Value Alpha Limited - Accounts to registrar (filleted) - small 18.2

Value Alpha Limited - Accounts to registrar (filleted) - small 18.2

VALUE ALPHA LIMITED - Company Information

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REGISTERED NUMBER: 05888086 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018

FOR

VALUE ALPHA LIMITED
VALUE ALPHA LIMITED (REGISTERED NUMBER: 05888086)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VALUE ALPHA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2018







DIRECTORS: S J Gillen
Mrs A Gillen





SECRETARY: S J Gillen





REGISTERED OFFICE: 20 Mountway
Potters Bar
Hertfordshire
EN6 1EP





REGISTERED NUMBER: 05888086 (England and Wales)





ACCOUNTANTS: Capes Gittins
Chartered Accountants
Wellington House
273-275 High Street
London Colney
Hertfordshire
AL2 1HA
Page 1
VALUE ALPHA LIMITED (REGISTERED NUMBER: 05888086)

BALANCE SHEET
31 JULY 2018

2018 2017
Notes £    £   
FIXED ASSETS
Intangible assets 4 1,950 3,900
Tangible assets 5 1,678 387
3,628 4,287

CURRENT ASSETS
Debtors 6 20,894 20,933
Cash at bank 68,704 40,536
89,598 61,469
CREDITORS
Amounts falling due within one year 7 (31,629 ) (29,837 )
NET CURRENT ASSETS 57,969 31,632
TOTAL ASSETS LESS CURRENT
LIABILITIES
61,597
35,919

PROVISIONS FOR LIABILITIES (295 ) (45 )
NET ASSETS 61,302 35,874

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 60,802 35,374
SHAREHOLDERS' FUNDS 61,302 35,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2
VALUE ALPHA LIMITED (REGISTERED NUMBER: 05888086)

BALANCE SHEET - continued
31 JULY 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 January 2019 and were signed on its
behalf by:





S J Gillen - Director


The notes form part of these financial statements

Page 3
VALUE ALPHA LIMITED (REGISTERED NUMBER: 05888086)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018

1. STATUTORY INFORMATION

Value Alpha Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information
page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.


Page 4
VALUE ALPHA LIMITED (REGISTERED NUMBER: 05888086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable
profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2017
and 31 July 2018 15,000
AMORTISATION
At 1 August 2017 11,100
Charge for year 1,950
At 31 July 2018 13,050
NET BOOK VALUE
At 31 July 2018 1,950
At 31 July 2017 3,900

Page 5
VALUE ALPHA LIMITED (REGISTERED NUMBER: 05888086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2017 2,716 1,388 4,104
Additions - 1,850 1,850
At 31 July 2018 2,716 3,238 5,954
DEPRECIATION
At 1 August 2017 2,407 1,310 3,717
Charge for year 77 482 559
At 31 July 2018 2,484 1,792 4,276
NET BOOK VALUE
At 31 July 2018 232 1,446 1,678
At 31 July 2017 309 78 387

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 20,894 20,933

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 191 286
Tax 22,122 21,489
Social security and other taxes - 92
VAT 7,487 5,883
Directors' current accounts 389 647
Accrued expenses 1,440 1,440
31,629 29,837

8. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period covered by the accounts by Mr S Gillen on the
basis that he owns the majority of the issued shares in the company.

Page 6