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Company Registration No. 12042189 (England and Wales)
Valenzia Ltd Unaudited accounts for the year ended 30 June 2023
Valenzia Ltd Unaudited accounts Contents
Page
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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
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Valenzia Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
92,244 
111,546 
Current assets
Debtors
55,930 
21,302 
Cash at bank and in hand
146,861 
131,718 
202,791 
153,020 
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)
Net assets
94,571 
81,625 
Capital and reserves
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
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Valenzia Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Leased assets
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.
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Valenzia Ltd Notes to the Accounts for the year ended 30 June 2023
Pension costs
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 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
39,214 
16,058 
Accrued income and prepayments
13,716 
2,244 
52,930 
18,302 
Amounts falling due after more than one year
Other debtors
3,000 
3,000 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
28,280 
13,378 
Trade creditors
21,283 
11,369 
Taxes and social security
38,883 
18,540 
Other creditors
(3)
272 
Loans from directors
1,488 
2,460 
Accruals
951 
9,892 
90,882 
55,911 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
40,277 
45,833 
Obligations under finance leases and hire purchase contracts
40,707 
51,447 
Other creditors
28,598 
29,750 
109,582 
127,030 
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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).
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