Valevia UK Limited - Period Ending 2015-11-30

Registration number: 08303683

Valevia UK Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2015
 

Opus Accounting Limited
2b The Votec Centre
Hambridge Lane
Newbury
Berkshire
RG14 5TN

Valevia UK Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

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 3) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Valevia UK 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 Valevia UK 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of Valevia UK Limited, as a body, in accordance with the terms of our engagement letter dated 23 October 2013 . Our work has been undertaken solely to prepare for your approval the accounts of Valevia UK Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Valevia UK Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Valevia UK 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 loss of Valevia UK Limited. You consider that Valevia UK 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 Valevia UK 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.

 
 
 
 
  Opus Accounting Limited
  2b The Votec Centre
  Hambridge Lane
  Newbury
  Berkshire
  RG14 5TN

25 July 2016

Page 1

Valevia UK Limited
(Registration number: 08303683)
Abbreviated Balance Sheet at 30 November 2015

		Note			2015 £			2014 £
Current assets
Debtors					23,462			29,846
Cash at bank and in hand					90,926			112,395
					114,388			142,241
Creditors: Amounts falling due within one year					(8,905)			(4,742)
Net assets					105,483			137,499
Capital and reserves
Called up share capital		2			200			200
Other reserves					200,000			200,000
Profit and loss account					(94,717)			(62,701)
Shareholders' funds					105,483			137,499

For the year ending 30 November 2015 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 21 July 2016 and signed on its behalf by:

 Dr C Struthers-Semple
 Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Valevia UK Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... 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 April 2008).

Research and development

Research and development expenditure is written off as incurred.

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.

2	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		200			200			200			200

Page 3