Value Beyond Savings Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 10772391 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Value Beyond Savings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S K Soothill

REGISTERED OFFICE:

59 Brewhouse Hill

Wheathampstead

St. Albans

Hertfordshire

AL4 8AN

REGISTERED NUMBER:

10772391 (England and Wales)

ACCOUNTANTS:

Camplejohn Rowan

CFC House

Acorn Business Park

Woodseats Close

Sheffield

South Yorkshire

S8 0TB

FIXED ASSETS

Tangible assets

4

2,560

91

CURRENT ASSETS

Debtors

5

800

40,049

Cash at bank

1,099

17,685

1,899

57,734

CREDITORS

Amounts falling due within one year

6

(23,008

)

(37,675

)

NET CURRENT (LIABILITIES)/ASSETS

(21,109

)

20,059

TOTAL ASSETS LESS CURRENT LIABILITIES

(18,549

)

20,150

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

7

(18,550

)

20,149

(18,549

)

20,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 January 2024 and were signed by:

S K Soothill - Director

1.	STATUTORY INFORMATION

Value Beyond Savings 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 represented by the invoicing of procurement services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

50% on cost

Computer equipment

-

50% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 June 2022

-

1,597

1,597

Additions

2,033

3,087

5,120

At 31 May 2023

2,033

4,684

6,717

DEPRECIATION

At 1 June 2022

-

1,506

1,506

Charge for year

1,016

1,635

2,651

At 31 May 2023

1,016

3,141

4,157

NET BOOK VALUE

At 31 May 2023

1,017

1,543

2,560

At 31 May 2022

-

91

91

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Trade debtors

-

39,750

VAT

449

-

Prepayments

351

299

800

40,049

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Tax

16,361

26,400

VAT

-

6,301

Other creditors

726

-

Directors' current accounts

5,371

4,424

Accrued expenses

550

550

23,008

37,675

7.

RESERVES

Retained

earnings

£

At 1 June 2022

20,149

Profit for the year

71,001

Dividends

(109,700

)

At 31 May 2023

(18,550

)

8.	ULTIMATE CONTROLLING PARTY

The controlling party is S K Soothill.

The ultimate controlling party is S K Soothill.