2022-08-012023-07-312023-07-31false08149751VALE HOUSE PRODUCE 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VALE HOUSE PRODUCE LIMITED

Registered Number
08149751
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2023

VALE HOUSE PRODUCE LIMITED
Company Information
for the year from 1 August 2022 to 31 July 2023

Director

GRIFFITHS, Paul William

Registered Address

1 Park Gardens
Yeovil
BA20 1DW

Place of Business

Vale House

Loves Hill

Timsbury

Bath

BA2 0EU


Registered Number

08149751 (England and Wales)
VALE HOUSE PRODUCE LIMITED
Balance Sheet as at
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets3231,002240,977
231,002240,977
Current assets
Stocks2,7402,480
Debtors-78
Cash at bank and on hand4,18010,045
6,92012,603
Creditors amounts falling due within one year5(678,966)(671,362)
Net current assets (liabilities)(672,046)(658,759)
Total assets less current liabilities(441,044)(417,782)
Net assets(441,044)(417,782)
Capital and reserves
Called up share capital100100
Profit and loss account(441,144)(417,882)
Shareholders' funds(441,044)(417,782)
The financial statements were approved and authorised for issue by the Director on 22 February 2024, and are signed on its behalf by:
GRIFFITHS, Paul William
Director
Registered Company No. 08149751
VALE HOUSE PRODUCE LIMITED
Notes to the Financial Statements
for the year ended 31 July 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-50
Plant and machinery15-
Fixtures and fittings15-
Office Equipment-5
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 August 22248,71476,07422,2094,952351,949
Additions---399399
At 31 July 23248,71476,07422,2095,351352,348
Depreciation and impairment
At 01 August 2242,48951,29814,7292,456110,972
Charge for year4,9743,2081,1221,07010,374
At 31 July 2347,46354,50615,8513,526121,346
Net book value
At 31 July 23201,25121,5686,3581,825231,002
At 31 July 22206,22524,7767,4802,496240,977
4.Debtors: amounts due within one year

2023

2022

££
Other debtors-78
Total-78
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2023

2022

££
Amounts owed to related parties677,106670,312
Taxation and social security760-
Accrued liabilities and deferred income1,1001,050
Total678,966671,362
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.