24 February 2023 false No description of principal activity Taxfiler 2024.6 14686209business:PrivateLimitedCompanyLtd2023-02-242024-02-28 146862092023-02-23 146862092023-02-242024-02-28 14686209business:AuditExemptWithAccountantsReport2023-02-242024-02-28 14686209business:FilletedAccounts2023-02-242024-02-28 146862092024-02-28 14686209business:Director12023-02-242024-02-28 14686209business:Director22023-02-242024-02-28 14686209business:RegisteredOffice2023-02-242024-02-28 14686209core:WithinOneYear2024-02-28 14686209core:ShareCapitalcore:PreviouslyStatedAmount2024-02-28 14686209core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-28 14686209core:PreviouslyStatedAmount2024-02-28 14686209business:SmallEntities2023-02-242024-02-28 14686209countries:EnglandWales2023-02-242024-02-28 14686209core:PlantMachinery2023-02-242024-02-28 14686209core:FurnitureFittings2023-02-242024-02-28 14686209core:PlantMachinery2023-02-23 14686209core:FurnitureFittings2023-02-23 14686209core:PlantMachinery2024-02-28 14686209core:FurnitureFittings2024-02-28 14686209business:OrdinaryShareClass12023-02-242024-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 14686209 (England and Wales)
Valastar Limited Unaudited accounts for the period from 24 February 2023 to 28 February 2024
Valastar Limited Unaudited accounts Contents
Page
- 2 -
Valastar Limited Company Information for the period from 24 February 2023 to 28 February 2024
Directors
Mr Richard HIETT Mrs Valaiporn HIETT
Company Number
14686209 (England and Wales)
Registered Office
2 Riverside Gardens Enfield Middlesex EN2 6JW England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
- 3 -
Valastar Limited Statement of financial position as at 28 February 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
3,758 
Current assets
Inventories
320 
Cash at bank and in hand
8,672 
8,992 
Creditors: amounts falling due within one year
(9,838)
Net current liabilities
(846)
Net assets
2,912 
Capital and reserves
Called up share capital
100 
Profit and loss account
2,812 
Shareholders' funds
2,912 
For the period ending 28 February 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by
Mr Richard HIETT Director Company Registration No. 14686209
- 4 -
Valastar Limited Notes to the Accounts for the period from 24 February 2023 to 28 February 2024
1
Statutory information
Valastar Limited is a private company, limited by shares, registered in England and Wales, registration number 14686209. The registered office is 2 Riverside Gardens, Enfield, Middlesex, EN2 6JW, England.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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
18% - Reducing balance method
Fixtures & fittings
18% - Reducing balance method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Reporting period
The company has been incorporated on 24 February 2023 and started trading from 8 March 2023.
- 5 -
Valastar Limited Notes to the Accounts for the period from 24 February 2023 to 28 February 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 24 February 2023
- 
- 
- 
Additions
3,506 
1,077 
4,583 
At 28 February 2024
3,506 
1,077 
4,583 
Depreciation
Charge for the period
631 
194 
825 
At 28 February 2024
631 
194 
825 
Net book value
At 28 February 2024
2,875 
883 
3,758 
5
Creditors: amounts falling due within one year
2024 
£ 
VAT
1,689 
Loans from directors
7,699 
Accruals
450 
9,838 
6
Share capital
2024 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
7
Transactions with related parties
Included within other creditors is an amount of £7,699 due to its directors. There are no terms as to interest or repayment in respect of this balance.
8
Average number of employees
During the period the average number of employees was 2.
- 6 -