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REGISTERED NUMBER: 07232975 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

VALLEY HOMES LIMITED

VALLEY HOMES LIMITED (REGISTERED NUMBER: 07232975)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


VALLEY HOMES LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTOR: J N Small





REGISTERED OFFICE: The Granary
Brewer Street
Bletchingley
Surrey
RH1 4QP





REGISTERED NUMBER: 07232975 (England and Wales)





ACCOUNTANTS: Lees Chartered Accountants
The Granary
Brewer Street
Bletchingley
Surrey
RH1 4QP

VALLEY HOMES LIMITED (REGISTERED NUMBER: 07232975)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,641 4,326
4,641 4,326

CURRENT ASSETS
Debtors 6 90,868 66,121
Cash at bank and in hand - 41,285
90,868 107,406
CREDITORS
Amounts falling due within one year 7 76,467 77,738
NET CURRENT ASSETS 14,401 29,668
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,042

33,994

CREDITORS
Amounts falling due after more than one
year

8

18,934

26,000
NET ASSETS 108 7,994

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 7,894
SHAREHOLDERS' FUNDS 108 7,994

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 director acknowledges his 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.

VALLEY HOMES LIMITED (REGISTERED NUMBER: 07232975)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 January 2025 and were signed by:





J N Small - Director


VALLEY HOMES LIMITED (REGISTERED NUMBER: 07232975)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Valley Homes 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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

VALLEY HOMES LIMITED (REGISTERED NUMBER: 07232975)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 68,000
AMORTISATION
At 1 May 2023
and 30 April 2024 68,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 35,529
Additions 2,040
At 30 April 2024 37,569
DEPRECIATION
At 1 May 2023 31,203
Charge for year 1,725
At 30 April 2024 32,928
NET BOOK VALUE
At 30 April 2024 4,641
At 30 April 2023 4,326

VALLEY HOMES LIMITED (REGISTERED NUMBER: 07232975)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 38,770 31,764
Other debtors 52,098 34,357
90,868 66,121

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 17,916 12,360
Trade creditors 27,383 28,992
Taxation and social security 31,168 33,987
Other creditors - 2,399
76,467 77,738

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 18,934 26,000

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following loans were due to the director during the year :

30.04.2430.04.23
£   £   
Balance outstanding and due to/(from) directors at 1 May(18,416)(18,416)
Introduced in the year --
Repaid to directors during the year ended 30 April (26,309)-
Balance outstanding and due to/(from) directors at 30 April (44,725)(18,416)

The director repaid £8,000 of the amount due to the company by 31 December 2024. The company has paid or will pay the requisite tax on the loan balance.