ValueU Limited - Period Ending 2016-01-31

Registration number: 04150922

ValueU Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2016
 

ValueU Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
ValueU Limited
for the Year Ended 31 January 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ValueU Limited for the year ended 31 January 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

We have carried out this engagement in accordance with technical guidance issued by the Association of Accounting Technicians and have complied with the ethical guidance laid down by the Association relating to members undertaking the compilation of financial statements.

This report is made solely to the Board of Directors of ValueU Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of ValueU Limited and state those matters that we have agreed to state to them, as a body, in this report and for no other purpose.To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ValueU Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that ValueU Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ValueU Limited. You consider that ValueU Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of ValueU Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Birkett Ferguson Associates Ltd
Accountants & Tax Advisors
186B Lower Blandford Road
Broadstone
Dorset
BH18 8DP

22 April 2016

Page 1

ValueU Limited
(Registration number: 04150922)
Abbreviated Balance Sheet at 31 January 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					3,488			1,814
Current assets
Debtors					7,636			65,245
Cash at bank and in hand					76,548			69,378
					84,184			134,623
Creditors: Amounts falling due within one year					(41,183)			(58,852)
Net current assets					43,001			75,771
Total assets less current liabilities					46,489			77,585
Provisions for liabilities					(698)			(363)
Net assets					45,791			77,222
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					45,691			77,122
Shareholders' funds					45,791			77,222

For the year ending 31 January 2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 22 April 2016 and signed on its behalf by:

......................................... Ms Sonia Gavira Director

......................................... Mr Simon Dunford Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

ValueU Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

ValueU Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

2	Fixed assets

		Tangible assets £
Cost
At 1 February 2015		9,608
Additions		2,836
At 31 January 2016		12,444
Depreciation
At 1 February 2015		7,794
Charge for the year		1,162
At 31 January 2016		8,956
Net book value
At 31 January 2016		3,488
At 31 January 2015		1,814

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 4