Company Registration No. SC644853 (Scotland)
Valente Group Limited
Unaudited accounts
for the year ended 31 October 2023
Valente Group Limited
Unaudited accounts
Contents
Valente Group Limited
Company Information
for the year ended 31 October 2023
Company Number
SC644853 (Scotland)
Valente Group Limited
Statement of financial position
as at 31 October 2023
Cash at bank and in hand
53,026
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)
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
Valente Group Limited
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Additions
16,667
103,396
120,063
At 31 October 2023
16,667
103,396
120,063
Charge for the year
4,167
25,849
30,016
At 31 October 2023
4,167
25,849
30,016
At 31 October 2023
12,500
77,547
90,047
Valente Group Limited
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
Obligations under finance leases and hire purchase contracts
19,000
7
Creditors: amounts falling due after more than one year
2023
8
Average number of employees
During the year the average number of employees was 1.