1 December 2022 false No description of principal activity Taxfiler 2024.5 07436758business:PrivateLimitedCompanyLtd2022-12-012023-11-30 074367582022-11-30 074367582022-12-012023-11-30 07436758business:AuditExempt-NoAccountantsReport2022-12-012023-11-30 07436758business:AbridgedAccounts2022-12-012023-11-30 074367582023-11-30 074367582022-11-30 07436758core:WithinOneYear2023-11-30 07436758core:WithinOneYear2022-11-30 07436758core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 07436758core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 07436758core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 07436758core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 07436758core:PreviouslyStatedAmount2023-11-30 07436758core:PreviouslyStatedAmount2022-11-30 07436758business:SmallEntities2022-12-012023-11-30 07436758business:Director12022-12-012023-11-30 07436758countries:EnglandWales2022-12-012023-11-30 07436758business:RegisteredOffice2022-12-012023-11-30 07436758core:PlantMachinery2022-12-012023-11-30 074367582021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 07436758 (England and Wales)
VALLEY ASSOCIATES LTD Unaudited accounts for the year ended 30 November 2023
VALLEY ASSOCIATES LTD Unaudited accounts Contents
Page
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VALLEY ASSOCIATES LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
202,358 
207,586 
Current assets
Inventories
29,084 
28,056 
Debtors
242,077 
50,750 
Cash at bank and in hand
70,813 
193,847 
341,974 
272,653 
Creditors: amounts falling due within one year
(254,249)
(225,912)
Net current assets
87,725 
46,741 
Net assets
290,083 
254,327 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
290,082 
254,326 
Shareholders' funds
290,083 
254,327 
For the year ending 30 November 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 directors acknowledge their 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 year 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 of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by
Ruman Jaigirdar Director Company Registration No. 07436758
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VALLEY ASSOCIATES LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
VALLEY ASSOCIATES LTD is a private company, limited by shares, registered in England and Wales, registration number 07436758. The registered office is 111A HIGH STREET, WEALDSTONE, MIDDLESEX, HA3 5DL.
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 year, 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 years
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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VALLEY ASSOCIATES LTD Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 December 2022
295,628 
Additions
6,916 
At 30 November 2023
302,544 
Depreciation
At 1 December 2022
88,042 
Charge for the year
12,144 
At 30 November 2023
100,186 
Net book value
At 30 November 2023
202,358 
At 30 November 2022
207,586 
5
Average number of employees
During the year the average number of employees was 19 (2022: 12).
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