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REGISTERED NUMBER: 09277047 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

VALLEY FARM CONTRACTING LIMITED

VALLEY FARM CONTRACTING LIMITED (REGISTERED NUMBER: 09277047)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VALLEY FARM CONTRACTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 October 2023







DIRECTOR: T Comley





REGISTERED OFFICE: Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX





REGISTERED NUMBER: 09277047 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

VALLEY FARM CONTRACTING LIMITED (REGISTERED NUMBER: 09277047)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 558,508 425,745
Investments 5 200 100
558,708 425,845

CURRENT ASSETS
Stocks 2,254 113,409
Debtors 6 439,132 448,098
Cash at bank 495,531 309,586
936,917 871,093
CREDITORS
Amounts falling due within one year 7 308,995 270,574
NET CURRENT ASSETS 627,922 600,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,186,630

1,026,364

PROVISIONS FOR LIABILITIES 131,996 80,891
NET ASSETS 1,054,634 945,473

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,054,633 945,472
SHAREHOLDERS' FUNDS 1,054,634 945,473

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

VALLEY FARM CONTRACTING LIMITED (REGISTERED NUMBER: 09277047)

BALANCE SHEET - continued
31 October 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 30 July 2024 and were signed by:





T Comley - Director


VALLEY FARM CONTRACTING LIMITED (REGISTERED NUMBER: 09277047)

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


1. STATUTORY INFORMATION

Valley Farm Contracting 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents net invoiced sales for services, excluding Value Added Tax.

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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 - 6 ) .

VALLEY FARM CONTRACTING LIMITED (REGISTERED NUMBER: 09277047)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 806,027 659 61,683 3,073 871,442
Additions 220,424 212 98,775 - 319,411
At 31 October 2023 1,026,451 871 160,458 3,073 1,190,853
DEPRECIATION
At 1 November 2022 399,913 542 43,603 1,639 445,697
Charge for year 156,634 82 29,215 717 186,648
At 31 October 2023 556,547 624 72,818 2,356 632,345
NET BOOK VALUE
At 31 October 2023 469,904 247 87,640 717 558,508
At 31 October 2022 406,114 117 18,080 1,434 425,745

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 November 2022 100
Additions 100
At 31 October 2023 200
NET BOOK VALUE
At 31 October 2023 200
At 31 October 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,885 112,753
Amounts owed by group undertakings 90,269 323,931
Other debtors 319,978 11,414
439,132 448,098

VALLEY FARM CONTRACTING LIMITED (REGISTERED NUMBER: 09277047)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 133,207 142,065
Taxation and social security 153,376 117,059
Other creditors 22,412 11,450
308,995 270,574

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
T Comley
Balance outstanding at start of year - -
Amounts advanced 315,408 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 315,408 -