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Registered Number: 11456625


 

 

 

FINTECH VALLEY LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 August 2023

End date: 31 July 2024
Directors Martins BERGMANIS
Gints VEIDEMANIS
Registered Number 11456625
Registered Office 960 CAPABILITY GREEN
LUTON BEDFORDSHIRE
LU1 3PE
1
 
 
Notes
 
2024
£
  2023
£
Current assets      
Debtors 3 16,609    17,174 
Cash at bank and in hand 386    2,103 
16,995    19,277 
Creditors: amount falling due within one year 4 (186,801)   (108,707)
Net current assets (169,806)   (89,430)
 
Total assets less current liabilities (169,806)   (89,430)
Creditors: amount falling due after more than one year 5 (527,850)   (266,426)
Provisions for liabilities 6   (226)
Net assets (697,656)   (356,082)
 

Capital and reserves
     
Called up share capital 7 17,054    17,054 
Profit and loss account (714,710)   (373,136)
Shareholders' funds (697,656)   (356,082)
 


For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 22 July 2025 and were signed on its behalf by:


-------------------------------
Martins BERGMANIS
Director
2
General Information
FINTECH VALLEY LTD is a private company, limited by shares, registered in , registration number 11456625, registration address 960 CAPABILITY GREEN, LUTON BEDFORDSHIRE, LU1 3PE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of services supplied by the company.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
2.

Average number of employees, including directors

Average number of employees during the year was 4 (2023 : 4).
3.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 1,669    1,697 
1,669    1,697 

3.

Debtors: amounts falling due after one year

2024
£
  2023
£
Prepayments 8,940    9,477 
Other Debtors 6,000    6,000 
14,940    15,477 

4.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 79,441    51,606 
Bank Loans & Overdrafts 18,472    3,527 
PAYE & Social Security 9,466    3,165 
Accrued Expenses 461    1,024 
Other Creditors 1,246    804 
Wages & Salaries Control Account 68,650    39,362 
Shareholders Credit Balance 9,065    9,219 
186,801    108,707 

5.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Other Creditors 73,101    5,621 
Directors' Loan Accounts 19,096    19,421 
Shareholders Loan Accounts 435,653    241,384 
527,850    266,426 

6.

Provisions for liabilities

2024
£
  2023
£
Pension Provisions   226 
  226 

7.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
20,000 EUR shares of £0.8527 each 17,054    17,054 
17,054    17,054 

3