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Company Registration No. SC644853 (Scotland)
Valente Group Limited Unaudited accounts for the year ended 31 October 2023
Valente Group Limited Unaudited accounts Contents
Page
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Valente Group Limited Company Information for the year ended 31 October 2023
Director
Pauline Valente
Company Number
SC644853 (Scotland)
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Valente Group Limited Statement of financial position as at 31 October 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
90,047 
Current assets
Debtors
1,141 
Cash at bank and in hand
53,026 
54,167 
Creditors: amounts falling due within one year
51,299 
Net current assets
105,466 
Total assets less current liabilities
195,513 
Creditors: amounts falling due after more than one year
(249,446)
Net liabilities
(53,933)
Capital and reserves
Called up share capital
1 
Profit and loss account
(53,934)
Shareholders' funds
(53,933)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2024 and were signed on its behalf by
Pauline Valente Director Company Registration No. SC644853
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Valente Group Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Valente Group Limited is a private company, limited by shares, registered in Scotland, registration number SC644853.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 October 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
- 
- 
- 
Additions
16,667 
103,396 
120,063 
At 31 October 2023
16,667 
103,396 
120,063 
Depreciation
Charge for the year
4,167 
25,849 
30,016 
At 31 October 2023
4,167 
25,849 
30,016 
Net book value
At 31 October 2023
12,500 
77,547 
90,047 
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Valente Group Limited Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
£ 
Amounts falling due within one year
Other debtors
1,141 
6
Creditors: amounts falling due within one year
2023 
£ 
VAT
(75,902)
Obligations under finance leases and hire purchase contracts
19,000 
Trade creditors
26,401 
Other creditors
(20,798)
(51,299)
7
Creditors: amounts falling due after more than one year
2023 
£ 
Other creditors
249,446 
8
Average number of employees
During the year the average number of employees was 1.
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