Company Registration No. 12042189 (England and Wales)
Valenzia Ltd
Unaudited accounts
for the year ended 30 June 2023
Valenzia Ltd
Unaudited accounts
Contents
Valenzia Ltd
Company Information
for the year ended 30 June 2023
Directors
Andrew Valenzia
Amy Valenzia
Company Number
12042189 (England and Wales)
Registered Office
40 MAPLE ROAD
HORFIELD
BRISTOL
ENGLAND
BS7 8RQ
UNITED KINGDOM
Valenzia Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
92,244
111,546
Cash at bank and in hand
146,861
131,718
Creditors: amounts falling due within one year
(90,882)
(55,911)
Net current assets
111,909
97,109
Total assets less current liabilities
204,153
208,655
Creditors: amounts falling due after more than one year
(109,582)
(127,030)
Called up share capital
2
2
Profit and loss account
94,569
81,623
Shareholders' funds
94,571
81,625
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by
Andrew Valenzia
Director
Company Registration No. 12042189
Valenzia Ltd
Notes to the Accounts
for the year ended 30 June 2023
Valenzia Ltd is a private company, limited by shares, registered in England and Wales, registration number 12042189. The registered office is 40 MAPLE ROAD, HORFIELD, BRISTOL, ENGLAND, BS7 8RQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
8 % per annum
Plant & machinery
14% per annum
Fixtures & fittings
20% per annum
Computer equipment
25% per annum
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Valenzia Ltd
Notes to the Accounts
for the year ended 30 June 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2022
56,452
80,290
15,130
2,178
154,050
Additions
-
400
798
382
1,580
At 30 June 2023
56,452
80,690
15,928
2,560
155,630
At 1 July 2022
10,996
25,151
5,926
431
42,504
Charge for the year
4,827
12,151
3,304
600
20,882
At 30 June 2023
15,823
37,302
9,230
1,031
63,386
At 30 June 2023
40,629
43,388
6,698
1,529
92,244
At 30 June 2022
45,456
55,139
9,204
1,747
111,546
Amounts falling due within one year
Trade debtors
39,214
16,058
Accrued income and prepayments
13,716
2,244
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
21,283
11,369
Taxes and social security
38,883
18,540
Loans from directors
1,488
2,460
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
40,707
51,447
Other creditors
28,598
29,750
Valenzia Ltd
Notes to the Accounts
for the year ended 30 June 2023
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).