Valiant Contract Services Ltd. |
Registered Number:04772518 |
For the year ended 30 June 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2023
Valiant Contract Services Ltd.
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Valiant Contract Services Ltd.
Statement of Financial Position
2022
2023
Property, plant and equipment |
16,129
1,206
2
16,129
1,206
450
450
3
Trade and other receivables |
14,822
10,727
4
47,426
Cash and cash equivalents |
31,537
42,714
62,698
Trade and other payables: amounts falling due within one |
year |
(29,927)
(21,130)
5
32,771
21,584
Net current assets
Total assets less current liabilities |
37,713
33,977
Trade and other payables: amounts falling due after more |
than one year |
(8,808)
(5,805)
6
31,908
Net assets
25,169
100
100
31,808
25,069
31,908
25,169
Shareholders' funds
For the year ended 30 June 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr. A.J.R. Jardine Director |
These financial statements were approved and authorised for issue by the Board on 28 December 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 June 2023
Valiant Contract Services Ltd.
Notes to the Financial Statements
Statutory Information
Valiant Contract Services Ltd. is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 04772518. |
Principal place of business: |
Unit 11
Douglas Road Industrial Estate
Douglas Road, Kingswood
Bristol
BS15 8PD
33 Hopps Road
Kingswood
Bristol
BS15 9QQ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 30 June 2023
Valiant Contract Services Ltd.
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
30,772
192
5,903
24,677
20,299
-
20,299
-
24,677
26,202
192
51,071
Provision for depreciation and impairment |
29,566
84
5,877
23,605
Charge for year
5,376
27
5,081
268
34,942
111
10,958
23,873
804
15,244
81
16,129
1,072
26
108
1,206
2022
2023
450
450
4. Trade and other receivables |
2022
2023
4,734
2,737
5,993
12,085
14,822
10,727
5. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
3,195
3,192
Taxation and social security |
-
1,995
17,935
24,740
21,130
29,927
3 of 4
For the year ended 30 June 2023
Valiant Contract Services Ltd.
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
Bank loans and overdraft (secured) |
5,805
8,808
7. Average number of persons employed |
During the year the average number of employees was 3 (2022 : 3)
4 of 4