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REGISTERED NUMBER: 06266576 (England and Wales)












Vale Comms & Data Limited

Unaudited Financial Statements

for the Year Ended 31 May 2023






Vale Comms & Data Limited (Registered number: 06266576)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


Vale Comms & Data Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: T Osborn
A J Osborn





SECRETARY: A J Osborn





REGISTERED OFFICE: 37 King Edward Avenue
Aylesbury
Buckinghamshire
HP21 7JE





REGISTERED NUMBER: 06266576 (England and Wales)





ACCOUNTANTS: Clarkson Cleaver & Bowes Limited
8a Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
HP22 4LW

Vale Comms & Data Limited (Registered number: 06266576)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75 136

CURRENT ASSETS
Stocks 5 190 340
Debtors 6 7,305 18,469
Cash at bank 38,890 48,095
46,385 66,904
CREDITORS
Amounts falling due within one
year

7

46,372

66,433
NET CURRENT ASSETS 13 471
TOTAL ASSETS LESS CURRENT
LIABILITIES

88

607

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 86 605
SHAREHOLDERS' FUNDS 88 607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

Vale Comms & Data Limited (Registered number: 06266576)

Balance Sheet - continued
31 May 2023


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:




T Osborn - Director



A J Osborn - Director


Vale Comms & Data Limited (Registered number: 06266576)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Vale Comms & Data 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

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% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 50% straight line

Government grants
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement.

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.

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 and that are expected to apply to the reversal of the timing difference.

Current or deferred taxation liabilities are not discounted.

Pension costs and other post-retirement benefits
The pension costs charged in the financial statements represent the contributions payable by the company for the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Vale Comms & Data Limited (Registered number: 06266576)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2022
and 31 May 2023 8,828 15,000 2,866 26,694
DEPRECIATION
At 1 June 2022 8,818 14,999 2,741 26,558
Charge for year - - 61 61
At 31 May 2023 8,818 14,999 2,802 26,619
NET BOOK VALUE
At 31 May 2023 10 1 64 75
At 31 May 2022 10 1 125 136

5. STOCKS
2023 2022
£    £   
Stocks 190 340

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,633 14,666
Other debtors 3,672 3,803
7,305 18,469

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 313 879
Taxation and social security 10,951 12,689
Other creditors 35,108 52,865
46,372 66,433

Included in creditors due inside one year is an amount of £32,065 (2022: £50,762) which is owed to the directors. The directors have no intention of drawing down on these funds unless they can do so without having a detrimental affect on the cash flows of the business.