Registered number
14067338
Valley Tissues LTD
Filleted Accounts
30 April 2024
Valley Tissues LTD
Registered number: 14067338
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,280 1,600
Current assets
Stocks 17,075 10,025
Debtors 4 1,950 750
Cash at bank and in hand 2,260 1,097
21,285 11,872
Creditors: amounts falling due within one year 5 (20,119) (13,029)
Net current assets/(liabilities) 1,166 (1,157)
Net assets 2,446 443
Capital and reserves
Called up share capital 1 1
Profit and loss account 2,445 442
Shareholders' funds 2,446 443
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Fazan Ahmed Zaheer
Director
Approved by the board on 10 July 2024
Valley Tissues LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Van
£
Cost
At 1 May 2023 2,000
At 30 April 2024 2,000
Depreciation
At 1 May 2023 400
Charge for the year 320
At 30 April 2024 720
Net book value
At 30 April 2024 1,280
At 30 April 2023 1,600
4 Debtors 2024 2023
£ £
Trade debtors 1,950 750
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,050 980
Taxation and social security costs 1,532 113
Other creditors 16,537 11,936
20,119 13,029
6 Controlling party
The company is controlled by the director who owns 100% of the called up share capital.
7 Other information
Valley Tissues LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit 11 Bhandal Business Park
Heath Road
Darlaston
West Midlands
WS10 8LU
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