Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 10029444 Mr Lubert Palacios Fiestas iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10029444 2023-02-28 10029444 2024-02-28 10029444 2023-03-01 2024-02-28 10029444 frs-core:CurrentFinancialInstruments 2024-02-28 10029444 frs-core:ComputerEquipment 2024-02-28 10029444 frs-core:ComputerEquipment 2023-03-01 2024-02-28 10029444 frs-core:ComputerEquipment 2023-02-28 10029444 frs-core:ShareCapital 2024-02-28 10029444 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 10029444 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 10029444 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 10029444 frs-bus:SmallEntities 2023-03-01 2024-02-28 10029444 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 10029444 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 10029444 frs-bus:Director1 2023-03-01 2024-02-28 10029444 frs-bus:Director1 2023-02-28 10029444 frs-bus:Director1 2024-02-28 10029444 frs-countries:EnglandWales 2023-03-01 2024-02-28 10029444 2022-02-28 10029444 2023-02-28 10029444 2022-03-01 2023-02-28 10029444 frs-core:CurrentFinancialInstruments 2023-02-28 10029444 frs-core:ShareCapital 2023-02-28 10029444 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10029444
Valental Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Hudson Conway & Co.
70 White Lion Street
Angel
London
N1 9PP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10029444
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,442 4,590
3,442 4,590
CURRENT ASSETS
Debtors 5 43,128 1,488
Cash at bank and in hand 292 55,972
43,420 57,460
Creditors: Amounts Falling Due Within One Year 6 (3,867 ) 1,401
NET CURRENT ASSETS (LIABILITIES) 39,553 58,861
TOTAL ASSETS LESS CURRENT LIABILITIES 42,995 63,451
NET ASSETS 42,995 63,451
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 42,994 63,450
SHAREHOLDERS' FUNDS 42,995 63,451
Page 1
Page 2
For the year ending 28 February 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 Lubert Palacios Fiestas
Director
13/08/2024
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
Valental Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10029444 . The registered office is Office 4 Prospect House, 399 Hendon Way, London, NW4 3LH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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:
Computer Equipment 25% RBM
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 15,361
As at 28 February 2024 15,361
Depreciation
As at 1 March 2023 10,771
Provided during the period 1,148
As at 28 February 2024 11,919
Net Book Value
As at 28 February 2024 3,442
As at 1 March 2023 4,590
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,488 1,488
Director's loan account 41,640 -
43,128 1,488
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - (6,678 )
VAT 3,867 3,867
Director's loan account - 1,410
3,867 (1,401 )
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 28 February 2024
£ £ £ £ £
Mr Lubert Palacios Fiestas 1,409 61,614 18,564 - 41,640
The above loan is unsecured, interest free and repayable on demand.
Page 4