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REGISTERED NUMBER: 02198215 (England and Wales)














Valna Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Valna Limited (Registered number: 02198215)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Valna Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Peter Clarke



SECRETARY:



REGISTERED OFFICE: 10 Victoria Road South
Southsea
Hampshire
PO5 2DA



REGISTERED NUMBER: 02198215 (England and Wales)



ACCOUNTANTS: Barter Durgan
Chartered Accountants
10, Victoria Road South
Southsea
Hampshire
PO5 2DA



BANKERS: National Westminster Bank
130 Commercial Road
Portsmouth
Hampshire
PO1 1EJ

Valna Limited (Registered number: 02198215)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,979 7,262

CURRENT ASSETS
Debtors 5 169,730 140,957
Cash at bank and in hand 200 23,426
169,930 164,383
CREDITORS
Amounts falling due within one year 6 180,809 171,545
NET CURRENT LIABILITIES (10,879 ) (7,162 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

100

CAPITAL AND RESERVES
Called up share capital 100 100
SHAREHOLDERS' FUNDS 100 100

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 March 2024 and were signed by:



Peter Clarke - Director


Valna Limited (Registered number: 02198215)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Valna 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost and 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Valna Limited (Registered number: 02198215)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 6,860 16,645 18,518 42,023
Additions - 7,000 - 7,000
At 31 December 2023 6,860 23,645 18,518 49,023
DEPRECIATION
At 1 January 2023 6,377 9,866 18,518 34,761
Charge for year 121 3,162 - 3,283
At 31 December 2023 6,498 13,028 18,518 38,044
NET BOOK VALUE
At 31 December 2023 362 10,617 - 10,979
At 31 December 2022 483 6,779 - 7,262

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 114,277 68,081
Directors' current accounts 6,089 25,732
Prepayments 49,364 47,144
169,730 140,957

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 47,590 57,866
Trade creditors 110,833 85,229
Taxation 3,953 3,953
Social security and other taxes 861 851
VAT 16,522 22,596
Accrued expenses 1,050 1,050
180,809 171,545

7. ULTIMATE CONTROLLING PARTY

The controlling party is Peter Clarke.