Valuise Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03275878 (England and Wales)

Abbreviated Accounts for the Year Ended 30 November 2015

for

Valuise Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

N S Harris

SECRETARY:

Mrs J A Harris

REGISTERED OFFICE:

10-14 Accommodation Road

Golders Green

London

NW11 8ED

REGISTERED NUMBER:

03275878 (England and Wales)

ACCOUNTANTS:

Grunberg & Co Limited

Chartered Accountants

10-14 Accommodation Road

Golders Green

London

NW11 8ED

FIXED ASSETS

Tangible assets

2

184

399

CURRENT ASSETS

Debtors

435

428

Cash at bank

17,242

22,593

17,677

23,021

CREDITORS

Amounts falling due within one year

4,076

5,373

NET CURRENT ASSETS

13,601

17,648

TOTAL ASSETS LESS CURRENT LIABILITIES

13,785

18,047

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

13,685

17,947

SHAREHOLDERS' FUNDS

13,785

18,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 5 August 2016 and were signed by:

N S Harris - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises net invoiced sales of services, excluding value added tax, and accrued work in progress at

selling price.

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

-

25% on cost

Computer equipment

-

33.33% on cost

Deferred tax

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

sheet date except that:

- the recognition of deferred tax assets is limited to the extent that the company anticipates to make sufficient

taxable profits in the future to absorb the reversal of the underlying timing differences.

Deferred tax balances are not discounted.

Work in progress

Work in progress is accounted for in accordance with UITF abstract 40 within sales and trade debtors.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

13,087

DEPRECIATION

At 1 December 2014

12,688

Charge for year

215

At 30 November 2015

12,903

NET BOOK VALUE

At 30 November 2015

184

At 30 November 2014

399

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100