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REGISTERED NUMBER: 10515770 (England and Wales)















THE VALUE XCHANGE LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






THE VALUE XCHANGE LIMITED (REGISTERED NUMBER: 10515770)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE VALUE XCHANGE LIMITED

Company Information
for the year ended 31 March 2024







DIRECTORS: Mrs J A Peters
D C Peters
J G Wilson
Mrs E L Wilson





SECRETARY: D C Peters





REGISTERED OFFICE: The Old Post Office House
Main Road
Knockholt
Sevenoaks
TN14 7LH





REGISTERED NUMBER: 10515770 (England and Wales)





ACCOUNTANTS: Xeinadin
Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ

THE VALUE XCHANGE LIMITED (REGISTERED NUMBER: 10515770)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 41,105 52,231
Cash at bank 24,330 91,980
65,435 144,211
CREDITORS
Amounts falling due within one year 5 44,580 83,154
NET CURRENT ASSETS 20,855 61,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,855

61,057

CREDITORS
Amounts falling due after more than one year 6 20,752 30,746
NET ASSETS 103 30,311

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 3 30,211
103 30,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 XCHANGE LIMITED (REGISTERED NUMBER: 10515770)

Balance Sheet - continued
31 March 2024


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 18 November 2024 and were signed on its behalf by:




D C Peters - Director



J G Wilson - Director


THE VALUE XCHANGE LIMITED (REGISTERED NUMBER: 10515770)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

The Value Xchange 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.

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 balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

THE VALUE XCHANGE LIMITED (REGISTERED NUMBER: 10515770)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,448 22,494
Other debtors 17,657 29,737
41,105 52,231

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,994 9,747
Trade creditors 781 905
Taxation and social security 29,617 65,323
Other creditors 4,188 7,179
44,580 83,154

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 20,752 30,746

7. RESERVES
Retained
earnings
£   

At 1 April 2023 30,211
Profit for the year 54,416
Dividends (84,624 )
At 31 March 2024 3

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
D C Peters
Balance outstanding at start of year - -
Amounts advanced 4,040 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,040 -

THE VALUE XCHANGE LIMITED (REGISTERED NUMBER: 10515770)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs J A Peters
Balance outstanding at start of year - -
Amounts advanced 4,590 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,590 -

J G Wilson
Balance outstanding at start of year - -
Amounts advanced 4,513 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,513 -

Mrs E L Wilson
Balance outstanding at start of year - -
Amounts advanced 4,514 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,514 -