Registered number
08961766
Bold Valuable Technology Limited
Filleted Accounts
31 March 2024
Bold Valuable Technology Limited
Registered number: 08961766
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1 1
Current assets
Debtors 4 152,861 238,388
Cash at bank and in hand 122,383 220,994
275,244 459,382
Creditors: amounts falling due within one year 5 (228,862) (407,997)
Net current assets 46,382 51,385
Net assets 46,383 51,386
Capital and reserves
Called up share capital 1 1
Profit and loss account 46,382 51,385
Shareholder's funds 46,383 51,386
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Bernat Carreras
Director
Approved by the board on 28 March 2025
Bold Valuable Technology Limited
Notes to the Accounts
for the year ended 31 March 2024
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, net of discounts and value added taxes. Turnover includes revenue earned from 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 1,896
At 31 March 2024 1,896
Depreciation
At 1 April 2023 1,895
At 31 March 2024 1,895
Net book value
At 31 March 2024 1
At 31 March 2023 1
4 Debtors 2024 2023
£ £
Trade debtors - 86,378
Amounts owed by group undertakings and undertakings in which the company has a participating interest 139,352 139,352
Other debtors 13,509 12,658
152,861 238,388
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 282 314
Amounts owed to group undertakings and undertakings in which the company has a participating interest 222,374 402,542
Corporation tax 852 852
Other taxes and social security costs 1,235 1,270
Other creditors 4,119 3,019
228,862 407,997
6 Other information
Bold Valuable Technology Limited is a private company limited by shares and incorporated in England. Its registered office is:
Fides House
10 Chertsey Road
Woking
Surrey
GU21 5AB
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