Registered number
06058277
VALUEVISION LTD
Unaudited Filleted Accounts
31 January 2025
VALUEVISION LTD
Registered number: 06058277
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 10,000 15,000
Current assets
Stocks 14,577 19,577
Debtors 4 5,000 26,565
Cash at bank and in hand 871 648
20,448 46,790
Creditors: amounts falling due within one year 5 (998) (6,709)
Net current assets 19,450 40,081
Total assets less current liabilities 29,450 55,081
Creditors: amounts falling due after more than one year 6 (23,206) (28,243)
Net assets 6,244 26,838
Capital and reserves
Called up share capital 100 100
Profit and loss account 6,144 26,738
Shareholders' funds 6,244 26,838
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Shahzad Waris
Director
Approved by the board on 21 April 2025
VALUEVISION LTD
Notes to the Accounts
for the year ended 31 January 2025
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 the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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:
Fixtures, fittings, tools and equipment over 5 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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Fixture & fittings
£
Cost
At 1 February 2024 25,000
At 31 January 2025 25,000
Depreciation
At 1 February 2024 10,000
Charge for the year 5,000
At 31 January 2025 15,000
Net book value
At 31 January 2025 10,000
At 31 January 2024 15,000
4 Debtors 2025 2024
£ £
Trade debtors 5,000 26,565
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 4,638 2,611
Taxation and social security costs 2,154 4,098
Other creditors (5,794) -
998 6,709
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 23,206 28,243
7 Other information
VALUEVISION LTD is a private company limited by shares and incorporated in England. Its registered office is:
27 The Parade
Swinton
Manchester
M27 4BH
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