807 18,920 19,727
Net book value
At 31 December 2023 7,268 853 8,121
At 31 December 2022 8,075 - 8,075

6. Fixed asset investments

2023 2022
£    £   
Other investments not loans 81,689 141,473

Additional information is as follows:
Other
investments
£   
Cost
At 1 January 2023 82,935
Reclassification/transfer (82,935 )
At 31 December 2023 -
Net book value
At 31 December 2023 -
At 31 December 2022 82,935


Valkin Limited (Registered number: 09051264)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. Fixed asset investments - continued
Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Valkin Private Limited 81,689 58,538

7. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 1,697,697 508,355
Amounts owed by participating interests 513,495 336,534
Other debtors 1,317 2,483
2,212,509 847,372

8. Current asset investments
2023 2022
£    £   
Unlisted investments 313 137,568

9. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 866,503 12,761
Amounts owed to participating interests 411,174 907,176
Taxation and social security 126,068 -
Other creditors 1,101,645 225,987
2,505,390 1,145,924