Valimpex Limited

Valimpex Limited

VALIMPEX LIMITED - Company Information

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1 December 2017 false No description of principal activity Taxfiler 2019.10.Web 07432198business:PrivateLimitedCompanyLtd2017-12-012018-11-30 074321982017-11-30 074321982017-12-012018-11-30 07432198business:AuditExempt-NoAccountantsReport2017-12-012018-11-30 07432198business:FullAccounts2017-12-012018-11-30 074321982018-11-30 07432198business:Director12017-12-012018-11-30 07432198business:RegisteredOffice2017-12-012018-11-30 074321982017-11-30 07432198core:WithinOneYear2018-11-30 07432198core:WithinOneYear2017-11-30 07432198core:AfterOneYear2018-11-30 07432198core:AfterOneYear2017-11-30 07432198core:ShareCapital2018-11-30 07432198core:ShareCapital2017-11-30 07432198core:RetainedEarningsAccumulatedLosses2018-11-30 07432198core:RetainedEarningsAccumulatedLosses2017-11-30 07432198business:SmallEntities2017-12-012018-11-30 07432198countries:EnglandWales2017-12-012018-11-30 07432198core:FurnitureFittings2017-12-012018-11-30 07432198core:ComputerEquipment2017-12-012018-11-30 07432198core:PlantMachinery2017-11-30 07432198core:ComputerEquipment2017-11-30 07432198core:PlantMachinery2017-12-012018-11-30 07432198core:PlantMachinery2018-11-30 07432198core:ComputerEquipment2018-11-30 07432198business:Director112017-12-012018-11-30 07432198business:Director112017-11-30 07432198business:Director112018-11-30 074321982016-12-012017-11-30 iso4217:GBP xbrli:pure
Company Registration No. 07432198 (England and Wales)
Valimpex Limited Unaudited accounts for the year ended 30 November 2018
Valimpex Limited Unaudited accounts Contents
Page
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Valimpex Limited Company Information for the year ended 30 November 2018
Director
Christo Milchev Yotov
Company Number
07432198 (England and Wales)
Registered Office
76 KENILWORTH COURT LOWER RICHMOND ROAD LONDON SW15 1EN ENGLAND
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Valimpex Limited Statement of financial position as at 30 November 2018
2018 
2017 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
4,012 
2,435 
Current assets
Debtors
5
606 
629,540 
Cash at bank and in hand
26,862 
566,513 
27,468 
1,196,053 
Creditors: amounts falling due within one year
6
(5,124)
(1,179,660)
Net current assets
22,344 
16,393 
Total assets less current liabilities
26,356 
18,828 
Creditors: amounts falling due after more than one year
7
- 
(11,475)
Net assets
26,356 
7,353 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
26,346 
7,343 
Shareholders' funds
26,356 
7,353 
For the year ending 30 November 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 30 August 2019.
Christo Milchev Yotov Director Company Registration No. 07432198
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Valimpex Limited Notes to the Accounts for the year ended 30 November 2018
1
Statutory information
Valimpex Limited is a private company, limited by shares, registered in England and Wales, registration number 07432198. The registered office is 76 KENILWORTH COURT, LOWER RICHMOND ROAD, LONDON, SW15 1EN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
5 years
Computer equipment
5 years
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Prior year adjustment
Adjustments to the comparative period have been made to recognise accounting changes. The impact of these changes are a reduction in assets and retained earnings for £1,823.
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Valimpex Limited Notes to the Accounts for the year ended 30 November 2018
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 December 2017
752 
3,694 
4,446 
Additions
724 
3,247 
3,971 
Disposals
(1,228)
(1,738)
(2,966)
At 30 November 2018
248 
5,203 
5,451 
Depreciation
At 1 December 2017
449 
1,562 
2,011 
Charge for the year
406 
165 
571 
On disposals
(812)
(331)
(1,143)
At 30 November 2018
43 
1,396 
1,439 
Net book value
At 30 November 2018
205 
3,807 
4,012 
At 30 November 2017
303 
2,132 
2,435 
5
Debtors
2018 
2017 
£ 
£ 
Other debtors
606 
629,540 
6
Creditors: amounts falling due within one year
2018 
2017 
£ 
£ 
Taxes and social security
5,124 
- 
Other creditors
- 
298 
Loans from directors
- 
1,179,362 
5,124 
1,179,660 
7
Creditors: amounts falling due after more than one year
2018 
2017 
£ 
£ 
Accruals
- 
11,475 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Christo Milchev Yotov
Director Loan balance
1,179,362 
- 
1,179,969 
(607)
1,179,362 
- 
1,179,969 
(607)
There was a loan owed from the Director, C Yotov, as at 30 November 2018 of £607 (2017: owed to C Yotov £1,179,362)
9
Average number of employees
During the year the average number of employees was 0 (2017: 0).
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