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REGISTERED NUMBER: 01086824 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ELY VALLEY CONSTRUCTION COMPANY LIMITED

ELY VALLEY CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: 01086824)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELY VALLEY CONSTRUCTION COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr R Llewellyn
Mr J Lee
Mr C Lee





REGISTERED OFFICE: Mill Street
Tonyrefail
RCT





REGISTERED NUMBER: 01086824 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

ELY VALLEY CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: 01086824)

BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 58,692 69,904
Investments 5 630 630
59,322 70,534

CURRENT ASSETS
Inventories 620 565
Debtors 6 15,917 23,597
Cash at bank 122,176 139,190
138,713 163,352
CREDITORS
Amounts falling due within one year 7 20,808 37,125
NET CURRENT ASSETS 117,905 126,227
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,227

196,761

PROVISIONS FOR LIABILITIES 2,175 3,439
NET ASSETS 175,052 193,322

CAPITAL AND RESERVES
Called up share capital 9 3 3
Revaluation reserve 10 41,262 41,262
Retained earnings 133,787 152,057
SHAREHOLDERS' FUNDS 175,052 193,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

ELY VALLEY CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: 01086824)

BALANCE SHEET - continued
30 APRIL 2024


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 13 January 2025 and were signed on its behalf by:





Mr J Lee - Director


ELY VALLEY CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: 01086824)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Ely Valley Construction Company 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost-excluding land at 0%
Plant and machinery etc - 25% on cost and 15% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

Pension costs and other post-retirement benefits

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

ELY VALLEY CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: 01086824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 60,000 173,882 233,882
Additions - 7,224 7,224
Disposals - (88,160 ) (88,160 )
At 30 April 2024 60,000 92,946 152,946
DEPRECIATION
At 1 May 2023 29,365 134,613 163,978
Charge for year 1,200 16,743 17,943
Eliminated on disposal - (87,667 ) (87,667 )
At 30 April 2024 30,565 63,689 94,254
NET BOOK VALUE
At 30 April 2024 29,435 29,257 58,692
At 30 April 2023 30,635 39,269 69,904

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 630
NET BOOK VALUE
At 30 April 2024 630
At 30 April 2023 630

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 12,912 13,197
Amounts recoverable on contract 1,936 9,361
Other debtors 1,069 1,039
15,917 23,597

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade creditors 5,986 5,902
Taxation and social security 8,896 20,436
Other creditors 5,926 10,787
20,808 37,125

ELY VALLEY CONSTRUCTION COMPANY LIMITED (REGISTERED NUMBER: 01086824)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included within 'Other creditors' are amounts payable on demand to the company directors. Interest has not been charged to the company on these loans.

8. FINANCIAL INSTRUMENTS

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/24 30/4/23
value: £    £   
3 Ordinary 1 3 3

10. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 41,262