Valepalm Limited |
Registered number: |
12368982 |
Balance Sheet |
as at 31 December 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Current assets |
Debtors |
3 |
|
50,650 |
|
|
50,650 |
Cash at bank and in hand |
|
|
77 |
|
|
9 |
|
|
|
50,727 |
|
|
50,659 |
|
|
Net current assets |
|
|
|
50,727 |
|
|
50,659 |
|
Total assets less current liabilities |
|
|
|
50,727 |
|
|
50,659 |
|
Creditors: amounts falling due after more than one year |
4 |
|
|
(51,032) |
|
|
(50,681) |
|
|
|
Net liabilities |
|
|
|
(305) |
|
|
(22) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
2 |
|
|
2 |
Profit and loss account |
|
|
|
(307) |
|
|
(24) |
|
Shareholders' funds |
|
|
|
(305) |
|
|
(22) |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
M R Ehrenfeld |
Director |
Approved by the board on 24 November 2024 |
|
Valepalm Limited |
Notes to the Accounts |
for the year ended 31 December 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
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 as the amount of tax payable using 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 timing differences. |
|
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. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
3 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
650 |
|
650 |
|
Other debtors |
50,000 |
|
50,000 |
|
|
|
|
|
|
50,650 |
|
50,650 |
|
|
|
|
|
|
|
|
|
|
4 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans |
38,593 |
|
41,202 |
|
Other creditors |
12,439 |
|
9,479 |
|
|
|
|
|
|
51,032 |
|
50,681 |
|
|
|
|
|
|
|
|
|
|
5 |
Other information |
|
|
Valepalm Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Flat 2 |
|
74 Amhurst Park |
|
London |
|
N16 5AR |