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REGISTERED NUMBER: 02709342 (England and Wales)










VA-L TRADING LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






VA-L TRADING LIMITED (REGISTERED NUMBER: 02709342)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 3


VA-L TRADING LIMITED (REGISTERED NUMBER: 02709342)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 37,960 4,128
Cash at bank 690,319 681,074
728,279 685,202
CREDITORS
Amounts falling due within one year 5 686,799 643,722
NET CURRENT ASSETS 41,480 41,480
TOTAL ASSETS LESS CURRENT LIABILITIES 41,480 41,480

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 41,478 41,478
SHAREHOLDERS' FUNDS 41,480 41,480

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

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 14th August 2024 and were signed on its behalf by:





C N Hollins - Director


VA-L TRADING LIMITED (REGISTERED NUMBER: 02709342)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

VA-L Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02709342

Registered office: Stringer House
34 Lupton Street
Hunslet
Leeds
Yorkshire
LS10 2QW

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover and other operating income
Turnover is measured at the fair value of consideration received or receivable for services rendered, net of discounts and Value Added Tax.

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.

No provision is included for any potential tax liability arising on the company's profits for the year because the directors propose that a Gift Aid donation to the parent charity will be paid within 9 months of the balance sheet date at an amount sufficient to reduce any such potential tax liability to Nil

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,742 1,812
Other debtors 1,218 2,316
37,960 4,128

VA-L TRADING LIMITED (REGISTERED NUMBER: 02709342)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account and client
payroll obligations 644,989 624,092
Amounts owed to parent company 37,609 16,030
Other creditors 4,201 3,600
686,799 643,722

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Darwin FCA (Senior Statutory Auditor)
for and on behalf of Thomas Coombs Limited

8. ULTIMATE CONTROLLING PARTY

The company's ultimate parent company is Voluntary Action - Leeds. Voluntary Action - Leeds is a registered charity incorporated in Great Britain and registered in England and Wales. A copy of the financial statements of Voluntary Action - Leeds are available from Voluntary Action - Leeds, Stringer House, 34 Lupton Street, Hunslet, Leeds, LS10 2QW.