Value_for_Women_Limited_31_Oct_2017_companies_house_set_of_accounts.html
Value_for_Women_Limited_31_Oct_2017_companies_house_set_of_accounts.html
Company registration number:
Report to the board of directors on the preparation of the unaudited statutory financial statements of Value for Women Limited for the year ended 31 October 2017
Year ended 31 October 2017
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Value for Women Limited for the year ended 31 October 2017 which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Chartered Institute of Management Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com/.
This report is made solely to the Board of Directors of Value for Women Limited , as a body. My work has been undertaken solely to prepare for your approval the financial statements of Value for Women Limited and state those matters that I have agreed to state to the Board of Directors of Value for Women Limited , as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com/.
To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than Value for Women Limited and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that Value for Women Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Value for Women Limited . You consider that Value for Women Limited is exempt from the statutory audit requirement for the year.
1st Floor Holborn Gate
330 High Holborn
London
WC1V 7QT
United Kingdom
330 High Holborn
London
WC1V 7QT
United Kingdom
Date:
25 July 2018
Statement of Financial Position
| 2017 | 2016 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Current assets | |||||
| Debtors | 5 |
|
|
||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: amounts falling due within one year | 6 |
(
|
) |
(
|
) |
| Net current assets |
|
- | |||
| Total assets less current liabilities | 27,465 | - | |||
| Capital and reserves | |||||
| Called up share capital | - | - | |||
| Profit and loss account |
|
- | |||
| Shareholders funds |
|
- | |||
For the year ending 31 October 2017 , the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 25 July 2018 , and are signed on behalf of the board by:
| Director |
Company registration number:
08239074
Notes to the Financial Statements
Year ended 31 October 2017
1 General information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Riverside House , River Lawn Road , Tonbridge , Kent , TN9 1EP , United Kingdom.
2 Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.
3 Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The financial statements are prepared in sterling, which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Current tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4 Average number of employees
5 Debtors
| 2017 | 2016 | |||
|---|---|---|---|---|
| £ | £ | |||
| Trade debtors |
|
|
||
6 Creditors: amounts falling due within one year
| 2017 | 2016 | |||
|---|---|---|---|---|
| £ | £ | |||
| Trade creditors |
|
|
||
| Taxation and social security |
|
- | ||
| Other creditors |
|
|
||
|
|
|
|||
7 Directors' advances, credit and guarantees
The company is limited by guarantee of £10 per member.