Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 07894905 Mr Shimon Freed Mr. Shimon Freed. true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07894905 2023-01-31 07894905 2024-01-31 07894905 2023-02-01 2024-01-31 07894905 frs-core:CurrentFinancialInstruments 2024-01-31 07894905 frs-core:MotorVehicles 2024-01-31 07894905 frs-core:MotorVehicles 2023-02-01 2024-01-31 07894905 frs-core:MotorVehicles 2023-01-31 07894905 frs-core:ShareCapital 2024-01-31 07894905 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 07894905 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07894905 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 07894905 frs-bus:SmallEntities 2023-02-01 2024-01-31 07894905 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07894905 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07894905 frs-bus:OrdinaryShareClass1 2023-02-01 2024-01-31 07894905 frs-bus:OrdinaryShareClass1 2024-01-31 07894905 1 2023-02-01 2024-01-31 07894905 frs-bus:Director1 2023-02-01 2024-01-31 07894905 frs-countries:EnglandWales 2023-02-01 2024-01-31 07894905 2022-01-31 07894905 2023-01-31 07894905 2022-02-01 2023-01-31 07894905 frs-core:CurrentFinancialInstruments 2023-01-31 07894905 frs-core:ShareCapital 2023-01-31 07894905 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 07894905 frs-bus:OrdinaryShareClass1 2022-02-01 2023-01-31
Registered number: 07894905
BLUE VALEY LTD
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07894905
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,050 -
7,050 -
CURRENT ASSETS
Debtors 5 1 1
Cash at bank and in hand 47,813 50,232
47,814 50,233
Creditors: Amounts Falling Due Within One Year 6 (40,628 ) (40,083 )
NET CURRENT ASSETS (LIABILITIES) 7,186 10,150
TOTAL ASSETS LESS CURRENT LIABILITIES 14,236 10,150
NET ASSETS 14,236 10,150
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 14,235 10,149
SHAREHOLDERS' FUNDS 14,236 10,150
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Shimon Freed
Director
14th October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
BLUE VALEY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07894905 . The registered office is 135 Ravensdale Road, Stamford Hill, London, N16 6TH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% of Net Book Value
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
Page 3
Page 4
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 February 2023 -
Additions 9,400
As at 31 January 2024 9,400
Depreciation
As at 1 February 2023 -
Provided during the period 2,350
As at 31 January 2024 2,350
Net Book Value
As at 31 January 2024 7,050
As at 1 February 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 1 1
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 2,339 2,354
Other creditors 37,829 37,319
Accruals and deferred income 460 410
40,628 40,083
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.000 each 1 1
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr. Shimon Freed. by virtue of his ownership of 100% of the issued share capital in the company.
Page 4