28 February 2022 false No description of principal activity Taxfiler 2023.14 9982432business:PrivateLimitedCompanyLtd2022-02-282023-02-28 99824322022-02-27 99824322022-02-282023-02-28 9982432business:AuditExempt-NoAccountantsReport2022-02-282023-02-28 9982432business:AbridgedAccounts2022-02-282023-02-28 99824322023-02-28 9982432business:Director12022-02-282023-02-28 9982432business:RegisteredOffice2022-02-282023-02-28 99824322022-02-27 9982432core:WithinOneYear2023-02-28 9982432core:WithinOneYear2022-02-27 9982432core:AfterOneYear2023-02-28 9982432core:AfterOneYear2022-02-27 9982432core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 9982432core:ShareCapitalcore:PreviouslyStatedAmount2022-02-27 9982432core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 9982432core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-27 9982432core:PreviouslyStatedAmount2023-02-28 9982432core:PreviouslyStatedAmount2022-02-27 9982432business:SmallEntities2022-02-282023-02-28 9982432countries:EnglandWales2022-02-282023-02-28 9982432core:PlantMachinery2022-02-282023-02-28 9982432core:MotorVehicles2022-02-282023-02-28 9982432core:FurnitureFittings2022-02-282023-02-28 9982432core:ComputerEquipment2022-02-282023-02-28 99824322021-02-282022-02-27 iso4217:GBP xbrli:pure
Company Registration No. 9982432 (England and Wales)
VALLEYS SPORTS LTD Unaudited accounts for the period from 28 February 2022 to 28 February 2023
VALLEYS SPORTS LTD Unaudited accounts Contents
Page
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VALLEYS SPORTS LTD Company Information for the period from 28 February 2022 to 28 February 2023
Director
Muhammad BILAL
Company Number
9982432 (England and Wales)
Registered Office
1 MARKET STREET PONTYPRIDD CF37 2ST UNITED KINGDOM
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VALLEYS SPORTS LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,614 
14,688 
Current assets
Inventories
472,000 
265,500 
Debtors
42,917 
120,740 
Cash at bank and in hand
29,559 
555 
544,476 
386,795 
Creditors: amounts falling due within one year
(485,617)
(324,672)
Net current assets
58,859 
62,123 
Total assets less current liabilities
72,473 
76,811 
Creditors: amounts falling due after more than one year
(27,849)
(35,791)
Net assets
44,624 
41,020 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
44,622 
41,018 
Shareholders' funds
44,624 
41,020 
For the period ending 28 February 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 period 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 14 February 2024 and were signed on its behalf by
Muhammad BILAL Director Company Registration No. 9982432
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VALLEYS SPORTS LTD Notes to the Accounts for the period from 28 February 2022 to 28 February 2023
1
Statutory information
VALLEYS SPORTS LTD is a private company, limited by shares, registered in England and Wales, registration number 9982432. The registered office is 1 MARKET STREET, PONTYPRIDD, CF37 2ST, 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 period, 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:
Plant & machinery
20% RB
Motor vehicles
20% RB
Fixtures & fittings
20% RB
Computer equipment
20% RB
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 28 February 2022
33,235 
Additions
1,927 
At 28 February 2023
35,162 
Depreciation
At 28 February 2022
18,547 
Charge for the period
3,001 
At 28 February 2023
21,548 
Net book value
At 28 February 2023
13,614 
At 27 February 2022
14,688 
5
Average number of employees
During the period the average number of employees was 5 (2022: 6).
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