Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10199110 Mr Valeri Aleksiev iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10199110 2023-05-31 10199110 2024-05-31 10199110 2023-06-01 2024-05-31 10199110 frs-core:CurrentFinancialInstruments 2024-05-31 10199110 frs-core:ComputerEquipment 2024-05-31 10199110 frs-core:ComputerEquipment 2023-06-01 2024-05-31 10199110 frs-core:ComputerEquipment 2023-05-31 10199110 frs-core:PlantMachinery 2024-05-31 10199110 frs-core:PlantMachinery 2023-06-01 2024-05-31 10199110 frs-core:PlantMachinery 2023-05-31 10199110 frs-core:ShareCapital 2024-05-31 10199110 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10199110 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10199110 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10199110 frs-bus:SmallEntities 2023-06-01 2024-05-31 10199110 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10199110 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10199110 frs-bus:Director1 2023-06-01 2024-05-31 10199110 frs-countries:EnglandWales 2023-06-01 2024-05-31 10199110 2022-05-31 10199110 2023-05-31 10199110 2022-06-01 2023-05-31 10199110 frs-core:CurrentFinancialInstruments 2023-05-31 10199110 frs-core:ShareCapital 2023-05-31 10199110 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10199110
Valex Trans Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10199110
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 820 1,093
820 1,093
CURRENT ASSETS
Cash at bank and in hand 926 6,551
926 6,551
Creditors: Amounts Falling Due Within One Year 6 (8,828 ) (6,797 )
NET CURRENT ASSETS (LIABILITIES) (7,902 ) (246 )
TOTAL ASSETS LESS CURRENT LIABILITIES (7,082 ) 847
NET (LIABILITIES)/ASSETS (7,082 ) 847
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (7,182 ) 747
SHAREHOLDERS' FUNDS (7,082) 847
Page 1
Page 2
For the year ending 31 May 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 Valeri Aleksiev
Director
09/07/2024
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
Valex Trans Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10199110 . The registered office is 262 Uxbridge Road, Hatch End, HA5 4HS.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Plant & Machinery 25% Reducing balance
Computer Equipment 25% Reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 3 3
3 3
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 June 2023 1,408 887 2,295
As at 31 May 2024 1,408 887 2,295
Depreciation
As at 1 June 2023 814 388 1,202
Provided during the period 148 125 273
As at 31 May 2024 962 513 1,475
Net Book Value
As at 31 May 2024 446 374 820
As at 1 June 2023 594 499 1,093
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5. Debtors
2024 2023
£ £
Due within one year
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 1
Corporation tax (2 ) (2 )
VAT 450 1,184
Accruals and deferred income 307 500
Director's loan account 8,072 5,114
8,828 6,797
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid - 5,000
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