Company registration number 13608005 (England and Wales)
VALU2 INNOVATIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
VALU2 INNOVATIONS LIMITED
COMPANY INFORMATION
Director
P J Brown
Secretary
O Plummer
Company number
13608005
Registered office
C/O Kingston Accountants Ltd
87 Chancery Lane
Ground Floor
London
England
WC2A 1ET
Accountants
Kingston Burrowes Accountants
308 Ewell Road
Surbiton
Surrey
KT6 7AL
VALU2 INNOVATIONS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet and notes to the financial statements
2 - 3
VALU2 INNOVATIONS LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF VALU2 INNOVATIONS LIMITED
- 1 -
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 December 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that comply with the requirements of the Acts.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Kingston Burrowes Accountants
17 September 2024
Accountants
308 Ewell Road
Surbiton
Surrey
KT6 7AL
VALU2 INNOVATIONS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
2023
2022
£
£
£
£
Fixed assets
50,372
62,965
Current assets
51
17,334
Creditors: amounts falling due within one year
(377,660)
(281,366)
Net current liabilities
(377,609)
(264,032)
Total assets less current liabilities
(327,237)
(201,067)
Net liabilities
(327,237)
(201,067)
Capital and reserves
(327,237)
(201,067)
Notes to the financial statements
1
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
2
2
2
Related party transactions
There are no related party transactions in the year ended 31 December 2023.
3
Intangible Fixed Assets
Intangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Amortisation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.
Website 20% on cost (Straight Line)
VALU2 INNOVATIONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 3 -
Valu2 Innovations Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O Kingston Accountants Ltd, 87 Chancery Lane, Ground Floor, London, England, WC2A 1ET.
For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 17 September 2024
P J Brown
Director
Company registration number 13608005 (England and Wales)
VALU2 INNOVATIONS LIMITED
SCHEDULE OF INTANGIBLE ASSETS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
Intangible fixed assets
Website
£
Cost
At 1 January 2023 and 31 December 2023
62,965
Amortisation and impairment
At 1 January 2023
-
Amortisation charged for the year
12,593
At 31 December 2023
12,593
Carrying amount
At 31 December 2023
50,372
At 31 December 2022
62,965