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REGISTERED NUMBER: 07198708 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

VALUEGOLD LIMITED

VALUEGOLD LIMITED (REGISTERED NUMBER: 07198708)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VALUEGOLD LIMITED

Company Information
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: Mr Bilal Kartal





REGISTERED OFFICE: Unit 5
Roseberry Industrial Estate
Tottenham
London
N17 9SR





REGISTERED NUMBER: 07198708 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

VALUEGOLD LIMITED (REGISTERED NUMBER: 07198708)

Balance Sheet
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 144,721 156,852

CURRENT ASSETS
Stocks 163,500 161,650
Debtors 5 274,831 234,132
Cash at bank and in hand 38,370 63,165
476,701 458,947
CREDITORS
Amounts falling due within one year 6 354,328 306,614
NET CURRENT ASSETS 122,373 152,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

267,094

309,185

CREDITORS
Amounts falling due after more than one
year

7

(55,010

)

(113,600

)

PROVISIONS FOR LIABILITIES 8 (27,498 ) (29,802 )
NET ASSETS 184,586 165,783

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 184,585 165,782
SHAREHOLDERS' FUNDS 184,586 165,783

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

VALUEGOLD LIMITED (REGISTERED NUMBER: 07198708)

Balance Sheet - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 June 2025 and were signed by:





Mr Bilal Kartal - Director


VALUEGOLD LIMITED (REGISTERED NUMBER: 07198708)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Valuegold Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 10 ) .

VALUEGOLD LIMITED (REGISTERED NUMBER: 07198708)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 4,956 314,309 319,265
Additions 13,769 25,000 38,769
Disposals - (18,401 ) (18,401 )
At 30 September 2024 18,725 320,908 339,633
DEPRECIATION
At 1 October 2023 2,335 160,078 162,413
Charge for year 3,278 32,901 36,179
Eliminated on disposal - (3,680 ) (3,680 )
At 30 September 2024 5,613 189,299 194,912
NET BOOK VALUE
At 30 September 2024 13,112 131,609 144,721
At 30 September 2023 2,621 154,231 156,852

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023 239,481
Additions 25,000
Disposals (18,401 )
At 30 September 2024 246,080
DEPRECIATION
At 1 October 2023 95,078
Charge for year 30,936
Eliminated on disposal (3,680 )
At 30 September 2024 122,334
NET BOOK VALUE
At 30 September 2024 123,746
At 30 September 2023 144,403

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 265,673 224,974
Other debtors 9,158 9,158
274,831 234,132

VALUEGOLD LIMITED (REGISTERED NUMBER: 07198708)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 51,328 47,489
Trade creditors 283,875 205,193
Pension fund 23 57
Tax 10,633 10,672
Social security and other taxes 3,249 5,051
VAT 2,269 89
Other creditors 2,000 -
Directors' current accounts 951 31,313
Accrued expenses - 6,750
354,328 306,614

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Other loans - 2-5 years 17,371 27,447
Hire purchase contracts 37,639 86,153
55,010 113,600

8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 27,498 29,802

Deferred
tax
£   
Balance at 1 October 2023 29,802
Credit to Profit & Loss Account during year (2,304 )
Balance at 30 September 2024 27,498

9. ULTIMATE CONTROLLING PARTY

The company is under the control of the director Mr Bilal Kartal throughout the financial year by virtue of his 100% sharheolding.