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Company Registration No. 08820838 (England and Wales)
VALMIND (UK) LIMITED Unaudited accounts for the year ended 31 December 2023
VALMIND (UK) LIMITED Unaudited accounts Contents
Page
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VALMIND (UK) LIMITED Company Information for the year ended 31 December 2023
Director
Suria Puthuparambil Rajendran
Company Number
08820838 (England and Wales)
Registered Office
5 Brayford Square London E1 0SG England
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VALMIND (UK) LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
212 
265 
Current assets
Debtors
3,307 
- 
Cash at bank and in hand
9,584 
12,878 
12,891 
12,878 
Creditors: amounts falling due within one year
(16,793)
(16,557)
Net current liabilities
(3,902)
(3,679)
Total assets less current liabilities
(3,690)
(3,414)
Creditors: amounts falling due after more than one year
(1,332)
(2,245)
Provisions for liabilities
Deferred tax
(39)
(49)
Net liabilities
(5,061)
(5,708)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(6,061)
(6,708)
Shareholders' funds
(5,061)
(5,708)
For the year ending 31 December 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 her 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 2 September 2024 and were signed on its behalf by
Suria Puthuparambil Rajendran Director Company Registration No. 08820838
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VALMIND (UK) LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
VALMIND (UK) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08820838. The registered office is 5 Brayford Square, London, E1 0SG, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20%
Government grants
Government grants are recognised as other income once there is reasonable assurance that all conditions relating to the grant have been attained and that the grant will be received. During the previous year the company was in receipt of relief in respect of the Coronavirus Job Retention Scheme and other Govt. Grants 20581. The income is recorded based on the periods for which the claims are made during the financial year.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
730 
At 31 December 2023
730 
Depreciation
At 1 January 2023
465 
Charge for the year
53 
At 31 December 2023
518 
Net book value
At 31 December 2023
212 
At 31 December 2022
265 
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VALMIND (UK) LIMITED Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,307 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
913 
890 
Taxes and social security
162 
97 
Other creditors
4,284 
4,284 
Loans from directors
10,954 
10,746 
Accruals
480 
540 
16,793 
16,557 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,332 
2,245 
8
Average number of employees
During the year the average number of employees was 0 (2022: 1).
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