The Valesco Group Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09805008 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 2 October 2015 to 31 December 2016

for

The Valesco Group Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S Jiwa

SECRETARY:

S Jiwa

REGISTERED OFFICE:

11 Bruton Street

London

W1J 6PY

REGISTERED NUMBER:

09805008 (England and Wales)

ACCOUNTANTS:

Chancellers LLP

64 Wilbury Way

Hitchin

Hertfordshire

SG4 0TP

FIXED ASSETS

Tangible assets

2

1,226

CURRENT ASSETS

Debtors

87,195

Cash at bank

24,761

111,956

CREDITORS

Amounts falling due within one year

69,160

NET CURRENT ASSETS

42,796

TOTAL ASSETS LESS CURRENT LIABILITIES

44,022

CAPITAL AND RESERVES

Called up share capital

3

120,000

Profit and loss account

(75,978

)

SHAREHOLDERS' FUNDS

44,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2016 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 12 April 2017 and were signed by:

S Jiwa - 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 January 2015).

Tangible fixed assets

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

Plant and machinery etc

-

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,799

At 31 December 2016

1,799

DEPRECIATION

Charge for period

573

At 31 December 2016

573

NET BOOK VALUE

At 31 December 2016

1,226

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

80,000

Ordinary

1

80,000

40,000

Redeemable

1

40,000

120,000