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Company Registration No. 10959266 (England and Wales)
Valitalia Limited Unaudited accounts for the year ended 30 September 2023
Valitalia Limited Unaudited accounts Contents
Page
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Valitalia Limited Company Information for the year ended 30 September 2023
Director
Mark Cuni
Company Number
10959266 (England and Wales)
Registered Office
146 Mosley Common Road Worsley Manchester Greater Manchester M28 1AN England
Accountants
Xeinadin Group Regent House Folds Road Bolton BL1 2RZ
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Valitalia Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,948 
15,760 
Current assets
Inventories
793 
1,181 
Cash at bank and in hand
687,085 
465,687 
687,878 
466,868 
Creditors: amounts falling due within one year
(480,784)
(314,027)
Net current assets
207,094 
152,841 
Total assets less current liabilities
221,042 
168,601 
Creditors: amounts falling due after more than one year
(30,986)
(41,958)
Net assets
190,056 
126,643 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
190,053 
126,640 
Shareholders' funds
190,056 
126,643 
For the year ending 30 September 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 5 April 2024 and were signed on its behalf by
Mark Cuni Director Company Registration No. 10959266
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Valitalia Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Valitalia Limited is a private company, limited by shares, registered in England and Wales, registration number 10959266. The registered office is 146 Mosley Common Road, Worsley, Manchester, Greater Manchester, M28 1AN, England.
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.
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:
Fixtures & fittings
15% reducing balance
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.
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.
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Valitalia Limited Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 October 2022
23,971 
Additions
649 
At 30 September 2023
24,620 
Depreciation
At 1 October 2022
8,211 
Charge for the year
2,461 
At 30 September 2023
10,672 
Net book value
At 30 September 2023
13,948 
At 30 September 2022
15,760 
5
Average number of employees
During the year the average number of employees was 16 (2022: 13).
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