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Registration number: 04339442

Value Matter Limited

Report and Unaudited Financial Statements

for the Period Ended 28 October 2024

 

Value Matter Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Value Matter Limited

Company Information

Directors

H Nathu

M Nathu

Company secretary

A Galaya

Registered office

Belfry House
Champions Way
Hendon
London
NW4 1PX

Accountants

KSEG
Chartered Accountants
Belfry House
Champions Way
Hendon
London
NW4 1PX

 

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.

......................................

KSEG
Chartered Accountants
Belfry House
Champions Way
Hendon
London
NW4 1PX

11 March 2025

 

Value Matter Limited

(Registration number: 04339442)
Balance Sheet as at 28 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

9,317

Current assets

 

Stocks

-

9,341

Debtors

5

72,848

98,562

Cash at bank and in hand

 

-

19,476

 

72,848

127,379

Creditors: Amounts falling due within one year

6

(38,742)

(43,267)

Net current assets

 

34,106

84,112

Total assets less current liabilities

 

34,106

93,429

Creditors: Amounts falling due after more than one year

6

-

(20,833)

Provisions for liabilities

7

-

(2,329)

Net assets

 

34,106

70,267

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

34,006

70,167

Shareholders' funds

 

34,106

70,267

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.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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 Board on 8 March 2025 and signed on its behalf by:
 

.........................................

M Nathu

Director

 

Value Matter Limited

Notes to the Unaudited Financial Statements for the Period Ended 28 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England. The registered office address is shown on page 1.

2

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

The company extended its current accounting period to 28 October 2024 as the company ceased trading on 28 October 2024. Therefore the figures for year ended 30 April 2023 are not entirely comparable.

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

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than its legal form.

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

3

Employees and directors information

The average number of persons employed by the company (including directors and company secretary) during the period was 6 (2023 - 6).

4

Tangible assets

Fixtures and fittings
 £

Motor vans
 £

Office equipment
 £

Total
£

Cost or valuation

At 1 May 2023

5,765

18,635

13,480

37,880

Additions in the period

-

-

1,528

1,528

Disposals in the period

(5,765)

(18,635)

(15,008)

(39,408)

At 28 October 2024

-

-

-

-

Depreciation

At 1 May 2023

5,765

9,318

13,480

28,563

Charge for the period

-

4,659

334

4,993

Eliminated on disposal

(5,765)

(13,977)

(13,814)

(33,556)

At 28 October 2024

-

-

-

-

Carrying amount

At 28 October 2024

-

-

-

-

At 30 April 2023

-

9,317

-

9,317

 

Value Matter Limited

Notes to the Unaudited Financial Statements for the Period Ended 28 October 2024

5

Debtors

2024
£

2023
£

Trade debtors

-

80

Other debtors

65,635

98,482

Corporation tax refund

7,213

-

 

72,848

98,562

6

Creditors

2024
£

2023
£

Due within one year

Bank overdraft

16,885

2,501

Bounce Back loan

19,287

10,000

Corporation tax payable

-

11,619

Social security and other taxes

201

4,341

Trade creditors

2,270

998

Other creditors

99

59

Directors' loans

-

10,197

Accruals

-

3,552

38,742

43,267

Due after one year

Bounce Back loan

-

20,833

The Bounce Back Loan is secured by guarantee provided by the UK Government.

7

Provisions for liabilities

Deferred tax
£

At 1 May 2023

2,329

Decrease in existing provisions

(2,329)

At 28 October 2024

-

 

Value Matter Limited

Notes to the Unaudited Financial Statements for the Period Ended 28 October 2024

8

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
£

Less than one year

-

2,501

-

2,501

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

10

Control

During the period ended 28 October 2024, the company was under the control of M Nathu and his spouse H Nathu who were the directors and shareholders.