2022-04-01 2023-03-31 false Capium Accounts Production 1.1 10074742 bus:FullAccounts 2022-04-01 2023-03-31 10074742 bus:FRS102 2022-04-01 2023-03-31 10074742 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10074742 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 10074742 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10074742 2022-04-01 2023-03-31 10074742 2023-03-31 10074742 bus:RegisteredOffice 2022-04-01 2023-03-31 10074742 core:WithinOneYear 2023-03-31 10074742 core:AfterOneYear 2023-03-31 10074742 bus:Director1 2022-04-01 2023-03-31 10074742 bus:Director1 2023-03-31 10074742 bus:Director1 2021-04-01 2022-03-31 10074742 2021-04-01 10074742 bus:CompanySecretary1 2022-04-01 2023-03-31 10074742 bus:LeadAgentIfApplicable 2022-04-01 2023-03-31 10074742 2021-04-01 2022-03-31 10074742 2022-03-31 10074742 core:WithinOneYear 2022-03-31 10074742 core:AfterOneYear 2022-03-31 10074742 bus:EntityAccountantsOrAuditors 2021-04-01 2022-03-31 10074742 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 10074742 bus:OrdinaryShareClass1 2023-03-31 10074742 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 10074742 bus:OrdinaryShareClass1 2022-03-31 10074742 core:FurnitureFittings 2022-04-01 2023-03-31 10074742 core:FurnitureFittings 2023-03-31 10074742 core:FurnitureFittings 2022-03-31 10074742 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 10074742 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-03-31 10074742 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 10074742 core:CostValuation core:Non-currentFinancialInstruments 2022-03-31 10074742 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-03-31 10074742 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 10074742 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 10074742 core:Non-currentFinancialInstruments 2023-03-31 10074742 core:Non-currentFinancialInstruments 2022-03-31 10074742 core:ShareCapital 2023-03-31 10074742 core:ShareCapital 2022-03-31 10074742 core:RetainedEarningsAccumulatedLosses 2023-03-31 10074742 core:RetainedEarningsAccumulatedLosses 2022-03-31 10074742 dpl:Item1 2022-04-01 10074742 dpl:Item1 2023-03-31 10074742 dpl:Item1 2021-04-01 10074742 dpl:Item1 2022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10074742
England and Wales

 

 

 


Filleted Accounts

for the year ended 31 March 2023

for

THE VALE NETHERTON LTD

 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 736    731 
736    731 
Current assets      
Stocks 4 2,900    3,100 
Debtors 5   2,007 
Cash at bank and in hand 51,845    40,300 
54,745    45,407 
Creditors: amount falling due within one year 6 (9,232)   (2,421)
Net current assets 45,513    42,986 
 
Total assets less current liabilities 46,249    43,717 
Creditors: amount falling due after more than one year 7 (33,409)   (44,400)
Provisions for liabilities 8 (139)   (139)
Net assets 12,701    (822)
 

Capital and reserves
     
Called up share capital 9 1    1 
Profit and loss account 12,700    (823)
Shareholder's funds 12,701    (822)
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 29 March 2024 and were signed by:


-------------------------------
Kathleen Phillips
Director
1
General Information
The Vale Netherton Ltd is a private company, limited by shares, registered in England and Wales, registration number 10074742, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 6 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 April 2022 1,570    1,570 
Additions 250    250 
Disposals  
At 31 March 2023 1,820    1,820 
Depreciation
At 01 April 2022 839    839 
Charge for year 245    245 
On disposals  
At 31 March 2023 1,084    1,084 
Net book values
Closing balance as at 31 March 2023 736    736 
Opening balance as at 01 April 2022 731    731 


4.

Stocks

2023
£
  2022
£
Stocks 2,900    3,100 
2,900    3,100 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Other Debtors   2,007 
  2,007 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 396    807 
Corporation Tax 3,153    1,303 
PAYE & Social Security 1,219   
Directors' Current Accounts 624    311 
VAT 3,840   
9,232    2,421 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 33,409    44,400 
33,409    44,400 

8.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 139    139 
139    139 

9.

Share Capital

Authorised
1 Ordinary share of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
1 Ordinary share of £1.00 each  
 

2