Valentin Paval Ltd 11079460 false 2020-12-01 2021-11-30 2021-11-30 The principal activity of the company is courier. Digita Accounts Production Advanced 6.30.9574.0 true 11079460 2020-12-01 2021-11-30 11079460 2021-11-30 11079460 bus:OrdinaryShareClass1 bus:OtherShareType 2021-11-30 11079460 core:CurrentFinancialInstruments 2021-11-30 11079460 core:CurrentFinancialInstruments core:WithinOneYear 2021-11-30 11079460 core:Non-currentFinancialInstruments core:AfterOneYear 2021-11-30 11079460 core:FurnitureFittingsToolsEquipment 2021-11-30 11079460 core:OtherPropertyPlantEquipment 2021-11-30 11079460 bus:SmallEntities 2020-12-01 2021-11-30 11079460 bus:AuditExemptWithAccountantsReport 2020-12-01 2021-11-30 11079460 bus:AbridgedAccounts 2020-12-01 2021-11-30 11079460 bus:SmallCompaniesRegimeForAccounts 2020-12-01 2021-11-30 11079460 bus:RegisteredOffice 2020-12-01 2021-11-30 11079460 bus:Director1 2020-12-01 2021-11-30 11079460 bus:OrdinaryShareClass1 bus:OtherShareType 2020-12-01 2021-11-30 11079460 bus:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 11079460 core:FurnitureFittingsToolsEquipment 2020-12-01 2021-11-30 11079460 core:OtherPropertyPlantEquipment 2020-12-01 2021-11-30 11079460 core:PlantMachinery 2020-12-01 2021-11-30 11079460 countries:EnglandWales 2020-12-01 2021-11-30 11079460 2020-11-30 11079460 core:FurnitureFittingsToolsEquipment 2020-11-30 11079460 core:OtherPropertyPlantEquipment 2020-11-30 11079460 2019-12-01 2020-11-30 11079460 2020-11-30 11079460 bus:OrdinaryShareClass1 bus:OtherShareType 2020-11-30 11079460 core:CurrentFinancialInstruments 2020-11-30 11079460 core:CurrentFinancialInstruments core:WithinOneYear 2020-11-30 11079460 core:Non-currentFinancialInstruments core:AfterOneYear 2020-11-30 11079460 core:FurnitureFittingsToolsEquipment 2020-11-30 11079460 core:OtherPropertyPlantEquipment 2020-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11079460

Valentin Paval Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 November 2021

 

Valentin Paval Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Valentin Paval Ltd

Company Information

Director

Mr Vasile Paval

Registered office

6 Kingsway South
Warrington
Cheshire
WA4 1LS

 

Valentin Paval Ltd

(Registration number: 11079460)
Abridged Balance Sheet as at 30 November 2021

Note

2021
£

2020
£

Fixed assets

 

Tangible assets

4

339

451

Current assets

 

Debtors

5

5,388

10,831

Cash at bank and in hand

 

3,874

494

 

9,262

11,325

Prepayments and accrued income

 

340

340

Creditors: Amounts falling due within one year

(873)

(739)

Net current assets

 

8,729

10,926

Total assets less current liabilities

 

9,068

11,377

Creditors: Amounts falling due after more than one year

(8,880)

(10,000)

Net assets

 

188

1,377

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

88

1,277

Shareholders' funds

 

188

1,377

For the financial year ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Valentin Paval Ltd

(Registration number: 11079460)
Abridged Balance Sheet as at 30 November 2021

Approved and authorised by the director on 18 August 2022
 

.........................................

Mr Vasile Paval

Director

 

Valentin Paval Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2021

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Kingsway South
Warrington
Cheshire
WA4 1LS
England

These financial statements were authorised for issue by the director on 18 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Valentin Paval Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2021

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery, etc.

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Valentin Paval Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 November 2021

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2020 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 December 2020

750

321

1,071

At 30 November 2021

750

321

1,071

Depreciation

At 1 December 2020

434

186

620

Charge for the year

79

33

112

At 30 November 2021

513

219

732

Carrying amount

At 30 November 2021

237

102

339

At 30 November 2020

316

135

451

5

Debtors

Debtors includes £Nil (2020 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

 

2021

2020

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100