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REGISTERED NUMBER:
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Value Squared (V2) Limited |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018 |
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REGISTERED NUMBER:
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Value Squared (V2) Limited |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018 |
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Value Squared (V2) Limited (Registered number: 09599898) |
previously known as Circular Ledger Limited |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 May 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Value Squared (V2) Limited |
previously known as Circular Ledger Limited |
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COMPANY INFORMATION |
for the Year Ended 31 May 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
Owthorne Manor |
2 Hubert Street |
Withernsea |
East Yorkshire |
HU19 2AT |
Value Squared (V2) Limited (Registered number: 09599898) |
previously known as Circular Ledger Limited |
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BALANCE SHEET |
31 May 2018 |
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2018 | 2017 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 3 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
5 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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Value Squared (V2) Limited (Registered number: 09599898) |
previously known as Circular Ledger Limited |
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BALANCE SHEET - continued |
31 May 2018 |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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Value Squared (V2) Limited (Registered number: 09599898) |
previously known as Circular Ledger Limited |
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NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 May 2018 |
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1. | STATUTORY INFORMATION |
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Value Squared (V2) Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, |
as either 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. |
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3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Loan - Kaini Industries | 17,870 | 17,880 |
Prepayments |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Accruals |
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5. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2018 | 2017 |
£ | £ |
Other loans more 5yrs non-inst | 30,000 | 30,000 |
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Amounts falling due in more than five years: |
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Repayable otherwise than by instalments |
Other loans more 5yrs non-inst |
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6. | GOING CONCERN |
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At the balance sheet date the balance sheet shows negative shareholders funds of £376. The applicability of |
going concern is dependent on upon the continued financial support of the company's creditors. There are no |
indications that this support will cease. |