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 period was 4 (2024 : 4).
|
| 3. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
1,741 |
|
1,669 |
| Prepayments & Accrued Income |
8,347 |
|
0 |
| Other Debtors |
48,846 |
|
0 |
| PAYE & Social Security |
574 |
|
0 |
|
59,508 |
|
1,669 |
|
| 3. |
Debtors: amounts falling due after one year
|
2025
£ |
|
2024
£ |
| Prepayments |
0 |
|
8,940 |
| Other Debtors |
6,000 |
|
6,000 |
|
6,000 |
|
14,940 |
|
| 4. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
62,545 |
|
79,441 |
| Bank Loans & Overdrafts |
16,463 |
|
18,472 |
| PAYE & Social Security |
0 |
|
9,466 |
| Accrued Expenses |
923 |
|
461 |
| Other Creditors |
13,858 |
|
1,246 |
| Wages & Salaries Control Account |
37,244 |
|
68,650 |
| Shareholders Credit Balance |
29,265 |
|
9,065 |
|
160,298 |
|
186,801 |
|
| 5. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Other Creditors |
74,386 |
|
73,101 |
| Directors' Loan Accounts |
19,918 |
|
19,096 |
| Shareholders Loan Accounts |
1,078,225 |
|
435,653 |
|
1,172,529 |
|
527,850 |
|
| 6. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
20,000
EUR shares of £0.8527 each |
17,054 |
|
17,054 |
|
17,054 |
|
17,054 |
|
3
|