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REGISTERED NUMBER: 03939138 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Valerise Management Limited

Valerise Management Limited (Registered number: 03939138)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Valerise Management Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: K G Vance
A R Dykes





SECRETARY: A R Dykes





REGISTERED OFFICE: Chancery House
41a Hanger Hill
Weybridge
Surrey
KT13 9XZ





REGISTERED NUMBER: 03939138 (England and Wales)





ACCOUNTANTS: Ampersand Partnership Limited
Chancery House
41a Hanger Hill
Weybridge
Surrey
KT13 9XZ

Valerise Management Limited (Registered number: 03939138)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,039 4,214

CURRENT ASSETS
Debtors 118,267 130,422
Cash at bank 610,718 663,185
728,985 793,607
CREDITORS
Amounts falling due within one year 91,305 152,314
NET CURRENT ASSETS 637,680 641,293
TOTAL ASSETS LESS CURRENT LIABILITIES 639,719 645,507

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 639,717 645,505
SHAREHOLDERS' FUNDS 639,719 645,507

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Valerise Management Limited (Registered number: 03939138)

Abridged Balance Sheet - continued
31 March 2024


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 March 2024 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 24 October 2024 and were signed on its behalf by:





K G Vance - Director


Valerise Management Limited (Registered number: 03939138)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Valerise Management 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 comprises revenue recognised by the company in respect of services supplied during the year, exclusive of VAT. Income from carpet installation services are recognised as the service is provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2023 - 3 ) .

Valerise Management Limited (Registered number: 03939138)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 9,480
Additions 286
At 31 March 2024 9,766
DEPRECIATION
At 1 April 2023 5,266
Charge for year 2,461
At 31 March 2024 7,727
NET BOOK VALUE
At 31 March 2024 2,039
At 31 March 2023 4,214

5. RELATED PARTY DISCLOSURES

During the year, total dividends of £96,000 (2023 - £122,000) were paid to the directors .

K Vance - director

At the balance sheet date the company owed K Vance £1,000 (2023: £2,000).