2023-05-012024-04-302024-04-30false11936466VALUTO BUILDERS 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VALUTO BUILDERS LIMITED

Registered Number
11936466
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

VALUTO BUILDERS LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

RICH, Paul Martyn

Registered Address

8 Dodisham Walk
Bristol
BS16 2QE

Registered Number

11936466 (England and Wales)
VALUTO BUILDERS LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,0492,146
2,0492,146
Current assets
Debtors2,254450
Cash at bank and on hand15,76233,562
18,01634,012
Creditors amounts falling due within one year4(3,142)(13,684)
Net current assets (liabilities)14,87420,328
Total assets less current liabilities16,92322,474
Creditors amounts falling due after one year5(4,946)(7,150)
Net assets11,97715,324
Capital and reserves
Called up share capital11
Profit and loss account11,97615,323
Shareholders' funds11,97715,324
The financial statements were approved and authorised for issue by the Director on 11 September 2024, and are signed on its behalf by:
RICH, Paul Martyn
Director
Registered Company No. 11936466
VALUTO BUILDERS LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
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.
Revenue from sale of goods
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.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Interest income
Interest income is recognised using the effective interest rate method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2.Average number of employees

20242023
Average number of employees during the year12
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 May 231,3032,6001991694,271
Additions110--602712
At 30 April 241,4132,6001997714,983
Depreciation and impairment
At 01 May 231,3035201331692,125
Charge for year2252066201809
At 30 April 241,3251,0401993702,934
Net book value
At 30 April 24881,560-4012,049
At 30 April 23-2,08066-2,146
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables184581
Taxation and social security510,353
Other creditors2,4832,310
Accrued liabilities and deferred income470440
Total3,14213,684
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts4,9467,150
Total4,9467,150
Santander Bounce back loan