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Company registration number: 12983166
VALLEY2VIEW LIMITED
REPORT OF THE DIRECTOR'S AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 January 2024

VALLEY2VIEW LIMITED
BALANCE SHEET
AS AT 31 January 2024
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets327,87037,160
Tangible assets42,1672,549
30,03739,709
CURRENT ASSETS
Stocks7,0508,250
Debtors4,384781
Cash at bank and in hand4,2405,658
15,67414,689
CREDITORS
Amounts falling due within one year (45,286) (39,819)
NET CURRENT ASSETS (29,612) (25,130)
TOTAL ASSETS LESS
CURRENT LIABILITIES 425 14,579
NET ASSETS 425 14,579
CAPITAL AND RESERVES
Called-up equity share capital 1 1
Profit and loss account 424 14,578
SHAREHOLDERS FUNDS 425 14,579
For the year ending 31 January 2024 the company was entitled to exemption 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 the accounts.
All the members have consented to the preparation of abridged financial statements for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 24 October 2024 and signed on its behalf.
..........................................................................
L Assad
24 October 2024
The annexed notes form part of these financial statements.

VALLEY2VIEW LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
1. Accounting policies
Statutory information
Valley2view Limited is a private company, limited by shares, registered in England and Wales. The presentation currency of the financial statements is the £ sterling.
Statement of compliance
These financial statements have been prepared in accordance with the provisions of Section 1A 'Small entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There were no material departures from the standard.
Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible Assets
Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired. Goodwill is initially recoreded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.
Fixed Assets
Tangible fixed assets are stated at cost less depreciation. Depreciation i provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures and Fittings - 15 % reducing balance basis
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. The recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset from which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit and loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed if, and only if, the reasons for the impairment cease to apply.
Stocks and Work In Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.Employees
The average number of persons employed by the company (including directors) during the year was 2.
3.Intangible fixed assets
Total
Cost
At start of period46,450
At end of period 46,450
Amortisation
At start of period9,290
Provided during the period9,290
At end of period18,580
Net Book Values
At start of period37,160
At end of period27,870
4.Tangible fixed assets
Total
Cost
At start of period3,437
At end of period3,437
Depreciation
At start of period888
Provided during the period382
At end of period1,270
Net Book Value
At start of period2,549
At end of period2,167