Valebank Limited - Period Ending 2015-11-30
Valebank Limited - Period Ending 2015-11-30
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Valebank Limited
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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.
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Valebank Limited
for the Year Ended 30 November 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Valebank Limited for the year ended 30 November 2015 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Valebank 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 Valebank Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Valebank Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Valebank 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 Valebank Limited. You consider that Valebank 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 Valebank 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.
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Jani Taylor Associates Ltd
Chartered Accountants, Advocates and Business Advisers
Office 6a, 1st Floor
Popin Business Centre
South Way
London
HA9 0HF
28 June 2016
Valebank Limited
(Registration number: 07069177)
Abbreviated Balance Sheet at 30 November 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
Approved by the director on
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Mrs S Crummy
Director
2
Valebank Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
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 |
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Financial instruments
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 December 2014 |
5,266 |
5,266 |
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At 30 November 2015 |
5,266 |
5,266 |
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Depreciation |
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At 1 December 2014 |
3,220 |
3,220 |
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Charge for the year |
511 |
511 |
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At 30 November 2015 |
3,731 |
3,731 |
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Net book value |
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At 30 November 2015 |
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At 30 November 2014 |
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Valebank Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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