Registration number:
Value Matter Limited
for the Period Ended 28 October 2024
Value Matter Limited
Contents
Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Value Matter Limited
Company Information
Directors |
H Nathu M Nathu |
Company secretary |
A Galaya |
Registered office |
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Accountants |
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Financial Statements of
Value Matter Limited
for the Period Ended 28 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Value Matter Limited for the period ended 28 October 2024 which comprise the statement of comprehensive income, balance sheet and the related notes, from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation/a-z.
It is your duty to ensure that Value Matter Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Value Matter Limited. You consider that Value Matter Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Value Matter Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Use of our report
This report is made solely to the Board of Directors of Value Matter Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Value Matter Limited and state those matters that we have agreed to state to the Board of Directors of Value Matter Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Value Matter Limited and its Board of Directors, as a body, for our work or for this report.
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Chartered Accountants
Champions Way
Hendon
London
NW4 1PX
Value Matter Limited
(Registration number: 04339442)
Balance Sheet as at 28 October 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
- |
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Current assets |
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Stocks |
- |
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Debtors |
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Cash at bank and in hand |
- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
- |
( |
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Provisions for liabilities |
- |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial period ended 28 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The statement of comprehensive income and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.
Value Matter Limited
(Registration number: 04339442)
Balance Sheet as at 28 October 2024
Approved and authorised for issue by the
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M Nathu
Director
Value Matter Limited
Notes to the Unaudited Financial Statements for the Period Ended 28 October 2024
General information |
The company is a private company limited by share capital, incorporated in England. The registered office address is shown on page 1.
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A Small Entities and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
Disclosure of long or short period
Summary of significant accounting policies
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the periods presented, unless otherwise stated.
Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
Tax
The tax expense for the period comprises current and, where applicable, deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The company's liability for current tax is calculated using tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against suitable future taxable profits.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that they are expected to apply to the reversal of the timing difference.
Current and deferred tax assets and liabilities are not discounted.
Value Matter Limited
Notes to the Unaudited Financial Statements for the Period Ended 28 October 2024
Tangible assets
Tangible assets are stated in the balance sheet at historical cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, less any estimated residual value, over their expected useful economic lives, as follows:
Asset class |
Depreciation method and Asset life |
Fixtures and fittings |
Straight line basis over 4 years |
Office equipment |
Straight line basis over 4 years |
Motor vans |
Straight line basis over 4 years |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
Trade debtors
Trade debtors are amounts due from customers for goods sold or services provided in the ordinary course of business.
A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.
Cash at bank and in hand
This comprises cash at bank and in hand.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Pension costs
Contributions to the company's defined contribution pension scheme, being the Workplace Pension Contributions are charged to the profit or loss in the year they are payable. The assets of the scheme are held separately from those of the company in an independently administered fund.
Financial instruments
The company's cash at bank and in hand, trade and other debtors and trade and other creditors are measured initially at transaction price, and subsequently at amortised cost using the effective interest method, where applicable.
Value Matter Limited
Notes to the Unaudited Financial Statements for the Period Ended 28 October 2024
Employees and directors information |
The average number of persons employed by the company (including directors and company secretary) during the period was
Tangible assets |
Fixtures and fittings |
Motor vans |
Office equipment |
Total |
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Cost or valuation |
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At 1 May 2023 |
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Additions in the period |
- |
- |
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Disposals in the period |
( |
( |
( |
( |
At 28 October 2024 |
- |
- |
- |
- |
Depreciation |
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At 1 May 2023 |
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Charge for the period |
- |
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Eliminated on disposal |
( |
( |
( |
( |
At 28 October 2024 |
- |
- |
- |
- |
Carrying amount |
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At 28 October 2024 |
- |
- |
- |
- |
At 30 April 2023 |
- |
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- |
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Value Matter Limited
Notes to the Unaudited Financial Statements for the Period Ended 28 October 2024
Debtors |
2024 |
2023 |
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Trade debtors |
- |
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Other debtors |
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Corporation tax refund |
7,213 |
- |
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Creditors |
2024 |
2023 |
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Due within one year |
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Bank overdraft |
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Bounce Back loan |
19,287 |
10,000 |
Corporation tax payable |
- |
11,619 |
Social security and other taxes |
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Trade creditors |
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Other creditors |
99 |
59 |
Directors' loans |
- |
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Accruals |
- |
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Due after one year |
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Bounce Back loan |
- |
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The Bounce Back Loan is secured by guarantee provided by the UK Government.
Provisions for liabilities |
Deferred tax |
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At 1 May 2023 |
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Decrease in existing provisions |
( |
At 28 October 2024 |
- |
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Value Matter Limited
Notes to the Unaudited Financial Statements for the Period Ended 28 October 2024
Commitments under operating leases |
As at 28 October 2024, the company had total future commitments under non-cancellable operating leases as set out below :
2024 |
2023 |
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Less than one year |
- |
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- |
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Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
Control |