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REGISTERED NUMBER: 03731852 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Vale Press Limited

Vale Press Limited (Registered number: 03731852)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Vale Press Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: L O Stowe
D L Stowe
T J Stowe
O R Stowe





REGISTERED OFFICE: 6 Willersey Business Park
Willersey
Nr Broadway
Worcestershire WR12 7RR





REGISTERED NUMBER: 03731852 (England and Wales)





ACCOUNTANTS: Derek Young & Co Accountants LLP
Chartered Accountants
Estate House
Evesham Street
Redditch
Worcestershire
B97 4HP

Vale Press Limited (Registered number: 03731852)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,301,061 1,338,073
Investments 6 3,000 3,000
1,304,061 1,341,073

CURRENT ASSETS
Stocks 70,150 67,100
Debtors 1,305,246 1,241,211
Cash at bank and in hand 89,852 139,871
1,465,248 1,448,182
CREDITORS
Amounts falling due within one year 1,419,567 1,331,663
NET CURRENT ASSETS 45,681 116,519
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,349,742

1,457,592

CREDITORS
Amounts falling due after more than one
year

(374,265

)

(529,810

)

PROVISIONS FOR LIABILITIES (209,988 ) (194,348 )
NET ASSETS 765,489 733,434

CAPITAL AND RESERVES
Called up share capital 7 210 210
Other reserves 26,494 26,494
Retained earnings 738,785 706,730
SHAREHOLDERS' FUNDS 765,489 733,434

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 directors acknowledge their 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.

Vale Press Limited (Registered number: 03731852)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





L O Stowe - Director


Vale Press Limited (Registered number: 03731852)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Vale Press 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 represents amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so derived.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2011, 2013 and 2016, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Digital presses - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Tangible fixed assets are stated at cost less depreciation.

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.


Vale Press Limited (Registered number: 03731852)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 31 (2022 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 108,000
AMORTISATION
At 1 January 2023
and 31 December 2023 108,000
NET BOOK VALUE

At 31 December 2023 -
At 31 December 2022 -

Vale Press Limited (Registered number: 03731852)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 3,413,543
Additions 295,475
Disposals (253,862 )
At 31 December 2023 3,455,156
DEPRECIATION
At 1 January 2023 2,075,470
Charge for year 242,894
Eliminated on disposal (164,269 )
At 31 December 2023 2,154,095
NET BOOK VALUE
At 31 December 2023 1,301,061
At 31 December 2022 1,338,073

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 1,432,407 65,177 1,497,584
Additions 247,500 38,985 286,485
Disposals (108,750 ) (19,617 ) (128,367 )
Transfer to ownership (99,000 ) - (99,000 )
At 31 December 2023 1,472,157 84,545 1,556,702
DEPRECIATION
At 1 January 2023 685,774 35,992 721,766
Charge for year 135,090 16,153 151,243
Eliminated on disposal (59,788 ) (16,059 ) (75,847 )
Transfer to ownership (54,428 ) - (54,428 )
At 31 December 2023 706,648 36,086 742,734
NET BOOK VALUE
At 31 December 2023 765,509 48,459 813,968
At 31 December 2022 746,633 29,185 775,818

Vale Press Limited (Registered number: 03731852)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023
and 31 December 2023 3,000
NET BOOK VALUE
At 31 December 2023 3,000
At 31 December 2022 3,000

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
15 B Ordinary £1 15 15
15 C Ordinary £1 15 15
10 D Ordinary £1 10 10
40 40

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
170 Ordinary shares £1 170 170

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties were the directors who own the majority of the issued share capital of the
company.