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REGISTERED NUMBER: 08190336 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

APPROVED VALETING UK LIMITED

APPROVED VALETING UK LIMITED (REGISTERED NUMBER: 08190336)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

APPROVED VALETING UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: J Bancroft





REGISTERED OFFICE: 22 Nightingale Walk
Burntwood
Staffordshire
WS7 9QH





REGISTERED NUMBER: 08190336 (England and Wales)





ACCOUNTANTS: Bytheway & Co Accountants Ltd
Heame House
23 Bilston Street
Sedgley
Dudley
West Midlands
DY3 1JA

APPROVED VALETING UK LIMITED (REGISTERED NUMBER: 08190336)

BALANCE SHEET
31 JULY 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 882,111 549,602

CURRENT ASSETS
Stocks 69,615 71,685
Debtors 5 1,983,950 1,420,476
Cash at bank 15,214 13,653
2,068,779 1,505,814
CREDITORS
Amounts falling due within one year 6 2,271,165 1,593,242
NET CURRENT LIABILITIES (202,386 ) (87,428 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

679,725

462,174

CREDITORS
Amounts falling due after more than one
year

7

(653,138

)

(278,793

)

PROVISIONS FOR LIABILITIES 8 (16,030 ) (16,030 )
NET ASSETS 10,557 167,351

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10,555 167,349
SHAREHOLDERS' FUNDS 10,557 167,351

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

APPROVED VALETING UK LIMITED (REGISTERED NUMBER: 08190336)

BALANCE SHEET - continued
31 JULY 2023


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 29 July 2024 and were signed by:





J Bancroft - Director


APPROVED VALETING UK LIMITED (REGISTERED NUMBER: 08190336)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Approved Valeting Uk 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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

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.
Plant and machinery - 25% on reducing balance
Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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 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.

APPROVED VALETING UK LIMITED (REGISTERED NUMBER: 08190336)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued

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 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 1,030,224
Additions 657,372
Disposals (144,080 )
At 31 July 2023 1,543,516
DEPRECIATION
At 1 August 2022 480,622
Charge for year 296,223
Eliminated on disposal (115,440 )
At 31 July 2023 661,405
NET BOOK VALUE
At 31 July 2023 882,111
At 31 July 2022 549,602

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Trade debtors 1,819,191 1,351,713
Other debtors 164,759 68,763
1,983,950 1,420,476

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 48,826 62,841
Trade creditors 535,932 345,443
Taxation and social security 573,423 461,067
Other creditors 1,102,984 713,891
2,271,165 1,593,242

APPROVED VALETING UK LIMITED (REGISTERED NUMBER: 08190336)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/23 31/7/22
£    £   
Bank loans 19,167 28,333
Hire purchase contracts 567,058 206,447
Amounts owed to group undertakings 66,913 44,013
653,138 278,793

8. PROVISIONS FOR LIABILITIES
31/7/23 31/7/22
£    £   
Deferred tax 16,030 16,030

Deferred
tax
£   
Balance at 1 August 2022 16,030
Balance at 31 July 2023 16,030

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/23 31/7/22
value: £    £   
2 Ordinary 1 2 2

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Bancroft.

APPROVED VALETING UK LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
APPROVED VALETING UK LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2023 set out on pages one to twelve and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Bytheway & Co Accountants Ltd
Heame House
23 Bilston Street
Sedgley
Dudley
West Midlands
DY3 1JA


29 July 2024