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REGISTERED NUMBER: 06362156 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

The Value Space Limited

The Value Space Limited (Registered number: 06362156)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


The Value Space Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mrs K Kutwaroo
Dr G Kutwaroo





SECRETARY: Mrs K Kutwaroo





REGISTERED OFFICE: 26 Poplar Close
Epsom
Surrey
KT17 3LH





REGISTERED NUMBER: 06362156 (England and Wales)





ACCOUNTANTS: Eagle Accountancy (UK) Limited
2 Coracle Offices
St Catherine Street
Carmarthen
Carmarthenshire
SA31 1RD

The Value Space Limited (Registered number: 06362156)

Statement of Financial Position
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 250 250
Tangible assets 5 12,540 17,793
12,790 18,043

CURRENT ASSETS
Debtors 6 - 15,640
Cash at bank 3,802 1,895
3,802 17,535
CREDITORS
Amounts falling due within one year 7 19,712 18,311
NET CURRENT LIABILITIES (15,910 ) (776 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,120

)

17,267

CREDITORS
Amounts falling due after more than one year 8 (25,529 ) (30,712 )

PROVISIONS FOR LIABILITIES (201 ) (201 )
NET LIABILITIES (28,850 ) (13,646 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (28,950 ) (13,746 )
SHAREHOLDERS' FUNDS (28,850 ) (13,646 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The Value Space Limited (Registered number: 06362156)

Statement of Financial Position - continued
30 September 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 Board of Directors and authorised for issue on 20 October 2024 and were signed on its behalf by:




Dr G Kutwaroo - Director



Mrs K Kutwaroo - Director


The Value Space Limited (Registered number: 06362156)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

The Value Space 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 15% on cost
Computer equipment - 50% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

The Value Space Limited (Registered number: 06362156)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 8,000 250 8,250
AMORTISATION
At 1 October 2022
and 30 September 2023 8,000 - 8,000
NET BOOK VALUE
At 30 September 2023 - 250 250
At 30 September 2022 - 250 250

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 October 2022 24,538 516 11,323 36,377
Additions - - 933 933
At 30 September 2023 24,538 516 12,256 37,310
DEPRECIATION
At 1 October 2022 8,368 516 9,700 18,584
Charge for year 4,908 - 1,278 6,186
At 30 September 2023 13,276 516 10,978 24,770
NET BOOK VALUE
At 30 September 2023 11,262 - 1,278 12,540
At 30 September 2022 16,170 - 1,623 17,793

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors - 15,640

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 7,289 7,371
Trade creditors 1,872 2,544
Tax 1,661 4,497
Social security and other taxes 331 2,635
Other creditors 6,819 -
Directors' current accounts 563 138
Accruals and deferred income 1,177 1,126
19,712 18,311

The Value Space Limited (Registered number: 06362156)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans - 2-5 years 25,529 30,712