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REGISTERED NUMBER: 07226470 (England and Wales)









THE VANILLA VALLEY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

30 APRIL 2022 TO 31 JULY 2023






THE VANILLA VALLEY LIMITED (REGISTERED NUMBER: 07226470)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 APRIL 2022 TO 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE VANILLA VALLEY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 30 APRIL 2022 TO 31 JULY 2023







DIRECTOR: S J Golding





REGISTERED OFFICE: Churchgate House
3 Church Road
Whitchurch
Cardiff
SOUTH GLAMORGAN
CF14 2DX





REGISTERED NUMBER: 07226470 (England and Wales)






THE VANILLA VALLEY LIMITED (REGISTERED NUMBER: 07226470)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 84,375 100,000
Tangible assets 5 85,131 89,452
169,506 189,452

CURRENT ASSETS
Stocks 6 331,737 192,995
Debtors 7 47,871 69,299
Cash at bank and in hand 232,194 401,568
611,802 663,862
CREDITORS
Amounts falling due within one year 8 577,316 661,799
NET CURRENT ASSETS 34,486 2,063
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,992

191,515

PROVISIONS FOR LIABILITIES 10 16,417 12,622
NET ASSETS 187,575 178,893

THE VANILLA VALLEY LIMITED (REGISTERED NUMBER: 07226470)

BALANCE SHEET - continued
31 JULY 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 187,574 178,892
SHAREHOLDERS' FUNDS 187,575 178,893

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 8 March 2024 and were signed by:





S J Golding - Director


THE VANILLA VALLEY LIMITED (REGISTERED NUMBER: 07226470)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 APRIL 2022 TO 31 JULY 2023

1. STATUTORY INFORMATION

The Vanilla Valley 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparation
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.

Going concern
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. In making his assessment, the director has reviewed the balance sheet, the likely future cashflows of the business and has considered the facilities that are available to the company along with his continued support.

At the date of approving the financial statements the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that the going concern basis of accounting remains appropriate. The director continues to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, which are described in note 2, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

THE VANILLA VALLEY LIMITED (REGISTERED NUMBER: 07226470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 APRIL 2022 TO 31 JULY 2023

2. ACCOUNTING POLICIES - continued

Turnover
Turnover represents the value of goods sold excluding value added tax and is recognised in the financial statements when cash has been received or is receivable.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates value added tax and other sales taxes.

Sales of goods:

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
- The company has transferred the significant risks and rewards of owner to the buyer;
- The company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over term of lease
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

THE VANILLA VALLEY LIMITED (REGISTERED NUMBER: 07226470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 APRIL 2022 TO 31 JULY 2023

2. ACCOUNTING POLICIES - continued

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefit will be required in settlement and the amount can be reliable estimated.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

THE VANILLA VALLEY LIMITED (REGISTERED NUMBER: 07226470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 APRIL 2022 TO 31 JULY 2023

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments".
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets are liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors, loans to related companies and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, loans to related companies and bank loans are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 29 (2022 - 33 ) .

THE VANILLA VALLEY LIMITED (REGISTERED NUMBER: 07226470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 APRIL 2022 TO 31 JULY 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 April 2022
and 31 July 2023 250,000
AMORTISATION
At 30 April 2022 150,000
Charge for period 15,625
At 31 July 2023 165,625
NET BOOK VALUE
At 31 July 2023 84,375
At 29 April 2022 100,000

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 30 April 2022 26,240 184,035 75,671 24,958 310,904
Additions 9,635 3,293 5,095 4,786 22,809
At 31 July 2023 35,875 187,328 80,766 29,744 333,713
DEPRECIATION
At 30 April 2022 13,130 141,222 45,703 21,397 221,452
Charge for period 3,280 13,714 6,464 3,672 27,130
At 31 July 2023 16,410 154,936 52,167 25,069 248,582
NET BOOK VALUE
At 31 July 2023 19,465 32,392 28,599 4,675 85,131
At 29 April 2022 13,110 42,813 29,968 3,561 89,452

6. STOCKS
2023 2022
£    £   
Stock and work in progress 331,737 192,995

THE VANILLA VALLEY LIMITED (REGISTERED NUMBER: 07226470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 APRIL 2022 TO 31 JULY 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,794 17,007
Other debtors 45,077 52,292
47,871 69,299

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 13,060 27,519
Trade creditors 332,358 365,723
Taxation and social security 50,451 40,539
Other creditors 181,447 228,018
577,316 661,799

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 88,261 -
Between one and five years - 42,740
88,261 42,740

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 16,417 12,622

Deferred
tax
£   
Balance at 30 April 2022 12,622
Accelerated capital allowances 3,795
Balance at 31 July 2023 16,417

THE VANILLA VALLEY LIMITED (REGISTERED NUMBER: 07226470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 APRIL 2022 TO 31 JULY 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

12. TRANSACTIONS WITH DIRECTORS

Included in creditors, amounts falling due within one year is an amount owed to the director of £156,763 (2022 - £215,686).

Included in the profit and loss of the company is rent paid to director of £37,500 (2022 - £26,500).

Amounts due from the company are considered interest free and repayable on demand.

13. RELATED PARTY DISCLOSURES

As at 31 July 2023 an amount of £4,803 (2022 - £18,391) was owed from 360 Models Limited, a company under common control.

All amounts due are considered interest fee and repayable on demand.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S J Golding.

15. CHANGE OF ACCOUNTING REFERENCE DATE

During the period, the company extended its accounting reference date from 29 April to 31 July.