BrightAccountsProduction v1.0.0 v1.0.0 2023-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts Dentistry 18 September 2024 06007119 2024-03-31 06007119 2023-03-31 06007119 2022-03-31 06007119 2023-04-01 2024-03-31 06007119 2022-04-01 2023-03-31 06007119 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06007119 uk-curr:PoundSterling 2023-04-01 2024-03-31 06007119 uk-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06007119 uk-bus:AbridgedAccounts 2023-04-01 2024-03-31 06007119 uk-core:ShareCapital 2024-03-31 06007119 uk-core:ShareCapital 2023-03-31 06007119 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 06007119 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 06007119 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-03-31 06007119 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 06007119 uk-bus:FRS102 2023-04-01 2024-03-31 06007119 uk-core:Goodwill 2023-04-01 2024-03-31 06007119 uk-core:LandBuildings 2023-04-01 2024-03-31 06007119 uk-core:PlantMachinery 2023-04-01 2024-03-31 06007119 uk-core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 06007119 uk-core:Goodwill 2023-03-31 06007119 uk-core:Goodwill 2024-03-31 06007119 2023-04-01 2024-03-31 06007119 uk-bus:Director1 2023-04-01 2024-03-31 06007119 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Callvalley Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2024



Callvalley Limited
Company Registration Number: 06007119
ABRIDGED BALANCE SHEET
as at 31 March 2024

2024 2023
Notes £ £
 
Fixed Assets
Intangible assets 4 1,636,331 1,422,581
Tangible assets 5 962,865 1,020,392
───────── ─────────
Fixed Assets 2,599,196 2,442,973
───────── ─────────
 
Current Assets
Stocks 10,000 10,000
Debtors 64,472 16,939
Cash and cash equivalents 37,955 353,327
───────── ─────────
112,427 380,266
───────── ─────────
Creditors: amounts falling due within one year (1,348,249) (1,498,189)
───────── ─────────
Net Current Liabilities (1,235,822) (1,117,923)
───────── ─────────
Total Assets less Current Liabilities 1,363,374 1,325,050
 
Creditors:
amounts falling due after more than one year (494,653) (540,958)
───────── ─────────
Net Assets 868,721 784,092
═════════ ═════════
 
Capital and Reserves
Called up share capital 100 100
Retained earnings 868,621 783,992
───────── ─────────
Shareholders' Funds 868,721 784,092
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 18 September 2024
           
           
________________________________          
M Stewart          
Director          
           



Callvalley Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2024

   
1. General Information
 
Callvalley Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 06007119. The registered office of the company is 7 King Street, Weymouth, Dorset, DT4 7BJ. Dentistry The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 March 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet .On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 0% straight line
  Plant and machinery - 15% reducing balance
  Fixtures, fittings and equipment - 15% reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Leasing
Rentals payable under operating leases are dealt with in the Profit and Loss Account as incurred over the period of the rental agreement.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 16, (2023 - 14).
 
  2024 2023
  Number Number
 
Director 1 1
Employee 15 13
  ───────── ─────────
  16 14
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 April 2023 1,471,847 1,471,847
Additions 213,750 213,750
  ───────── ─────────
At 31 March 2024 1,685,597 1,685,597
  ───────── ─────────
Amortisation
 
At 31 March 2024 49,266 49,266
  ───────── ─────────
Net book value
At 31 March 2024 1,636,331 1,636,331
  ═════════ ═════════
At 31 March 2023 1,422,581 1,422,581
  ═════════ ═════════
           
5. Tangible assets
  Land and Plant and Fixtures, Total
  buildings machinery fittings and  
  freehold   equipment  
  £ £ £ £
Cost
At 1 April 2023 803,750 352,182 64,786 1,220,718
Additions - - 12,055 12,055
Disposals - (59,122) - (59,122)
  ───────── ───────── ───────── ─────────
At 31 March 2024 803,750 293,060 76,841 1,173,651
  ───────── ───────── ───────── ─────────
Depreciation
At 1 April 2023 - 159,739 40,587 200,326
Charge for the financial year - 22,641 5,436 28,077
On disposals - (17,617) - (17,617)
  ───────── ───────── ───────── ─────────
At 31 March 2024 - 164,763 46,023 210,786
  ───────── ───────── ───────── ─────────
Net book value
At 31 March 2024 803,750 128,297 30,818 962,865
  ═════════ ═════════ ═════════ ═════════
At 31 March 2023 803,750 192,443 24,199 1,020,392
  ═════════ ═════════ ═════════ ═════════
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 March 2024.
   
7. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.